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Federal Reserve head Jerome Powell said it was in no rush to cut interest rate as government overhauls key policiesThe US economy faces a potential slowdown in consumer spending amid “heightened uncertainty about the economic outlook” among businesses,…
151,000 jobs added to economy in February, up from January as unemployment unchanged from last monthThe US labor market continued to grow in February even as threats of mass layoffs in the federal government and uncertainty around Donald Trump’s tariff…
Market cools as number of jobs added comes in lower than the 180,000 that economists had been expectingThe US added fewer than expected jobs in October and the unemployment rate rose amid signs that the white-hot US jobs market is cooling.There were 15…
On Thursday protesters chanted: ‘Off fossil finance!’ and held a banner reading: ‘Fed Is Burning: Money, Futures, Planet’The Federal Reserve chair, Jerome Powell, was escorted out of an event Thursday afternoon after a group of climate protesters brief…
Official data shows consumer price index up to 3.7% as central bank keeps watchful eye on latest inflation figuresPrice growth held steady in the United States last month as the Federal Reserve mulls the next stage of its battle against inflation.The c…
Action came as world leaders begin arriving in New York for the UN general assembly and after Sunday’s march to end fossil fuelsOne day after the largest climate march since the start of the Covid-19 pandemic, hundreds of climate activists blockaded th…
Growth in prices still remains far below the decades-high inflation rates that were seen last summer, when rate peaked at 9.1% in JuneUS inflation in August rose for the first time since June 2022, rising to 3.7% as a sharp increase in energy prices pu…
Figure is less than expected in first jobs report since Fed raised interest rate to 22-year highUS employers added 187,000 jobs in July, less than expected and a sign that the labor market is cooling after a series of interest rate hikes by the Federal…
US economy remains robust despite the 11 rate rises the Fed has implemented – its most aggressive rate-rising cycle in 40 yearsThe US Federal Reserve raised interest rates to a 22-year high on Wednesday as it continued its fight against rising inflatio…
US Fed will also have to raise rates more aggressively than forecast, says Washington-based bodyInterest rates in the UK will need to stay higher for longer than previously forecast in order to tackle stubbornly high inflation, the International Moneta…