Tag: US economy
AI Begins to Slow U.S. Job Market as Economy Stalls
The latest Federal Reserve Beige Book, released on Wednesday, shows that the U.S. economy remained largely unchanged even as consumer spending continued to ease...
U.S. Retail Sales Grow Below Expectations in September
U.S. retail sales rose more slowly than expected in September, suggesting that consumers may be becoming more cautious amid a cooling labor market and...
U.S. Consumer Confidence Takes a Sharp Hit in November
U.S. consumer confidence fell in November as many households grew more concerned about job security and their overall financial situation. The recently ended government...
Wall Street Divided on December Fed Rate Cut After Jobs Report
Wall Street remains divided on whether the Federal Reserve will cut interest rates in December. The split follows Thursday’s September jobs report, which showed...
U.S. Job Growth Strengthens in September Even as Unemployment Rises to...
U.S. job growth picked up in September, but the unemployment rate rose to 4.4%, the highest level in four years. Meanwhile, the economy lost...
Fed Chair Succession Debate Intensifies as Trump Increases Pressure on Powell
President Donald Trump intensified his criticism of Federal Reserve Chair Jerome Powell on Wednesday, putting the spotlight on the future of the central bank’s...
Morgan Stanley Scraps December Rate-Cut Forecast After Strong U.S. Jobs Data
Morgan Stanley has withdrawn its call for a quarter-point Federal Reserve rate cut in December. The change came after September’s stronger-than-expected jobs report pointed...
IMF Warns of Rising Pressure on U.S. Economy as Q4 Slows
The International Monetary Fund (IMF) says it is seeing growing signs of strain in the U.S. economy. Fourth-quarter growth is now expected to come...
Retail Job Postings Dip Ahead of Holiday Season
Retail-related job postings fell sharply in October, according to the Indeed Hiring Lab. Openings in hospitality, retail shops, and food services were down 16%...
U.S. Shutdown Breakthrough in Senate
Senate Compromise Paves Way to End Longest U.S. Government Shutdown
The longest government shutdown in U.S. history may finally come to an end this week...
