Scott Bessent, US treasury secretary, arrives to speak during a site expansion groundbreaking ceremony at the Boeing South Carolina (BSC) manufacturing facility in North Charleston, South Carolina, US, on Friday, Nov. 7, 2025. Sean Rayford | Bloomberg | Getty ImagesTreasury Secretary Scott Bessent said on Sunday the U.S. was not...
Category: Economy
Fed won’t get key inflation data before next rate decision as BLS cancels October CPI release
The U.S. Bureau of Labor Statistics is the principal Federal agency responsible for measuring labor market activity, working conditions, and price changes in the economy.Bill Clark | Getty ImagesThe Bureau of Labor Statistics said it was canceling the release of the October consumer price index, leaving the Federal Reserve without...
Cleveland Fed’s Hammack supports keeping rates around current ‘barely restrictive’ level
Cleveland Federal Reserve President Beth Hammack on Thursday gave indications that she thinks the central bank could be nearing the end of what could be a brief rate-cutting cycle.The policymaker told CNBC that she thinks the current level of interest rates is "barely restrictive, if at all" when it comes...
‘Ghost job’ postings are adding another layer of uncertainty to the stalling jobs picture
Job seekers attend the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on September 25, 2025 in Sunrise, Florida.Joe Raedle | Getty ImagesJudging by current data, you'd think there's literally a job out there for anyone who wants one. Looking deeper under the hood, though, tells...
September jobs report will be out Thursday as first data since shutdown starts to trickle out
Job seekers wait to enter the SacJobs Career job fair in Sacramento, California, US, on Thursday, Nov. 13, 2025. David Paul Morris | Bloomberg | Getty ImagesThe first economic data report that went unreleased due to the government shutdown will be released next week, the Bureau of Labor Statistics said...