Moody’s Analytics’ Mark Zandi says Fed unlikely to hike rates in March given banking turmoil
The Federal Reserve will likely not raise interest rates at its March meeting as there is still a "boatload of uncertainty" said Mark Zandi of...
The Federal Reserve will likely not raise interest rates at its March meeting as there is still a "boatload of uncertainty" said Mark Zandi of...
Excluding volatile food and energy prices, core CPI increased 0.5% in February and 5.5% on a 12-month basis.
Markets still expect the Fed to keep up its inflation-fighting efforts, despite high-profile bank failures that have rattled the financial system.
One bank implosion and a cooperative jobs report later, and the market has changed its mind.
Black women saw their unemployment rate jump to 5.1% from 4.7%. Among Hispanic women, it jumped to 4.8% from 4.4%.
The leisure and hospitality sector added 105,000 jobs last month, according to the Labor Department, accounting for roughly a third of the total jobs gain.
Nonfarm payrolls were expected to increase by 225,000 in February, while the unemployment rate was projected to hold at 3.4%, according to Dow Jones.
The U.K. economy grew by 0.3% in January, official figures showed on Friday, exceeding expectations as it continues to fend off what economists see as...
The Labor Department's Job Openings and Labor Turnover Survey showed there are 10.824 million openings, down some 410,000 from December.