The Big Number: 818,000
The Labor Department issued a huge downward revision on jobs figures for the 12 months that ended in March, pointing to greater cracks in the economy.
Posted inBanking and Financial Institutions Government Bonds Inflation (Economics) Interest Rates Labor and Jobs Prices (Fares, Fees and Rates) Regulation and Deregulation of Industry United States Economy
Fed Chair Powell Signals Interest Rate Cuts in Jackson Hole Speech
Jerome H. Powell used a speech in Jackson Hole to signal that the Federal Reserve will begin to cut rates on Sept. 18, and to voice wariness about the job market.
Posted inContent Type: Service Elections Federal Reserve System Government Bonds Inflation (Economics) Interest Rates Personal Finances Presidential Election of 2024 Standard & Poor's 500-Stock Index Stocks and Bonds United States Economy
In Peak Election Season, the Stock Market Is Often Fickle. Be Patient.
With the political conventions behind us and a rate cut expected soon, the market has been rallying, yet our columnist says it’s safer to play a longer game.
Posted inFederal Reserve System Interest Rates internal-storyline-no Labor and Jobs Powell, Jerome H Presidential Election of 2024 Standard & Poor's 500-Stock Index United States Economy
Will Powell’s Jackson Hole Speech Help Lead to a Soft Landing?
Investors are anxiously awaiting Jerome Powell’s policy speech at a symposium in Jackson Hole, Wyo. on Friday, as labor data suggests the economy is slowing.