The U.S. Federal Reserve, the central bank of the United States, lowered its benchmark interest rate by 0.25 percentage points to 4.00–4.25% on the 17th. This marks the first rate cut in nine months ...
Oct. 29 (UPI) --Fed Chair Jerome Powell announced Wednesday that the Federal Reserve is cutting the overnight lending rate by a quarter of a percentage point, bringing the benchmark rate to 3.75% to 4 ...
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US labor market cools as unemployment hits four-year high
The U.S. labor market continues to cool. Above all, the unemployment rate has reached its highest level in four years, raising concerns about the health of the labor market. Immediately after the ...
U.S. job growth likely rebounded in November following an anticipated decline in nonfarm payrolls in October because of federal government cost-cutting, economists predicted, still consistent with a ...
The number of Americans applying for unemployment benefits fell last week and remain at historically healthy levels despite some signs that the labor market is weakening ...
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