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2 mins read

Another jumbo Fed cut is coming by year-end with the US labor market weaker than many think, Citi economist says

"We see this weakening labor market dynamic across a number of different data points: low hiring ra…

Filip De Mott   


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2 mins read

The US risks being caught off-guard by a recession with the labor market far weaker than most realize, strategist says

Recent US unemployment figures included temporary government jobs that may disappear after Septembe…

Filip De Mott   


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2 mins read

'Inflation is not dead': Consumer prices are still in focus for investors despite the Fed's labor-market pivot

Investors have pulled back bets that the Federal Reserve will deliver another jumbo rate cut. Upcom…

Filip De Mott   


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3 mins read

2 under-the-radar recession signals are flashing red this month, research firm says

BCA's Peter Berezin said that low-key data points in the labor market are clouding the view that th…

Kelly Cloonan   


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1 min read

The US labor market is 'healthy,' Treasury Secretary Janet Yellen says, even as data shows conditions softening

Janet Yellen says the current unemployment rate is still low even after it ticked up in July. Inves…

Kelly Cloonan   


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4 mins read

Michigan's election fate will depend on laborers. A Democrat and Republican outline what those workers are looking for.

Michigan's Lt. Gov. and Macomb County's GOP chair told BI high prices and trust are top of mind for…

Juliana Kaplan   


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4 mins read

With Fed rate cuts imminent, what can you expect from the Indian markets next week?

Experts now believe a 25-basis point reduction in interest rates is imminent, since some positive c…

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2 mins read

Boeing's labor strike is so bad that the US Labor Secretary just flew to Seattle to help

Su encouraged negotiations during the stoppage earlier this month involving 45,000 dockworkers on t…

Shubhangi Goel   


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1 min read

New York Fed chief says it's time to lower rates with inflation cooling and the labor market slowing

Following the August jobs report, John Williams said the economy is "now in equipoise," with easing…

Kelly Cloonan   


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2 mins read

The US added very few jobs in October after hurricanes and strikes shook the economy

The final jobs report before the presidential election showed October's job growth was less than th…

Madison Hoff   


William Edwards   


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2 mins read

The US economy is in for a double shock if Trump is elected president, Nobel economist Paul Krugman says

Trump is proposing two policies that could result in a double-shock for the US economy, according t…

Jennifer Sor   


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The Fed is likely to disappoint markets with just one more rate cut this year amid global inflation, BlackRock CEO says

BlackRock CEO Larry Fink said the Fed will cut rates just once more this year amid sticky inflation…

Kelly Cloonan   


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The August jobs report reinforces 'waning vigor' in the labor market and the Fed should deliver a big rate cut, JPMorgan says

JPMorgan chief economist Michael Feroli says the Fed should cut 50 basis points this month as the A…

Kelly Cloonan   


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Stock market today: Indexes rally on China stimulus, promising labor-market data

Indexes rallied Thursday amid a surprise fall in jobless claims and promises from China to further …

Kelly Cloonan   


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2 mins read

The jobs market had a very strong September

The unemployment rate ticked down in September as the Fed pivots to supporting the labor market.

Madison Hoff   


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1 min read

The IMF just raised its growth forecast for the US economy this year — but expects a slowdown in 2025

The International Monetary Fund projected US growth of 2.8% this year, falling to 2.2% in 2025, but…

Theron Mohamed   


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2 mins read

The job market is in the 'Twilight Zone,' top economist Claudia Sahm says

"One month does not make a trend, and even with the Federal Reserve cutting interest rates, a susta…

Jennifer Sor   


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2 mins read

The Fed has been 'shaken' from its path by a softening labor market, and will deliver steeper rate cuts as a result, JPMorgan says

The Fed is shifting its gradualist stance amid uncertain labor market data, which will prompt steep…

Kelly Cloonan   


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4 mins read

With stock markets crashing worldwide, are fears of a recession loading in the US pre-mature?

Even Goldman Sachs economists have upped the probability of recession hitting the US by 2025 to 25%…