The trouble with America’s shutdown economy
Imagine, for a moment, America without the Bureau of Labour Statistics (BLS). To some wonks, few scenarios are…
Data Fog Intensifying for Fed as Shutdown Delays US Inflation Numbers
Two monthly jobs reports have fallen victim to the longest US government shutdown and a key inflation snapshot…
US Consumers See Worse Job Market, Muted Inflation in Fed Survey
Americans’ perceptions of the job market worsened in October while their expectations for inflation edged lower, according to…
US Consumer Sentiment Declines to Near Lowest on Record
US consumer sentiment tumbled to near the lowest on record as the government shutdown weighed on the economic…
Fed’s Cook Says Labor Market Concerns Outweigh Inflation Risk
Federal Reserve Governor Lisa Cook said she sees the risk of further labor-market weakness as greater than the…
A Wave of US Layoffs Flash Early Warning Sign for Job Market – Bloomberg
A Wave of US Layoffs Flash Early Warning Sign for Job Market BloombergWhy Companies Are No Longer Hanging On…
Bessent Says Economy in ‘Transition Period,’ With Some Sectors in Recession
Topline Treasury Secretary Scott Bessent said Sunday he believes some sectors of the economy are in a recession…
World Economy Latest: Fed’s Powell Reins in Rate-Cut Expectations
Central bankers in North America’s two largest economies lowered borrowing costs this week, though yields on government debt…
Powell says that, unlike the dotcom boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’
“I won’t go into particular names,” Powell told reporters after the Fed’s policy meeting, “but they actually have…
Bitcoin (BTC) Extends Losses as Powell Cautions Against Rate Cut Bets
Bitcoin slumped toward the lower end of its recent trading range as record rallies in other risk assets…
Powell cuts rates in the dark in historic move, with no jobs data and Trump heckling from abroad
The Federal Reserve lowered its benchmark interest rate by a quarter of a percentage point on Wednesday, a…
Bessent Calls on Japan to Give BOJ Space to Fight Inflation
US Treasury Secretary Scott Bessent called on Japan’s new government to give the nation’s central bank the space…