Economy Oct 03 Without a new jobs report, U.S. ‘flying blind’ on hiring in an uncertain economy The first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern as everyone awaits the Labor Department's crucial monthly jobs report. Not this month, though.
Economy Oct 02 Shutdowns usually don’t do much economic damage, but there are reasons to worry this time Trump's massive layoff threat and the precarious state of the American economy raise the odds of longer-lasting damage.
Nation Oct 02 Vital economic data, including Friday’s jobs report, cut off in government shutdown The government shutdown that began Wednesday will deprive policymakers and investors of economic data vital to their decision-making at a time of unusual uncertainty about the direction of the U.S. economy.
Politics Sep 17 The Federal Reserve wrestles with how many interest rate cuts to make and how fast There are typically two different approaches the Fed takes to lowering borrowing costs: Either a measured pace that typically reflects a modest adjustment to its key rate, or a much more rapid set of cuts as the economy deteriorates in…
Economy Sep 16 WATCH: Powell announces first interest rate cut of the year The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labor market.
Politics Sep 11 Trump administration requests emergency ruling to remove Lisa Cook from Fed board The request represents an extraordinary effort by the White House to shape the board before the Fed's interest rate-setting committee meets next Tuesday and Wednesday.
Economy Sep 11 U.S. inflation worsened last month, putting Fed in difficult spot as job market slows The price of gas, groceries, and airfares jumped, while a measure of layoffs also increased, putting the Federal Reserve in a tough spot as it prepares to cut rates at its meeting next week despite persistent price pressures.
Politics Sep 10 WATCH: Senate committee approves Stephen Miran’s nomination for Federal Reserve governor The White House has pushed for an expedited Senate approval of Miran, who was nominated by President Donald Trump to replace former Fed governor Adriana Kugler.
Politics Sep 10 Cook can remain a Fed governor while fighting Trump’s attempted firing, court rules The ruling, which will almost certainly be appealed, is a blow to the Trump administration’s efforts to assert more control over the traditionally independent Fed.
Economy Aug 29 Key U.S. inflation gauge holds mostly steady though core inflation ticks higher Prices rose 2.6% in July compared with a year ago, the Commerce Department said Friday, the same annual increase as in June.