In a sign that the chronically tight labor market may be easing, job openings plunged in August amid a slowdown in overall demand. … READ MORE >
Federal Reserve
New jobless claims fall to lowest level since April amid tight labor market
New claims for unemployment benefits fell by a sharp 16,000 last week to 193,000 on a seasonally adjusted basis, the fewest since April. … READ MORE >
Pending home sales fall to their lowest level since April 2020
Pending home sales in the United States fell by 2% in August, the third straight monthly decline amid a steep rise in mortgage rates. … READ MORE >
Fed raises its policy rate by 75 basis points and sees more increases
The Federal Reserve raised its policy rate by 75 basis points on Wednesday, the third straight increase of that size and a sign that it is continuing its aggressive push to tame inflation. … READ MORE >
Consumer sentiment rises to highest level since May
Consumer sentiment improved to 59.5 in September as inflation concerns eased, according to the University of Michigan’s index. … READ MORE >
The dollar’s reign will continue amid a global flight to safety
Several factors are fueling the dollar’s surge, including rising rate differentials, a global move to the dollar and escalating geopolitical tensions. … READ MORE >
U.S. August CPI: Core inflation arrives hot even as gas prices fall
Premature calls for the Fed to pause its campaign to tame inflation should be politely dismissed given the 0.1% increase in top-line inflation in August. … READ MORE >
Initial jobless claims drop to lowest level since May
The labor market showed continuing strength as last week’s new filings for jobless claims fell for the fourth week in a row. … READ MORE >
Falling gas prices imply further inflation relief
This recent decline in gas prices should put downward pressure on top-line monthly inflation when the consumer price index for August is released on Sept. 13. … READ MORE >
U.S. August jobs report: Another robust month as employment increases by 315,000
American labor market dynamics remain tilted toward sustained strength in hiring and rising wages. … READ MORE >