Revenue and profit growth at shipping giant FedEx bode well for the company’s overhaul efforts and the critical holiday sales season.
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The latest reading of policymakers’ preferred inflation gauge is still coming in well above officials’ 2% target at 2.8%.
The number of available positions climbed to 7.67 million in October, according to the JOLTS report, good for the highest mark in five months.
Holiday spending after Thanksgiving hit a record high, although notably only if you crunch the numbers a certain way.
While a stop-gap funding deal is in place, the government still has some work to do to fill in its backlog of missing economic data.
Overall employment was likely roughly flat in October due to layoffs in the federal government amid the longest shutdown in history.
When layoffs rise, people spend less, which leads to tighter bottom lines and more layoffs. Wash, rinse, and repeat.
Whatever they say, consumers’ actual spending has remained rock solid, even if sentiment is yet to return to prepandemic levels.
New private sector data that suggests the labor market is hurting may become especially influential with Bureau of Labor Statistics data likely on hold amid the government shutdown.
An interest rate cut would mean a lot of things: one undoubtedly good one would be a housing market more welcoming to buyers.
The Federal Reserve is poised to cut interest rates this week, but whether the era of “higher-for-longer” rates is over is another matter.
Morgan Stanley analysts think the US economy has been in a “rolling recession” since 2022 — and it may already be almost over.
The latest jobs report appeared to confirm that America’s labour market is slowing, which may clinch the rate cut markets are salivating over.
An index of sales prices rose at its fastest pace in three years as tariffs wound their way into the supply chain.
The economy added just 73,000 jobs in July, according to the Labor Department, well below the expectations of economists surveyed.
Prospective homebuyers and sellers are in a holding pattern, as persistently high mortgage rates and prices keep them from making moves.