Flat Rock, North Carolina, parked tractor trailer billboard with now hiring, Ingles supermarket. Jeff Greenberg | Universal Images Group | Getty ImagesPrivate sector job growth expanded in March at its fastest pace since July 2023, indicating continuing buoyance in the U.S. labor market, payrolls processing firm ADP reported Wednesday.Companies added...
Key PointsNeuberger Berman portfolio manager Steve Eisman said the Fed would be better off just staying put as the economy shows continuing signs of strength and inflation eases."Why would you cut? My actual fear is that if the Fed were actually to cut rates, the market becomes bubblicious and...
Inflation rose in line with expectations in February, likely keeping the Federal Reserve on hold before it can start considering interest rate cuts, according to a measure the central bank considers its more important barometer.The personal consumption expenditures price index excluding food and energy increased 2.8% on a 12-month...
[The stream is slated to start at 8:15 a.m. ET. Please refresh the page if you do not see a player above at that time.]The Commerce Department on Friday will release the February reading for the personal consumption expenditures price index, which the Federal Reserve considers its most important...
Stubbornly high inflation could push the Federal Reserve into a more cautious stance this year regarding interest rate cuts, the central bank's former vice chair said Friday.Richard Clarida, who served as Fed governor until January 2022 and is now a global economic advisor at asset management giant Pimco, said...
Gas prices are displayed at a gas station on March 12, 2024 in Chicago, Illinois. Scott Olson | Getty ImagesFrom consumer and wholesale prices to longer-term public expectations, inflation served up multiple reminders this week that it isn't going away anytime soon.Data across the board showed pressures increasing at faster...
A customer shops for food at a grocery store on March 12, 2024 in San Rafael, California. Justin Sullivan | Getty Images News | Getty ImagesWholesale prices accelerated at a faster than expected pace in February, another reminder that inflation remains a troublesome issue for the U.S. economy.The producer price...
Fresh chicken breasts are displayed for sale in the meat area of a Sprouts Farmers Market grocery store in Redondo Beach, California on February 23, 2024. Patrick T. Fallon | AFP | Getty ImagesInflation rose again in February, keeping the Federal Reserve on course to wait at least until the...
Shoppers are seen in a Kroger supermarket on October 14, 2022, in Atlanta, Georgia. Elijah Nouvelage | AFP | Getty ImagesRising gasoline prices likely put a floor under inflation in February, potentially reinforcing the Federal Reserve's decision to take a go-slow approach with interest rate reductions.Economists expect that prices across...
Customers shop at a Costco store on August 31, 2023 in Novato, California. According to a report by the Commerce Department, consumer spending rose 0.8% in July beating expectations of 0.7%. (Photo by Justin Sullivan/Getty Images)Justin Sullivan | Getty Images News | Getty ImagesConsumers increasingly doubt the Federal Reserve...