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.
Chicago Federal Reserve President Austan Goolsbee on Thursday reiterated his support for further interest rate cuts and his openness to […]
Fed’s Goolsbee: Rate Cuts Should Continue, But Slowly Read More »
WASHINGTON – U.S. mortgage rates increased to a four-month high this week, which together with higher home prices could sideline
WASHINGTON – The number of Americans filing new applications for unemployment benefits fell to a seven-month low last week, suggesting
US Weekly Jobless Claims at Seven-Month Low; Home Resales Rebound in October Read More »
Federal Reserve Bank of New York President John Williams sees inflation cooling and interest rates falling further, he told Barron’s
The U.S. is more vulnerable to inflationary shocks than in the past, Federal Reserve Bank of Richmond President Tom Barkin
Fed’s Barkin Says US is Vulnerable to Inflation Shocks, FT Reports Read More »
NEW YORK – Federal Reserve Bank of Boston President Susan Collins reiterated on Wednesday she believes the U.S. central bank
Fed’s Collins Sees More Rate Cuts Ahead as Economy Stabilizes Read More »
On Wednesday, Michelle Bowman, the Federal Reserve Governor, among the U.S. central bank’s most hawkish policymakers, called for a cautious
Fed’s Bowman Calls for Deliberate Approach on Interest Rates Read More »
CHARLOTTESVILLE, Virginia – On Wednesday, two Federal Reserve governors laid out competing visions of where U.S. monetary policy may be
Fed Governors Offer Conflicting Views on Inflation Risk Read More »
On Wednesday, Michelle Bowman, the Federal Reserve Governor, expressed discomfort with the U.S. central bank cutting interest rates while inflation
Fed’s Bowman Voices Concern Over Rate Cuts with Inflation Above 2% Goal Read More »
WASHINGTON – U.S. single-family homebuilding tumbled in October likely as Hurricanes Helene and Milton depressed activity in the South while
US Single-Family Housing Starts Slump; High Mortgage Rates Remain a Challenge Read More »
WASHINGTON – It remains uncertain how far interest rates can fall, though the initial reductions made by the U.S. central
Fed’s Schmid: Uncertainty Remains Over How Far Interest Rates Can Fall Read More »
WASHINGTON – Employment dropped considerably in Washington State and Florida in October, suggesting that a strike by factory workers at
Hurricanes, Boeing Strike Likely Cut At Least 100,000 Jobs from US Payrolls in October Read More »
U.S. homebuilder sentiment rose to a seven-month high in November and expectations for sales in the next six months surged
US Homebuilder Confidence at 7-Month High in November: Survey Read More »
SAN FRANCISCO – A tight U.S. labor market is still adding to inflationary pressures, though less so than it did
US Labor Market Still Contributing to Inflation, San Francisco Fed Economists Say Read More »
The U.S. Federal Reserve is no longer expected to cut interest rates at its December policy meeting, Nomura has said,
Nomura Expects Fed to Pause Rate-Cut Cycle in December Read More »
Federal Reserve Bank of Boston President Susan Collins said in an interview with the Wall Street Journal that another rate
Boston Fed President Says December Rate Cut Not a ‘Done Deal’, WSJ Reports Read More »
A look at the day ahead in U.S. and global markets. Faced with another monthly round of stubborn inflation and
Morning Bid: Fed Draws Veil Over Post-Election Easing Read More »
On Thursday, Federal Reserve Chair Jerome Powell said the U.S. central bank has time before it needs to adapt its
Fed to Take ‘Wait and See’ Approach on Trump’s Economic Agenda, Powell Says Read More »
DALLAS – Ongoing economic growth, a solid job market, and inflation that remains above the 2% target mean the U.S.
Powell: No Need for Fed to Rush Rate Cuts Given Strong Economy Read More »
WASHINGTON – High union wage settlements and the possibility of coming tariff increases are among the uncertainties that could make
WASHINGTON – U.S. producer prices picked up in October, lifted by higher costs for services like portfolio management and airline
Rising US Producer Prices Add to Signs of Waning Disinflation Read More »
NEW YORK – Federal Reserve governor Adriana Kugler said Thursday the central bank has made considerable progress in working to
Fed’s Kugler: Central Bank Has Made Good Progress Toward Achieving Mandates Read More »
WASHINGTON – The number of Americans filing new applications for unemployment benefits fell last week, suggesting the labor market continued
US Weekly Jobless Claims Fall; Unemployment Rolls Shrink Read More »
A look at the day ahead in U.S. and global markets. The dollar is forging ahead again, heading for its
Morning Bid: A Twist in the U.S.’s Inflation Tale? Read More »
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