Job seekers attends the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena on June 26, 2024 in Sunrise, Florida. Joe Raedle | Getty ImagesIn another sign of cracks forming in the U.S. labor market, a New York Federal Reserve survey Monday showed a slide in people reporting...
The past week's data deluge left behind a few distinct impressions: Inflation is on the run, the labor market appears to be OK if no longer on fire, and the economy is not headed off a cliff despite the ever-lingering potential for a substantial slowdown. That's the backdrop for...
An H&M store is seen in Herald Square on July 01, 2024 in New York City. Michael M. Santiago | Getty ImagesConsumer spending held up even better than expected in July as inflation pressures showed more signs of easing, the Commerce Department reported Thursday.Advanced retail sales accelerated 1% on the...
Signs reading, 'please bear with us: we are currently experiencing interruptions in our supply chain which may affect the availability of certain products,' is seen taped to the drive-up menu at a Wendy's restaurant on May 06, 2020 in Miami, Florida. Joe Raedle | Getty Images News | Getty ImagesInflation...
Product prices as seen at Walmart. Courtesy: WalmartThe news Tuesday was good for inflation, and investors hope it will get even better Wednesday when the Labor Department releases the July consumer price index report.With the score being one down, one to go on confirming that the early-year jump in prices...
A key measure of wholesale inflation rose less than expected in July, opening the door further for the Federal Reserve to start lowering interest rates.The producer price index, which measures selling prices that producers get for goods and services, increased 0.1% on the month, the Labor Department's Bureau of...
People shop at a grocery store in Brooklyn on July 11, 2024 in New York City.Spencer Platt | Getty ImagesConsumers grew more confident in July that inflation will be less of a problem in the coming years, according to a New York Federal Reserve report Monday that showed the...
Jeremy SiegelScott Mlyn | CNBC Wharton School Professor Jeremy Siegel no longer thinks it's vital for the Federal Reserve to implement an emergency interest rate reduction, but still wants policymakers to cut quickly and aggressively.Siegel caused a stir Monday when he told CNBC that Fed Chair Jerome Powell and...
Republican presidential candidate former President Donald Trump speaks during a press conference at his Mar-a-Lago estate on August 08, 2024, in Palm Beach, Florida. Joe Raedle | Getty ImagesRepublican presidential nominee Donald Trump on Thursday said that he should have a voice when the Federal Reserve makes its decisions on...
Initial claims for unemployment insurance totaled less than expected last week, countering other signs that the labor market is weakening.First-time filings for jobless benefits came to a seasonally adjusted 233,000 for the week, a decline of 17,000 from the previous week's upwardly revised level and lower than the Dow...