US Planned Layoffs Surge to Highest Level in Five Months, Recruitment Firm Challenger Reports
U.S. employers in August unveiled the greatest number of layoffs in five months, led by cuts in the technology sector, […]
ABBO News offers comprehensive coverage of the US economy: stay updated with the latest economic trends, policy changes, and market movements. Get expert insights to navigate the complexities of the American economic landscape and make informed decisions.
U.S. employers in August unveiled the greatest number of layoffs in five months, led by cuts in the technology sector, […]
The Federal Reserve needs to cut interest rates to keep the labor market healthy. However, it is now down to
Fed’s Daly Advocates for Rate Cuts to Keep Labor Market Healthy Read More »
WASHINGTON – New orders for U.S.-manufactured goods increased more than expected in July, boosted by defense aircraft, but demand elsewhere
Federal Reserve policymakers are increasingly attentive to the U.S. labor market as they prepare for a policy-setting meeting later this
Interest Rate Cut Size in Flux as Fed Weighs Job Market Metrics Read More »
LONDON – Suggestions that the dollar’s dominance of the global financial system is ending are wide of the mark, JPMorgan
Reports of the Dollar’s Demise Are Greatly Exaggerated, JPMorgan Says Read More »
U.S. economic activity expanded more slowly from the middle of July through late August and businesses pulled back on hiring,
US Firms Scale Back Hiring as Economic Growth Slows, Fed Survey Shows Read More »
Hunger reached its highest point in the United States in nearly a decade last year, with 18 million households, or
US Faces Deepening Hunger Crisis, with 18 Million Households Affected in 2023: Report Read More »
The U.S. central bank must not keep interest rates too high much longer or it risks causing too much harm
Fed’s Bostic Warns Against Keeping a Restrictive Policy Stance For Too Long Read More »
WASHINGTON – U.S. job openings dropped to a 3-1/2-year low in July, suggesting the labor market was losing steam, but
US Job Openings Fall to Lowest Point Since January 2021 Read More »
WASHINGTON – The U.S. trade deficit widened to the highest level in more than two years in July as businesses
US Trade Deficit Widens Sharply in July as Businesses Ramp Up Imports Before Tariffs Read More »
LONDON – U.S. economic growth would likely get the biggest boost in the coming two years from the Democrats, headed
US Economy to Get Significant Boost if Harris Wins, Goldman Sachs Says Read More »
WASHINGTON – U.S. small business startup applications are surging this year with sentiment improving in the sector after a rocky
U.S. housing inflation is likely to ease in the coming year as the gap between supply and demand for homes
US Housing Inflation Likely to Fall in Coming Year, Fed Paper Says Read More »
WASHINGTON – U.S. manufacturing contracted at a moderate pace in August amid some improvement in employment. However, a further decline
US Manufacturing Mired in Weakness; Construction Spending Falls Read More »
As recently as two and a half months ago, most U.S. central bankers didn’t see an interest rate cut in
Fed Policymakers Unite on Rate Cuts, but Differ on Rationale Read More »
U.S. consumers see inflation continuing to moderate in the next year, with a gauge of price growth expectations published on
US Consumers’ Short-Term Inflation Expectation Lowest Since 2020, UMich Data Shows Read More »
On Friday, the Federal Reserve policymakers got fresh confirmation that inflation is continuing to ease, clearing the way for a
Fed Likely to Cut Rates in September as Inflation Cools Read More »
WASHINGTON – U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third
Solid US Consumer Spending Casts Doubt on Hefty Fed Rate Cut Read More »
BENGALURU – U.S. home prices will rise relatively modestly this year and next despite tight supply and expected U.S. Federal
US Home Prices Set to Rise Modestly as Fed Cuts Rates, Reuters Poll Finds Read More »
WASHINGTON – The U.S. economy grew faster than initially thought in the second quarter amid strong consumer spending, while corporate
US Q2 Economic Growth Revised Higher on Consumer Spending Read More »
WASHINGTON – Contracts to buy U.S. previously owned homes dropped to a record low in July as higher prices and
US Pending Home Sales Plunge to Historic Low in July Read More »
WASHINGTON – The number of Americans filing new applications for jobless benefits slipped last week, but re-employment opportunities for laid-off
US Economy Shows Strength with Low Layoffs, Solid Q2 Growth Read More »
On Thursday, Fitch, the rating agency, said the U.S. fiscal profile is likely to remain largely unchanged regardless of who
Fitch Maintains US Credit Rating at ‘AA+’ with Stable Outlook Read More »
On Wednesday, the Federal Reserve Bank of Atlanta President Raphael Bostic said that with inflation down further and the unemployment
Fed’s Bostic on Rate Cuts: ‘Need to Be Sure’ Before Making a Move Read More »