central bank
US job growth slowed to 175K jobs in April in possible sign of economic slowdown
US employers increased their payrolls by 175,000 in April -- a notable slowdown from the average 276,000 new jobs per month created so far this year. Last month's pace of...
Drops in commodity prices worldwide have 'hit a wall' -- that's bad news for inflation: World Bank
The days of energy and other commodities serving as a deflationary force could be nearing an end, the World Bank warned.
Get ready, the Bitcoin 'halving' is coming — and there are reasons to be bullish
For now, Bitcoin holders view this as an abstract problem to be solved at some later date. For today, they're content watching as Bitcoin, arguably the boldest financial and technology...
US inflation spikes 3.5% in March, casting further doubts on Fed's rate cuts
US inflation had another hot month in March, rising 3.5% -- the latest data point that throws doubt on whether the Federal Reserve will actually begin to cut interest rates...
US employers add surprisingly strong 303K jobs in March as unemployment ticks lower
US employers collectively increased their payrolls by a hefty 303,000 in March -- the fifth consecutive month of hotter-than-expected job gains.
Steve Cohen casts doubt on Fed's ability to get to 2% inflation target
The US economy hasn't experienced a 2% inflation reading in more than a decade.
US inflation rose 3.2% in February -- with consumer prices not falling yet during Biden's time in office
US inflation rose 3.2% in February -- yet another stubbornly high figure that won't inspire the Federal Reserve to slash interest rates this spring.
Jobs report: US payrolls surged by 275K in February, but unemployment rises in sign of slowdown
US employers increased payrolls by a surprisingly strong 275,000 in February, but the unemployment rate edged higher among other signs that the economy is slowing down. The big monthly figure...
Federal Reserve Chair Jerome Powell shoots down hopes for imminent cuts
Federal Reserve officials concluded their first two-day policy meeting of 2024 on Wednesday, when they decided to keep interest rates at their current 22-year high.
Fed's Bostic warns US progress on inflation is likely to slow
Bostic, who will be a voting member on the Federal Open Market Committee this year, said he was "expecting to see much slower progression of inflation moving forward," adding that...
Ex-China central banker accused of accepting 'massive' bribes admits to 'huge mistake'
A disgraced former Chinese central banker admitting to making a "huge mistake" after being arrested last year on suspicion of bribery.
Inflation rose higher than expected in December, putting chill on imminent Fed cuts
US inflation rose 3.4% in December, a larger-than-expected increase that could delay the prospect of three interest rate cuts the Federal Reserve plans for this year. December's Consumer Price Index...
JPMorgan CEO Jamie Dimon throws doubt on 'Goldilocks' economy, cites 'huge deficit'
JPMorgan boss Jamie Dimon warned that a so-called "Goldilocks" economy -- with growth that's not too hot or too cold -- may not save the US from a recession as...
Donald Trump hopes economy will 'crash' during 'these 12 months' as 2024 election looms
Donald Trump said he's hoping for an economic crash within the next 12 months to improve his chances of beating Joe Biden in the November presidential election.
US economy adds 216,000 jobs in December, far more than expected
US employers added a whopping 216,000 jobs in December, an unexpected increase from the month prior that caps off a resilient year for the labor market.
Federal Reserve's preferred inflation gauge rises less than expected
The Federal Reserve's preferred measure of inflation rose less than expected in November, bolstering bets that the central bank will begin cutting interest rates in 2024.
Dow closes at all-time high after Fed halts rate hikes, signals cuts
The Dow Jones Industrial Average blew past its all-time record close Wednesday, surpassing 37,000, within hours of the Federal Reserve's decision to keep interest rates steady -- and a forecast...
US inflation rose 3.1% in November, stubbornly above Fed's target
US inflation rose 3.1% in November, stubbornly above the Federal Reserve's long-term target and bolstering the case for central bankers to keep interest rates at current levels this spring. The...
US adds higher-than-expected 199,000 jobs in November
Fresh data released by the Bureau of Labor Statistics on Friday also noted that wages were up 4% compared to a year ago, to $34.10.
JPMorgan CEO warns Wall Street to prepare for a recession: 'Dangerous and inflationary'
JPMorgan chief Jamie Dimon sounded the alarm on a possible recession, warning Wall Street to prepare for the threat of rising interest rates even as inflation slows. “A lot of...