Economy

Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Tuesday, July 9, 2024. Bloomberg | Bloomberg | Getty Images Markets now firmly expect a September interest rate cut in the U.S., but the Federal Reserve has a strong reason to hold

A measure of wholesale prices rose more than expected in June as Wall Street assesses when the Federal Reserve will feel comfortable cutting interest rates. The producer price index climbed 0.2% last month, the Labor Department’s Bureau of Labor Statistics reported Friday. Economists surveyed by Dow Jones were expecting a 0.1% increase for the index.

City of London skyline on 10th June 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known as the Square Mile.

The monthly inflation rate dipped in June for the first time in more than four years, providing further cover for the Federal Reserve to start lowering interest rates later this year. The consumer price index, a broad measure of costs for goods and services across the U.S. economy, declined 0.1% from May, putting the 12-month

An Aldi supermarket in Alhambra, California, on June 27, 2024. Eric Thayer | Bloomberg | Getty Images A widely anticipated inflation report on Thursday may solidify expectations for the Federal Reserve to cut interest rates in coming months. The consumer price index, or CPI, report for June is due out at 8:30 a.m. ET. Recent

Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Tuesday, July 9, 2024. Tierney L. Cross | Bloomberg | Getty Images Federal Reserve Chair Jerome Powell on Tuesday expressed concern that holding interest rates too high for too long could jeopardize

Job seekers attends the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena on June 26, 2024 in Sunrise, Florida.  Joe Raedle | Getty Images The U.S. economy again added slightly more jobs than expected in June though the unemployment rate increased, the Labor Department reported Friday. Nonfarm payrolls increased by 206,000 for

The breakdown of the June jobs report suggests that growth has become increasingly uneven as the labor market shows signs of softening. U.S. nonfarm payrolls grew by 206,000 in June, according to the Labor Department, but the job gains were narrow. Health care and social assistance added 82,400 jobs, while government increased by 70,000 positions.

Job seekers attends the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena on June 26, 2024 in Sunrise, Florida.  Joe Raedle | Getty Images The unemployment rate for women in the white, Black and Hispanic racial groups rose in June in line with the overall trend, according to data released Friday by

Job seekers attends the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena on June 26, 2024 in Sunrise, Florida.  Joe Raedle | Getty Images With signs building that the labor market is at least slowing if not something worse, the June nonfarm payrolls report takes on added significance. Payroll gains so far

Headline inflation in the euro area dipped to 2.5% in June, the European Union’s statistics agency said Tuesday, while the closely watched core and services prints held steady. The headline figure was in line with the expectations of economists polled by Reuters. Inflation had nudged up from 2.4% in April to 2.6% in May. Core

A “Now Hiring” sign is seen at a FedEx location on Broadway on June 07, 2024 in New York City.  Michael M. Santiago | Getty Images Private payroll growth edged lower in June, according to a report Wednesday from ADP that indicates a potential slowdown in the U.S. labor market. Companies added 150,000 jobs for

[The stream is slated to start at 9:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell joins a panel including his global counterparts Tuesday at a European Central Bank forum. Powell will join ECB President Christine Lagarde and Brazil Central Bank

U.S. Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin building on June 12, 2024 in Washington, DC.  Kevin Dietsch | Getty Images Federal Reserve Chair Jerome Powell expressed satisfaction Tuesday with the progress on inflation over the past year

David A. Steinberg, CEO of Zeta Global Holdings, at the New York Stock Exchange. Source: NYSE Measuring the strength of the sprawling U.S. economy is no easy task, so one firm is sending artificial intelligence in to do the job. The Zeta Economic Index, launched Monday, uses generative AI to analyze what its developers call

An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three years. The core personal consumption expenditures price index increased just a seasonally adjusted 0.1% for the month and was up 2.6% from a year ago, the latter number down 0.2 percentage

As the sunsets, a ferry boat glides across the waters of the Golden Horn with the Suleymaniye Mosque and the city of Istanbul, Turkey in the background.  Vw Pics | Universal Images Group | Getty Images The Financial Action Task Force, an international watchdog organization dedicated to combating money laundering and illicit cash flows, on

In this article LEVI Follow your favorite stocksCREATE FREE ACCOUNT A Levi’s store at the Orlando Vineland Premium Outlets in Florida. Jeff Greenberg | Universal Images Group | Getty Images In a lyric on her latest album, Beyoncé sings “denim on denim, on denim, on denim.” Levi Strauss shoppers are taking that advice to heart.