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WASHINGTON – The U.S. government posted a $367 billion budget deficit for November, up 17% from a year earlier, as […]
US Budget Deficit Jumps to $367 Billion in November on Calendar Payment Shifts Read More »
WASHINGTON – U.S. consumer prices increased in November by the most in seven months, but the Federal Reserve was still
US Consumer Prices Post Largest Rise in Seven Months; Rents Finally Slowing Read More »
WASHINGTON – On Tuesday, U.S. Treasury Secretary Janet Yellen said she was worried that President-elect Donald Trump’s plans to levy
Yellen Says Trump’s Tariffs Could Derail US Inflation Progress and Raise Costs Read More »
BENGALURU – The U.S. Federal Reserve will cut interest rates by 25 basis points on December 18, according to 90%
Federal Reserve to Cut Rates by 25 bps on Dec. 18, Pause in January – Reuters poll Read More »
WASHINGTON – U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still
Sharp Downgrades to US Unit Labor Costs Bode Well for Inflation Outlook Read More »
WASHINGTON – U.S. small-business confidence surged to the highest level in nearly 3.5 years in November amid post-election euphoria. On
US Small Business Sentiment Nears 3-1/2-Year High in November Read More »
NEW YORK – The United States’ busy ports kicked activity up a notch in November and December when inbound cargo
US Importers to Accelerate Shipments to Record Levels Amid Tariff and Strike Threats Read More »
Citigroup, previously the only Wall Street brokerage forecasting a 50 basis point rate cut by the U.S. Federal Reserve, has
Citigroup Joins Wall Street Peers in Forecasting 25 bps Rate Cut by Fed in December Read More »
WASHINGTON – U.S. wholesale inventories rebounded moderately in October amid a small rise in stocks of long-lasting manufactured goods. The
US Wholesale Inventories Rebound Marginally in October Read More »
U.S. consumers were bracing last month for higher levels of inflation in coming years even as they marked up expectations
US Consumers Expect Higher Inflation but Improved Economy, Says New York Fed Read More »
On Friday, Michelle Bowman, the Federal Reserve Governor, said that inflation risks to the economy remain real and labor market
Fed’s Bowman: Inflation Risks Demand a Cautious Approach to Rate Cuts Read More »
In her first major policy speech, Federal Reserve Bank of Cleveland President Beth Hammack said on Friday she’s keeping her
Fed’s Hammack: Time to Slow Rate Cuts May Have Arrived Read More »
CHICAGO/PALO ALTO, California – Federal Reserve officials appear on track to cut interest rates this month after data showed the
Fed Seen Poised to Cut Rates This Month, Debate 2025 Pause Read More »
CHICAGO – Chicago Federal Reserve president Austan Goolsbee said that economic conditions will determine how fast the Federal Reserve cuts
Fed’s Goolsbee Hopes Neutral Can Be in Sight by Late Next Year Read More »
WASHINGTON – U.S. job growth surged in November after being severely hindered by hurricanes and strikes. However, a rise in
US Job Growth Up in November as Boeing Workers Return, Hurricanes Over Read More »
WASHINGTON – Annual benchmark revisions to U.S. nonfarm payrolls are likely to show the economy added about 668,000 fewer jobs
Import tariffs during President-elect Donald Trump’s first term broadly lowered stock values on the day they were unveiled and were
Tariffs Under First Trump Term Hurt US Firms, NY Fed Analysis Says Read More »
WASHINGTON – The number of Americans filing new applications for unemployment benefits rose slightly last week, pointing to steadily easing
US Weekly Jobless Claims Edge Up; Falling Imports Compress Trade Deficit Read More »
WASHINGTON – The U.S. trade deficit contracted sharply in October as imports declined by the most since late 2022, potentially
U.S. economic activity has expanded slightly in most regions since early October, with employment growth “subdued” and inflation rising at
US Economy Grew Slightly in Recent Weeks, Fed Survey Says Read More »
NEW YORK – St. Louis Federal Reserve President Alberto Musalem said on Wednesday he expects the U.S. central bank will
WASHINGTON – New orders for U.S.-manufactured goods rebounded marginally in October while business spending on equipment appeared to have softened
NEW YORK – On Wednesday, U.S. Federal Reserve Chair Jerome Powell said the economy is stronger now than the central
Powell: Fed Can Afford to be a Little More Cautious Read More »
WASHINGTON – U.S. services sector activity slowed in November after posting big gains in recent months but remained above levels
US Services Sector Cools in November; Prices Stay High Read More »
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