WASHINGTON – Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead even as he sees progress in the fight against inflation as largely inadequate. Echoing recent statements from other … Read more
Stock futures rose on Friday, cutting losses for the week, as August’s jobs report came in about as expected, cooling fears that a much hotter labor market would give the Federal Reserve leeway to get more aggressive … Read more
Initial jobless claims hit their highest level since mid-November last week, the latest sign that a historically tight labor market is beginning to slow, according to Labor Department data released Thursday. Claims totaled 251,000 for the week … Read more
Just days after we reported that “Real-Time Indicators Show The Labor Market Just Cratered“, suggesting that the last pillar propping up the US economy (with GDP now just 0.9% away from a full-blown technical recession) … Read more