An energy shock stemming from the fighting has added a layer of complexity to the Federal Reserve’s decision-making around interest rates.
Category: United States Economy
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Fed Minutes Show Officials in No Rush to Cut as Iran War Scrambled Outlook
The New York Times – Business:The conflict in the Middle East has left the Federal Reserve braced for higher inflation, upending expectations about if officials will restart interest rate cuts.
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Blue Collar Work Has Plateaued, Narrowing Options for Young Workers
The New York Times – Business:Skilled electricians, plumbers and factory workers are in demand, but job openings have dropped.
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March Jobs Report Shows Stronger U.S. Market Than Expected With 178,000 New Positions
The New York Times – Business:Payrolls expanded and unemployment dropped last month after a health care strike ended and a harsh winter abated.
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Strong Jobs Numbers Make the Fed’s Job Easier
The New York Times – Business:Robust job growth in March suggests that the labor market remains relatively healthy, allowing officials at the central bank to focus on fighting inflation.
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Economists Are Drawing Stronger Connections Between A.I. and Jobs
The New York Times – Business:Artificial intelligence hasn’t disrupted the labor market, economists say, but they are increasingly convinced that it will — and that policymakers are unprepared.
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Jobs and Workers Are In Balance. Nobody Is Happy About It.
The New York Times – Business:Lower immigration has brought labor supply in line with shaky demand, but economists worry that such a slow-moving job market is at risk of toppling over.
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Rival Nations Seize On Choke Points to Counter Trump
The New York Times – Business:From Iran to China, President Trump’s global aggression has encouraged other countries to search for new ways to pressure the U.S. economy.
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Mortgage Rates Climb for 5th Week as Iran War Weighs on U.S. Housing Market
The New York Times – Business:The average rate on a 30-year mortgage in the United States jumped to 6.46 percent, making it harder for buyers to afford homes.
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Why Trump’s Iran Address Failed to Soothe Markets
The New York Times – Business:Oil surged and stocks sold off after the president delivered an unclear case for continuing the war in the Middle East.
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The Trump Effect at the Pump as Gas Hits $4 a Gallon
The New York Times – Business:The average price of gasoline in the U.S. has topped $4 a gallon, a multiyear high, as war in the Middle East roils the oil market and slams drivers.