#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Less than six months ago, Federal Reserve officials were wringing their hands about the state of the labor market. No major cracks had emerged, but monthly jobs growth had slowed and the unemployment rate was steadily ticking higher. In a bid to preserve…
#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines The Bank of England cut interest rates on Thursday for the third time in about six months, amid signs of weak economic growth in Britain and an unexpected slowdown in inflation. Policymakers cut the key rate a quarter point to 4.5 percent as…
#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines The European Central Bank cut interest rates on Thursday, for the fifth consecutive time, amid slowing growth in the region’s economy. Policymakers lowered the bank’s key rate a quarter point to 2.75 percent as inflation remained relatively close to their 2 percent target….
#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines The Federal Reserve is set to stand pat at its first gathering of 2025, pressing pause on interest rate cuts as policymakers take stock of how the world’s largest economy is faring. After lowering interest rates by a full percentage point last year…
#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines In a number of ways, Japan’s economy seems to have gone back in time. Inflation and wage growth are mostly back where they were in the early 1990s, just before the spiral of price deflation and economic stagnation that became known as “the…
#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines The S&P 500 clambered back to a record high on Thursday, inching above a peak reached in early December, after a rally that began with easing inflation concerns tipped over the threshold as President Donald J. Trump reiterated his commitment to bring down…
#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Consumer prices rose more quickly in December, the latest sign that the Federal Reserve’s fight against inflation may have stalled. The Consumer Price Index rose 0.4 percent from November, and was up 2.9 percent from a year earlier, the Labor Department said on…
#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Federal Reserve officials cut interest rates as expected last month. But minutes from their December meeting suggest that the decision was a close call — and that there is no guarantee policymakers will lower rates again anytime soon. The minutes of the central…
Sales of new US single-family homes dropped to the lowest level in nearly two years in October, likely as a rise in mortgage rates drove buyers to the sidelines and hurricanes disrupted activity. New home sales plunged 17.3% to a seasonally adjusted annual rate of 610,000 units last month, the lowest level since December 2022,…
A top Federal Reserve official warned Friday that the central bank risks prematurely declaring victory over inflation with its vote for a jumbo interest rate cut. Fed Governor Michelle Bowman was the sole dissented voice on the Federal Open Market Committee in its 11-1 decision to slash rate by 50…
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