Surprising Dec US Payrolls Jump Supports Longer Fed Pause
(Reuters) - U.S. job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1% from November's 4.2% as the labor market ended 2024 on a solid footing, reinforcing the Federal Reserve's cautious approach to interest rate cuts this year.
Strong December Jobs Report Kills Chances Of A January Fed Rate Cut
Before the strong December jobs report was released, the odds were already low for an interest rate cut in the next Federal Reserve decision on January 29.
US Fed's December rate cut should be its last for now: official
The US Federal Reserve should proceed cautiously before supporting any future rate cuts, a senior bank official said Thursday, adding that she saw December's rate cut as a final step
Fed's Bowman: supported Dec. rate cut as 'final' recalibration step
Federal Reserve Governor Michelle Bowman on Thursday said she supported last month's interest-rate cut as the "final step" in the U.S. central bank's monetary policy recalibration, with rising inflation risks dictating a cautious approach ahead.
Fed’s Bowman Sees Rate Cuts on Pause Until Inflation Declines Again
Federal Reserve Governor Michelle Bowman considers interest rates on hold for the time being until the data shows inflation has resumed its downward trend. Bowman was the lone dissenter on the FOMC’s September decision to lower the federal-funds rate by half a percentage point,
Fed Governor Bowman says December interest rate cut should be the last
Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but said the December reduction should be the "final step" in the easing process. Even with the full percentage points of cuts from September through December,
Fed's Bowman on rate cuts: “I continue to prefer a cautious and gradual approach'
Federal Reserve Governor Michelle Bowman said Thursday she still supports "a cautious and gradual approach" to interest-rate reductions, citing stalled progress on lowering inflation. “The rate of inflation declined significantly in 2023,
China's Dec exports likely gained momentum ahead of tariff uncertainty
China's exports probably expanded at a faster pace in December, suggesting producers raced to move inventory to major markets ...
5 things to know for Dec. 30: Jimmy Carter, worker visa feud, South Korea plane crash, severe weather, gas prices
It’s been a historic year with a set of news events that triggered feelings of despair, but also hope and resilience. Take a moment to view CNN’s Year in Pictures for a look at some of the most ...
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Today's Wordle Hints, Answer and Help for Dec. 30, #1290
Here's today's Wordle answer, plus a look at spoiler-free hints and past solutions. These clues will help you solve The New ...
DEC lifts drought warning across New York
The state Department of Environmental Conservation on Friday updated drought conditions across the state, returning all 62 New York counties to “normal” status. In cooperation with the state’s Drought ...
Alabama vs. Michigan prediction, odds, line: 2024 ReliaQuest Bowl picks, Dec. 31 best bets from proven model
SportsLine's model just revealed its college football picks for the Michigan Wolverines vs. Alabama Crimson Tide in the ...
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Today's NYT Connections Hints, Answers and Help for Dec. 30, #568
Here's today's Connections answer and hints for groups. These clues will help you solve New York Times' popular puzzle game, ...
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New York DEC lifts statewide drought watch
The State has lifted the drought watch across all 62 counties, including New York City, marking a return to “Normal” ...
10 most expensive homes sold in Essex County, Dec. 30 - Jan. 5
A house in Montclair that sold for $2.9 million tops the list of the most expensive residential real estate sales in Essex ...