BlackRock’s Rieder Sees Soft Jobs Market, Wants Fed Rate at 3%
BlackRock Inc. executive Rick Rieder, who is among those being considered to succeed Federal Reserve Chair Jerome Powell,…
US Economy at Risk of Weakening With Growing Gap Between Rich and Poor
The surprising resilience of the US economy this year is masking underlying weakness among low- and middle-income households,…
US Has Most October Layoffs in Over 20 Years on AI and Cost Cuts
US companies announced the most job cuts for any October in more than two decades as artificial intelligence…
Fed’s Miran Says ADP Jobs Data Slightly Better Than Expected
Federal Reserve Governor Stephen Miran on Wednesday described data that showed employment at US companies increased in October…
AI and the Fed: The Bank’s Wait-and-See Approach Can’t Last
Financial markets are obsessed with AI, and the broader public is aware of its looming impact on jobs…
Why the US Layoff Wave Is an Early Warning Sign for Job Market – Bloomberg.com
Why the US Layoff Wave Is an Early Warning Sign for Job Market Bloomberg.comWhy Companies Are No Longer Hanging…
Fed’s Loss of ADP Labor Statistics Adds to Data Vacuum
The Federal Reserve is no longer receiving data on private-sector employment from an independent provider, adding to policymakers’…
US Tariff Revenue Surge Is Clear, Officials Differ on Who Pays
I’m Laura Curtis, an economics editor in Los Angeles. Today we’re looking at the provenance of the swelling…
US Futures Slip as Traders Gauge H-1B Visa Fallout: Markets Wrap – Bloomberg.com
US Futures Slip as Traders Gauge H-1B Visa Fallout: Markets Wrap Bloomberg.comH-1B: Man spent $8,000 on flights to get…
US Fed Inflation Metric to Ease as Focus Shifts to Jobs Market
The Federal Reserve’s preferred gauge of underlying inflation likely grew at a slower pace last month, offering policymakers…
Fed Cuts Rates Quarter Point, Signals Labor Market Concerns
Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and penciled in two more…
Bond Traders Boost Bets on Half-Point Fed Rate Cuts by Year-End
Bond traders are stepping up options wagers that the Federal Reserve will deliver at least one half-point interest-rate…