U.S. job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1% as the labor market ended the year on a solid footing, reinforcing views that the Federal Reserve would keep interest rates unchanged this month.
President-elect Trump's pick for Treasury secretary, Scott Bessent, has said Federal Reserve Chair Jerome Powell will be allowed to finish his term. The Labor Department released new inflation ...
The U.S. labor market added 256,000 jobs in December, a strong showing at the end of 2024, as the labor market revved up toward the end of the year. The unemployment rate also improved, according to data released Friday by the Bureau of Labor Statistics,
a trend that could lessen the chance that the Federal Reserve will cut its key interest rate much this year. On Wednesday the Labor Department is expected to report that in December the consumer ...
A strong labor market isn’t enough to win elections. That reality could shape how the government responds to the next economic downturn.
Joe Biden's top economic adviser opens up on harrowing moments from her time in the White House, and what makes her nervous about the Trump agenda.
Janet L. Yellen, the outgoing Treasury secretary, urged lawmakers to raise the debt limit and protect the full faith and credit of the United States.
As the Federal Reserve’s premeeting blackout period begins, it is a good moment for a look at how Fedspeak and economic data have shifted forward expectations about the central bank’s next moves.
Inflation is still there, according to the December Consumer Price Index (CPI) report, with the annual rate marginally increasing to 2.9%. With economic uncertainty looming, concerns have been raised regarding the Federal Reserve’s interest rate policy as core inflation,
Federal employees and others in the capital have grown attached to work-from-home arrangements. But hybrid work may disappear in the second Trump era.
On a high note, the U.S. job market ended 2024, adding 256,000 jobs in December and pushing the unemployment rate down to 4.1%. This unexpected surge in hiring exceeded forecasts and showed the labor market’s resilience despite recent disruptions like strikes and storms.
Inflation has been around since the days of Alexander the Great and it's not showing any signs of going away. In combating this pesky problem, the Federal Reserve uses interest rates as a primary tool to control inflation.