Powell says high rates threaten growth
Traders work on the floor of the New York Stock Exchange (NYSE) on February 27, 2023 in New York City. Spencer Platt | Getty Images This report is from today’s …
Breaking News: Economy
Rachel Reeves announces growth measures
Britain’s Chancellor of the Exchequer Rachel Reeves delivers a speech at the Treasury, to an audience of leading business figures and senior stakeholders, announcing the first steps the new Labour …
Here’s where the jobs are for June — in one chart
The breakdown of the June jobs report suggests that growth has become increasingly uneven as the labor market shows signs of softening. U.S. nonfarm payrolls grew by 206,000 in June, …
10-year Treasury yield falls after unemployment rate rises
Treasury yields dropped on Friday as the latest U.S. jobs report showed an unexpected rise in the unemployment rate. The yield on the 10-year Treasury fell more than 6 basis …
Goldman Sachs upgrades UK growth forecast after Labour election win
Skyline view of the City of London financial district. Mike Kemp | In Pictures | Getty Images LONDON — Goldman Sachs on Friday upgraded its growth forecast for the U.K. …
Germany seals 2025 budget plan after tense negotiations
German Chancellor Olaf Scholz smiles during a question time on July 3, 2024 at the Bundestag (lower house of parliament) in Berlin. Ralf Hirschberger | Afp | Getty Images German …
FOMC not ready to cut rates until ‘greater confidence’ inflation is moving to 2% goal
Federal Reserve officials at their June meeting indicated that inflation is moving in the right direction but not quickly enough for them to lower interest rates, minutes released Wednesday showed. …
Is inflation Biden’s or Trump’s fault? The answer isn’t so simple
President Joe Biden and former President Donald Trump faced off in the first presidential debate of the 2024 campaign on June 27, 2024 in Atlanta. Andrew Harnik | Getty Images …
Private payrolls grew by just 150,000 in June, less than expected
A “Now Hiring” sign is seen at a FedEx location on Broadway on June 07, 2024 in New York City. Michael M. Santiago | Getty Images Private payroll growth edged …
ECB’s De Guindos discusses Le Pen’s fiscal rules
French markets will be “upset” if the country’s new government does not adhere to the European Central Bank’s new fiscal rules, Luis de Guindos, the institution’s vice president, said on …