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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.
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.
US mortgage rates fall as Fed cuts interest rates
U.S. mortgage rates fell for a third week, with 30-year loans at 6.26%, as the Fed cut rates and signaled more reductions ahead in 2025.
Trump asks Supreme Court to remove fed governor Lisa Cook
The Trump administration asked the Supreme Court to oust Fed Governor Lisa Cook, an unprecedented move to reshape the central bank’s independent board.
US jobless claims drop after hitting 4-year high
U.S. jobless claims fell by 33,000 to 231,000 after spiking to a nearly 4-year high, as weak labor data drives Fed interest rate cuts.
Federal Reserve cuts key rate for first time this year
WASHINGTON (AP) — The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market. The move is the Fed’s first cut since December and it lowered its short-term rate […]
Retail sales up 0.6% in August from July even as tariffs hurt jobs and lead to price hikes
Retail sales rose 0.6% in August, boosted by back-to-school shopping, despite tariffs beginning to raise prices and pressure the job market.
US household income rose slightly last year, roughly matching 2019 level
Census data shows median U.S. household income stalled in 2024, with inflation offsetting wage gains and widening the income gap.
Wall Street sinks as US stocks fall toward their worst day in a month
U.S. stocks fell Friday, with the S&P 500 down 0.7% after record highs. August still marks its fourth straight month of gains.
Key US inflation gauge holds mostly steady though core inflation ticks higher
The Fed’s preferred inflation gauge held at 2.6% in July, though core inflation ticked up, keeping rates steady despite Trump’s tariffs.
U.S. consumer confidence dips in August on job worries
Americans’ confidence in the economy slipped in August as job market concerns rose, with the index falling to 97.4 from 98.7 in July.
Trump says he’s firing Fed Governor Lisa Cook, opening new front in fight for central bank control
Trump moved to oust Fed Governor Lisa Cook, citing fraud claims. Cook rejected the move, saying the president has no authority to remove her.
