US unemployment rate spikes to 3.8%; labor market still has momentum
Nonfarm payrolls increase 187,000 in AugustUnemployment rate rises to 3.8% from 3.5% in JulyAverage hourly earnings gain 0.2%; up 4.3%...
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US consumer spending accelerates; declining savings a red flag
Consumer spending increases 0.8% in JulyPersonal income gains 0.2%; savings rate falls to 3.5%Core PCE price index rises 0.2%; up...
Fed can stop hiking rates if economy slows at current pace, Rosengren says
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsAug 30 (Reuters) -...
Labour candidate in by-election triggered by Nadine Dorries’ resignation takes unpaid leave from Bank of England job amid row over role in Greenpeace stunt
Alistair Strathern wore face paint to pose by mock gravestone in demonstration The Labour candidate in the by-election triggered by...
Fed’s Powell: higher rates may be needed, will move ‘carefully’
JACKSON HOLE, Wyoming, Aug 25 (Reuters) - The Federal Reserve may need to raise interest rates further to cool still-too-high inflation, Fed Chair Jerome Powell said on Friday, promising to move with care at upcoming meetings as he noted both progress made on easing price pressures as well as risks from the surprising strength of the U.S. economy."We will proceed carefully as we decide whether to tighten further or, instead, to hold the policy rate constant and await further data," Powell said in a keynote address to the Jackson Hole...
UK pay deals cool for first time in 2023, easing pressure on BoE: XpertHR
A man works at a computer on a standing desk in an office in the financial district of Canary Wharf...
UK sees surge in interest from non-EU job hunters
Workers walk through the Canary Wharf financial district, ahead of a Bank of England decision on interest rate changes, in...
The Bangladeshi, German, Filipino AND American job: McMafia author MISHA GLENNY reveals how the biggest bank heist of all time was pulled off through complex hacking plan
How do you cram a million banknotes into the back of a Lexus family car? For one bank branch manager,...
Fed officials divided in July over need for more rate hikes, minutes show
The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger Acquire Licensing RightsWASHINGTON, Aug 16 (Reuters) - Federal Reserve officials were divided over the need for more interest rate hikes at the U.S. central bank's July 25-26 meeting, with "some participants" citing the risks to the economy of pushing rates too far even as "most" policymakers continued to prioritize the battle against inflation, according to minutes of the session that were released on Wednesday."Participants remained resolute in their...
Yellen’s Las Vegas stop shows Bidenomics can be a tough sell
LAS VEGAS, Aug 15 (Reuters) - Daemein Hargrove, 21, recently dropped plans for a four-year college degree to sign up...
