Another Month of Robust US Job Growth Points to Continued Economic Strength
Friday’s report from the Labor Department also showed that the unemployment rate dipped from 3.9% to 3.8%. read more >
by Associated Press -
Powell: Fed Still Sees Rate Cuts This Year; Election Timing Won’t Affect Decision
“The recent data do not ... materially change the overall picture,” Powell said in a speech at Stanford University. read more >
by Associated Press -
Powell Says Fed Wants to See ‘More Good Inflation Readings’ Before it Can Cut Rates
Speaking at a conference at the Federal Reserve Bank of San Francisco, he said he still expected "inflation to come down on a sometimes bumpy path to 2%.'' read more >
by Associated Press -
Average Long-Term US Mortgage Rate Climbs Back to Nearly 7% After Two-Week Slide
The average rate on a 30-year mortgage rose to 6.87% from 6.74% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.42%. The average rate is now just below where it was two weeks ago. read more >
by Associated Press -
Federal Reserve Still Foresees 3 Interest Rate Cuts This Year Despite Bump in Inflation
Powell will surely be pressed on the topic at a news conference Wednesday after the Fed ends its latest two-day meeting. read more >
by Associated Press -
Average Long-Term US Mortgage Rate Declines to Levels Last Seen in Early February
Despite the choppy trajectory in mortgage rates this year, the average rate on a 30-year home loan is still down from the 23-year high of 7.79% it reached in late October. read more >
by Associated Press -
Federal Reserve Signals That Interest Rate Cuts Aren’t Imminent, Leaves Them Unchanged
“I don’t think it’s likely that the committee will reach a level of confidence by the time of the March meeting” to start cutting rates, Chair Jerome Powell said at a news conference. read more >
US Worker Paycheck Growth Slowed Late Last Year, Pointing to Cooling in a Very Strong Job Market
Compensation as measured by the government's Employment Cost Index rose 0.9% in the October-December quarter, down from a 1.1% increase in the previous quarter. read more >
by Scott Carroll -
Labor Market Stays Sturdy: US Employers Add 199,000 Jobs in November
The unemployment rate has now remained below 4% for 22 straight months, the longest such streak since the late 1960s. read more >
Fed Bans Ex-Arvest Employee From Banking Industry
She allegedly transferred money from elderly customers' accounts to her own accounts without authorization. read more >
Report: US Wages Rose at Solid Pace This Summer
Wages and benefits grew at a slightly faster pace in the July-September quarter than the previous three months, a benefit to workers that also represents a risk to the Federal Reserve’s fight against inflation. read more >
Fed Chair Powell: Inflation Remains Too High, More Rate Hikes Could Be Needed
Powell noted that inflation has cooled significantly from a year ago. But he cautioned that it's not yet clear whether inflation is on a steady path back to the Fed's 2% target. read more >
CEO Confidence Survey: Arkansas Execs Navigate Inflation and Labor Challenges With Cautious Optimism
A recent poll of 541 of the state's chief executives revealed a mix of confidence and apprehension as they assessed the current business climate and looked ahead to future conditions. read more >
Why the US Job Market has Defied Rising Interest Rates and Expectations of High Unemployment
The idea that defeating high inflation would require sharply higher unemployment is based on a long-time economic model that may prove ill-suited for the post-pandemic episode. read more >
The Resurgence of High-Yield CDs
Looking for a sign of the times? Look no further than your local bank marquee. read more >
by Marty Cook -
Fed Keeps Rates Unchanged but Signals Likelihood of Another Hike This Year to Fight Inflation
The more measured approach to rate increases the Fed is now taking reflects an awareness among the officials that the risks to the economy of raising rates too high is growing. read more >
US Added Fewer Jobs Than Expected in July, While Unemployment Dipped
Hiring was up from 185,000 in June, a figure that the Labor Department revised down from an originally reported 209,000. Economists had expected to see 200,000 new jobs in July. read more >
Stock Market Gains Pave Way for IPO Resurgence in 2023 After Worst Year Since Great Recession
All told, 100 companies have filed IPO documents this year, compared to 83 at this point in 2022. read more >
A Soft Landing? Maybe! (Editorial)
The year is half over and the widely predicted recession has yet to arrive. read more >
Banks Don’t Need Big Hike in Capital Requirements, Hill Says
U.S. Rep French Hill, R-Ark., said he's concerned the Federal Reserve is making the wrong move by increasing capital requirements for national and regional banks as a possible recession looms. read more >
by Lara Farrar -
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