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Lack of jobs data due to government shutdown muddies the outlook for hiring and the economy
The government shutdown has delayed September’s jobs report, forcing economists and the Fed to rely on private data to gauge hiring trends.
30-year mortgage rate rises to 6.34% after recent lows
WASHINGTON (AP) — The average rate on a 30-year U.S. mortgage ticked up for the second straight week following a string of declines that had brought down home borrowing costs to their lowest level in nearly a year. The average long-term mortgage rate rose this week to 6.34% from 6.3% last week, mortgage buyer Freddie […]
With the US government dark, alternate sources show a sluggish September for jobs
With official data delayed by the shutdown, alternate reports show a stagnant U.S. job market and support for another Fed rate cut.
Shutdown halts key economic data as Fed weighs rate cuts
The government shutdown delays jobs and inflation reports, leaving the Fed with less data as it considers more rate cuts.
Supreme court lets Lisa Cook stay on Fed board for now
The Supreme Court allows Lisa Cook to remain on the Fed board while Trump’s effort to fire her heads to arguments in January.
Wall Street yawns at DC’s looming shutdown as US stocks head toward another winning month
U.S. stocks inched higher Tuesday, with the S&P 500 on track for a fifth straight winning month despite looming government shutdown risks.
US consumer confidence falls on inflation, weak jobs
Job openings stayed at 7.23M in August as hiring slowed. Layoffs eased but quits fell amid Fed cuts, trade tensions, and shutdown risk.
US job openings barely budged in August at 7.2 million
Job openings stayed at 7.23M in August as hiring slowed. Layoffs eased but quits fell amid Fed cuts, trade tensions, and shutdown risk.
Wall Street rises as tech stocks rebound ahead of jobs data
NEW YORK (AP) — Wall Street ticked higher on Monday as technology stocks recovered some of their losses from late last week. The S&P 500 added 0.3%. The Dow Jones Industrial Average rose 68 points, or 0.1%, and the Nasdaq composite climbed 0.5%. All three are near their all-time highs set a week ago. Big Tech stocks ticked […]
Dollar set for second straight week of gains after data shows US economic resilience
NEW YORK (Reuters) -The dollar edged lower but was still on track for the second straight week of gains against major peers on Friday after data continued to show U.S. economic resilience, which might complicate the Federal Reserve‘s efforts to cut interest rates. The dollar was down 0.1% to 149.65 against the Japanese yen, on […]
30-year U.S. mortgage rate edges up to 6.3%
The average 30-year U.S. mortgage rate rose to 6.3%, ending a four-week decline, according to Freddie Mac.
Powell signals Federal Reserve to move slowly on interest rate cuts
Fed Chair Jerome Powell signaled caution on more rate cuts, diverging from Trump-appointed officials pushing for faster, deeper reductions.
