Interest rates
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Business
US labor market added 142,000 jobs in August, fewer than expected
The American labor market weakened last month as employers added just 142,000 jobs in August — well below analyst estimates…
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Business
The Fed is finally about to start cutting rates — and here’s why you shouldn’t care
So it looks like the Fed will finally cut rates in September. But by how much? And is it too…
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Business
Dow soars over 400 points as Wall Street cheers Fed rate cuts are on the way
Stocks rallied on Friday as dovish remarks from Federal Reserve Chair Jerome Powell solidified expectations that the central bank will cut…
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Business
Most Federal Reserve officials ready to cut rates in September if inflation keeps cooling
Most Federal Reserve officials agreed last month that they would likely cut their benchmark interest rate at their next meeting…
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Business
New-home construction slumps for 5th straight month
US single-family homebuilding dropped to near a 1-1/2-year low in July due in part to Hurricane Beryl’s disruption of activity,…
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Business
Mortgage rates fall to 6.47%, lowest level in more than a year, as Fed cut looms
Mortgage rates fell to their lowest level in more than a year in a welcome sign for the beleaguered housing…
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Business
‘Too much pressure on the brakes’
US central bankers may be having second thoughts about their decision earlier this week to hold borrowing costs steady, after a…
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Business
US should raise taxes, wait until late 2024 to cut rates: IMF
The International Monetary Fund on Thursday said the Federal Reserve should not cut interest rates until “late 2024” and the…
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Business
Top Fed officials signal possible rate cut as inflation cools
Two top Federal Reserve officials signaled that the central bank may cut interest rates later this year as inflation has…
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Business
Fed Chair Powell condemns assassination attempt on Trump
Federal Reserve Chair Jerome Powell on Monday said he was grateful the injuries that former President Donald Trump suffered during…
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