Private payrolls growth was less than expected in November, reflecting a slowing labor market, according to a report Wednesday from ADP.Companies added 146,000 on the month, below the downwardly revised 184,000 in October and less than the Dow Jones estimate for 163,000.Education and health services led job creation, adding...
Andrew Bailey, governor of the Bank of England, at the central bank's headquarters in the City of London, U.K., on Nov. 29, 2024. Hollie Adams | Bloomberg | Getty ImagesBank of England Governor Andrew Bailey on Wednesday signaled that the U.K. could be on track for four interest rate cuts...
A pedestrian crosses a flooded street following heavy rainfall in Paris on October 17, 2024.Joel Saget | Afp | Getty ImagesFrench lawmakers will hold a no-confidence vote in the fragile minority government of Prime Minister Michel Barnier on Wednesday, as economists warn the political stalemate likely to ensue will...
Available jobs rose in October while hiring fell during a month in which payrolls growth hit its lowest level in nearly four years, the Bureau of Labor Statistics reported Tuesday.Job openings totaled 7.74 million on the month, up 372,000 from September and more than the Dow Jones estimate for...
Federal Reserve Governor Christopher Waller speaks during The Clearing House Annual Conference in New York City on Nov. 12, 2024.Brendan Mcdermid | ReutersFederal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change...
Construction workers in Mumbai, India, on June 5, 2024. Bloomberg | Bloomberg | Getty ImagesIndia's economy expanded by just 5.4% in its second fiscal quarter ending September, well below estimates by economists and close to a two-year low.The print follows 6.7% growth over the previous quarter and is the lowest reading since...
The stalls at the 590th Dresden Striezelmarkt are brightly lit at the opening.Sebastian Kahnert | Picture Alliance | Getty ImagesAnnual euro zone inflation rose to 2.3% in November, statistics agency Eurostat said Friday, climbing back above the European Central Bank's 2% target.Economists polled by Reuters had expected the 2.3%...
Can artificial intelligence be so transformative as to solve one of the U.S. economy's biggest problems: its skyrocketing fiscal deficit? According to three economists at the Brookings Institution, the answer is yes — AI could prove a positive "critical shock" for the country's fiscal health. A working paper released last...
Inflation edged higher in October as the Federal Reserve is looking for clues on how much it should lower interest rates, the Commerce Department reported Wednesday.The personal consumption expenditures price index, a broad measure that the Fed prefers as its inflation gauge, increased 0.2% on the month and showed...
President-elect Donald Trump speaks at the U.S.-Mexico border on August 22, 2024 south of Sierra Vista, Arizona. Rebecca Noble | Getty Images News | Getty ImagesThe latest tariff proposal from President-elect Donald Trump would likely put upward pressure on inflation in the United States, according to Goldman Sachs.On Monday, Trump...