The Fed’s path to a ‘Goldilocks’ economy just got a little more complicated
As far as jobs reports go, November's wasn't exactly what the Federal Reserve was looking for.
November unemployment fell for Hispanic workers and Black women, while holding steady overall
The U.S. unemployment rate remained unchanged at 3.7% in November.
Here’s where the jobs are for November 2022 — in one chart
Service sector categories showed strong growth in November, while other areas lost jobs.
Payrolls rose by 263,000 in November, more than expected despite Fed rate hikes
Nonfarm payrolls were expected to increase by 200,000 in November, according to Dow Jones estimates.
Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession
In a tweet early Wednesday, Musk called on the Fed "to cut interest rates immediately" or risk "amplifying the probability of a severe recession."
Transitory inflation talk is back. But economists say higher prices are here to stay
Global markets have taken heart in recent weeks from data indicating that inflation may have peaked, but analysts have warned against the return of the...
Key inflation measure that the Fed follows rose 0.2% in October, less than expected
The core personal consumption expenditures price index was expected to rise 0.3% in October and 5% from a year ago, according to Dow Jones estimates.
Fed hikes and a stronger dollar are fueling risks of political instability in Africa
The Fed's policy tightening and a strengthening dollar are having a knock-on effect on African nations' balance sheets and public debt burdens.