A weaker-than-expected jobs report added to investors’ worries about the economy. Stocks fell sharply, and Treasury yields declined in expectation of a Federal Reserve rate cut.
Category: United States Economy
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Global Markets Tumble Amid Fears of a U.S. Hard Landing
Investors are focusing on slowing U.S. economic growth as calls for the Fed to cut interest rates grow louder.
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Fed Will Scour Jobs Report for Signs of Weakness
Central bankers are preparing to cut interest rates, and are warily monitoring job data as they consider when and how much to lower them.
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July Jobs Report: What to Know
Job gains are lately being driven by the government, health care and assistance sectors, potentially masking broadly weaker hiring.
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Opportunity Zones, Lauded by Trump, Don’t Always Help Poor
A tax incentive, with bipartisan roots, aims to foster development in poor areas. It has fueled building, but it hasn’t always aided local residents.
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Productivity Surges 2.3%, Beating Forecasts
Output was up sharply in the second quarter, with the rise in goods produced far exceeding the increase in hours worked.
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Trump Promises Lower Interest Rates, but the President Doesn’t Control Those
The Federal Reserve sets interest rates, and it operates independently of the White House. But rates could come down as inflation cools.
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What to Watch as the Fed Meets on Wednesday
The Federal Reserve is expected to leave interest rates unchanged but could set up for a cut later this year.
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Politics Makes the Fed’s Job Trickier, but Doesn’t Drive Its Decisions
Central bankers are independent of the White House as they set interest rates. But the political cycle can put them under unwanted limelight.
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Is the Labor Market About to Crack? It’s the Key Question for the Fed.
Central bankers are paying more attention to the strength of the job market as inflation cools. But it’s a tough time to gauge its resilience.
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Fed’s Preferred Inflation Number Cooled Overall in June
The Personal Consumption Expenditures Index climbed 2.5 percent, still more than the Fed’s 2 percent target, as price increases take time to come down.
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Child Care Costs Challenge Women’s Gains in Work Force
Participation in the labor force has surged among women in their prime working years. But for those with children under 5, the gains may have peaked.