Tag: Federal Reserve

US hiring stayed solid in September as employers add 263,000!

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Washington – America’s employers slowed hiring in September, but added 263,000 jobs – a dose of encouraging news that could mean the Fed’s drive to cool the labor market and ease inflation is beginning to make headway. Friday’s government report showed job growth last month fell from 315,000 in August and the unemployment rate fell from 3.7% to 3.5%, matching its lowest level in half a century. The more moderate pace of employment in September may be welcomed by the Federal Reserve, which is trying to hold back the economy…

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Wall Street: Global markets fall sharply on worries about rates, economy!

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New York — Stocks around the world tumbled on Friday on more signs of a weakening global economy, just as central banks piled more pressure with additional interest rates hikes. The S.The P 500 is down 2.2% in early afternoon trading, adding a dismal ceiling to what has already been a difficult week. It’s almost back to its lowest point of the year, reached in mid-June, as Wall Street is still mired in a bear market. The Dow Jones Industrial Average is down nearly 20% from the record set earlier…

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Fed Rate Hike: Federal Reserve expected to raise interest rates at September meeting!

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Washington – Last month, when Federal Reserve Chairman Jerome Powell spoke at an economic conference in Jackson Hole, Wyoming, he issued a stark warning: The Fed’s campaign to curb inflation by aggressively raising interest rates, he said, would “bring some pain” to Americans. When the Federal Reserve wraps up its last meeting on Wednesday and Powell holds a press conference, Americans will likely get a better idea of ​​how much pain could be in store for them. The central bank is expected to raise its key short-term interest rate by…

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Inflation Rate: US economy will likely need drastic action from the Federal Reserve as food and shelter prices soar!

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New York City — Inflation in the US is showing signs of entering a more stubborn phase that will likely require tough action by the Federal Reserve, a shift that has panicked financial markets and raised the risks of a recession. Some of the old drivers of high inflation—rising gas prices, the hustle of supply chains, and soaring used-car prices—are fading. However, basic measures of inflation are actually getting worse. The continuing development of the forces behind the inflation rate, which is approaching its highest level in four decades, has…

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