US job growth stalled in August while unemployment crept up to its highest level since 2021, in a closely watched report Friday after weak data earlier prompted President Donald Trump to fire a key economic official.
From
To
Weak US jobs data cemented expectations of an interest rate cut later this month on Friday but stocks slid on worries about the economic outlook and profit-taking.
Donald Trump's pick to join the Federal Reserve's board of governors said Thursday that he plans to take a leave of absence from his White House job while at the US central bank -- but vowed to uphold its independence.
Cash-strapped and in dire need of 30,000 naira (about $20), Mariam Ogundairo turned to a loan app, downloading it and registering her phone number.Â
Britain's finance minister Rachel Reeves on Wednesday promised to keep a "tight grip" on public spending as interest rates soar on the UK's long-term debt, and set November 26 for her annual budget speech.
Mortgage rates are likely to remain mostly unchanged in the first half of September. After that, the direction of mortgage rates depends on what the Federal Reserve does at its two-day meeting ending Sept. 17.If the Fed cuts short-term interest rates at the meeting, then mortgage rates should stay about the same or drop a...
Stock markets fell Friday, with Wall Street indexes retreating from record highs as a key US inflation reading accelerated, lowering the possibility of sustained interest rate cuts in the coming months.
Major US indices bounced back as investors jumped on an equity market pullback late last week
Most stock markets bounced on Monday on hopes of US interest rate cuts after weak jobs figures raised concerns about the world's top economy.
The massive miss on jobs creation fanned fears about the US economy
