A hiring sign is displayed in a Dominos Pizza window on June 25, 2025 in Austin, Texas. Brandon Bell | Getty ImagesFor federal government workers who worked at agencies tied to this year's job cuts, an apparent slowdown in the labor market is happening at the worst possible time.A gradual...
Category: Economy
Core inflation rate rose to 2.7% in May, more than expected, Fed’s preferred gauge shows
Prices that consumers pay rose slightly in May, while the annual inflation rate edged further away from the Federal Reserve's target, according to a Commerce Department report Friday.The personal consumption expenditures price index, the Fed's primary inflation reading, rose a seasonally adjusted 0.1% for the month, putting the annual inflation...
The Fed is likely to keep rates the same but give a forecast that moves markets. What to expect
Federal Reserve Chair Jerome Powell delivers remarks during the Division of International Finance 7th Anniversary Conference at the Fed on June 02, 2025 in Washington, DC. Chip Somodevilla | Getty ImagesFederal Reserve officials get to voice their outlook this week on the future path of interest rates along with the...
UK Finance Minister Rachel Reeves’ spending plans risk creating ‘a snowball effect’ that pushes borrowing costs higher
LONDON, UNITED KINGDOM - MARCH 26, 2025: Britain's Chancellor of the Exchequer Rachel Reeves leaves 11 Downing Street ahead of the announcement of the Spring Statement in the House of Commons in London, United Kingdom on March 26, 2025. (Photo credit should read Wiktor Szymanowicz/Future Publishing via Getty Images)Wiktor Szymanowicz...
Consumer sentiment reading rebounds to much higher level than expected as people get over tariff shock
A woman shops at a supermarket on April 30, 2025 in Arlington, Virginia.Sha Hanting | China News Service | Getty ImagesConsumers in the early part of June took a considerably less pessimistic view about the economy and potential surges in inflation as progress appeared possible in the global trade war,...