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.
NEW YORK – On Thursday, Kansas City Federal Reserve President Jeff Schmid signaled a reluctance to cut interest rates again […]
Fed’s Schmid Says Central Bank ‘Near’ Neutral Interest Rate Level Read More »
On Thursday, Federal Reserve Governor Michelle Bowman said she supported last month’s interest-rate cut as the “final step” in the
Fed’s Bowman: Supported December Rate Cut as ‘Final’ Recalibration Step Read More »
NEW YORK – On Thursday, Philadelphia Federal Reserve President Patrick Harker said he still expects the U.S. central bank to
Fed’s Harker Still Expects Rate Cuts but Says Imminent Move Not Needed Read More »
NEW YORK—Federal Reserve Bank of Boston President Susan Collins said Thursday that significant uncertainty over the outlook calls for the
Fed’s Collins Says Now is Time for Patient, Gradual Approach to Rate Cuts Read More »
WASHINGTON—U.S. mortgage rates increased to a fresh six-month high this week, a trend that, together with elevated house prices, could
US 30-Year Fixed-Rate Mortgage Rate Hovers Just Under 7% Read More »
WASHINGTON – Hiring announcements by U.S. employers last year were the lowest since 2015, a report showed on Thursday, confirming
US Hiring Announcements in 2024 Lowest in Nine Years Read More »
WASHINGTON – U.S. wholesale inventories fell 0.2% in November, as initially estimated last month, amid sharp declines in stocks of
Drop in US Wholesale Inventories in November Unrevised at 0.2% Read More »
WASHINGTON – U.S. private payrolls growth slowed sharply in December, the ADP National Employment Report showed on Wednesday. Private payrolls
US Private Payrolls Growth Slows in December Read More »
WASHINGTON – The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing
US Weekly Jobless Claims at 11-Month Low Amid Labor Market Stability Read More »
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