Labor market is key focus of Fed rate cut, says Morgan Stanley's Jim Caron
David Kelly, JPMorgan Asset Management chief global strategist; Jim Caron, Morgan Stanley Investment Management CIO of cross asset solutions; and Stephanie Roth, Wolfe Research chief economist join CNBC's 'Power Lunch' to discuss reactions to the Federal Reserve's decision to cut interest rates by a quarter point.
Fed Statement Points to Cooling Labor Market, Implies More Rate Cuts to Come
The Federal Open Market Committee’s policy statement on Thursday acknowledged a softening labor market and continued to suggest there will be additional interest-rate reductions to come. Federal Reser
The Federal Reserve cuts interest rates again as the jobs market cools
The Federal Reserve on Thursday carried out its second consecutive interest rate cut, lowering the federal funds rate by a quarter-percentage point to between 4.50% and 4.75%.
The Fed preps another rate cut, amid cloudy post-election outlook
The Federal Reserve is preparing to cut interest rates by a quarter percentage point, amid a cloudy economic outlook following Donald Trump’s election win.
INSTANT VIEW: Fed cuts rates 25 bp, as expected
The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as policymakers took note of a job market that has "generally eased" while inflation continues to move towards the U.
Fed Cuts Rates Again, This Time by a Quarter Point
Officials face new questions over what might lead to a slower pace of rate cuts after Donald Trump’s election ignited market ebullience and sent long-term rates higher.
The Fed cuts interest rates by a quarter point
The Federal Reserve cut interest rates by a quarter point Thursday on the heels of the US presidential election earlier this week. It’s the second rate cut since the central bank began to lower borrowing costs in September,
Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty
The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week.
Federal Reserve cuts interest rates by a quarter point
The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to right-size monetary policy. In a follow-up to September's big half percentage point reduction,
Fed's Powell says labor market weaker than in 2019
Federal Reserve Chairman Jerome Powell said the U.S. jobs market is probably weaker now compared to just before the pandemic broke out in March 20202, based on a broad array of labor market data. The ...
US weekly jobless claims rise marginally; unit labor costs stir inflation fears
The number of Americans filing new applications for unemployment benefits rose slightly last week, suggesting no material ...
Hosted on MSN1d
Citi's Hollenhorst Says Labor Market Is Softening
Citi Chief US Economist Andrew Hollenhorst says the labor market is softening. Jobless claims for the Nov. 2 week came in ...
The Business Journals4d
Companies dial back on big pay raises in post-pandemic labor market
Pay raises remained relatively stable this year but companies dialed back on big salary increases amid a slower job market.
MarketWatch1d
Fed more worried about weaker labor market than strong economic growth, Citi says
Citi economists note the Fed is more worried about a weakening labor market in which hiring appears to be have fallen below pre-pandemic trends. "That means the Fed will want to continue reducing ...
Job openings fall to pre-pandemic levels as US labor market continues to cool down
In the next four days, a fire hose of data will be unleashed, providing crucial snapshots of the US economy in advance of a ...
The Heritage Foundation4d
More Jobs, Fewer Workers: Is the Labor Market Strong or Weak?
These discrepancies between two different government surveys call into question the true strength or weakness of the labor ...
American Banker1d
Federal Open Market Committee press conference: Live coverage
The Federal Reserve's Federal Open Market Committee will announce its interest rate decision at 2pm, followed by a press ...
Colorado jobs top 3 million for first time amid tight labor market
Continued job growth across Colorado has added an average of 5,400 jobs per month, according to a report by economists with ...
WOOD-TV2d
What does the job market look like in greater Grand Rapids?
Amid a cooling labor market, the greater Grand Rapids area is seeing a growing population that is more educated and diverse, a new talent report found.