Policymakers at the central bank are at odds over the need to cut interest rates for a third straight meeting, as inflation picks up again and the labor market slows down.
Category: United States Economy
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Delayed Jobs Data to Give Snapshot of a Labor Market Under Stress
Economists expect that employment growth was anemic in September, before the government shutdown delayed data collection.
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Delayed Jobs Data to Give Snapshot of a Labor Market Under Stress
Economists expect that employment growth was anemic in September, before the government shutdown delayed data collection.
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California Has a Legal Clause for Housing That Could Put NIMBYs in a Corner
For years, the state has been nudging its cities to build housing to address a severe shortage. Maybe what they needed was a shove.
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Mexico Is Now the United States’ Top Buyer
For first time in at least 30 years, the United States has exported more to Mexico than Canada, U.S. government data show, in a sign of how much North American trade has consolidated.
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After Shutdown, Labor Department Says Some Data is Gone for Good
Surveys were delayed and some cannot be collected at all, officials said, further complicating the Federal Reserve’s decision on interest rates next month.
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Home Depot Cuts Forecast as Consumers Pull Back on Spending
The big box retailer said tariff costs and elevated mortgage rates have slowed consumer spending on new homes and remodeling projects.
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Trump Says America Is in ‘Golden Age,’ Straining to Address Affordability
Speaking at a gathering of McDonald’s franchise owners and operators, the president boasted that he had “normalized” inflation.
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High Beef Prices? Trump Official Blames Biden and Migrants.
Treasury Secretary Scott Bessent said migrants were bringing sick cows across the border, snarling beef supply chains.
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Trump Administration Lifts Some Food Tariffs in Effort to Ease Prices
It is walking back levies on imports including beef and coffee in what critics say is an admission that tariffs raised prices in the first place.
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Stock Market Rally Is Dented as Signs of Worry Emerge
A recent dip in trading shows how investors are balancing a “fear of missing out at the same time as real fear.”