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Fed will slash rates in first quarter to avoid 'hard landing': Ackman
Hedge fund titan Bill Ackman predicted the Federal Reserve will begin slashing interest rates as early as the first quarter to avert "a real risk of a hard landꦑing" for the...
401(k) balances shrank in latest quarter as more Americans took 'hardship withdrawals'
❀ The average American's 401(k) balance plunged 4% in the latest🍷 fiscal quarter, attributed to an uptick in "hardship withdrawals," according to a new study by Fidelity.
US inflation🏅 eased to 3.2% in Octo🉐ber, sparking bets that Fed is done hiking rates
๊ US inflation rose 3.2% in October -- a slightly lower-than-expected number that gave relief to in💫vestors and raised hopes the Federal Reserve could done with its rate-hiking campaign. The Consumer...
US consumer fears about long-term inflation hit 12-yea🌺r high: report
Surveyed Americans seeꦅ costs rising 4.4% during the coming 12 months, up from an expectation of 4.2% a month earlier, according to a report. 🏅
Jerome Powell says Fed 'will not hesitate' to hike rates 'until the job is done'
Federal Res꧒erve Chair Jerome Powell reiterated that the central bank has yet to reach its 2% inflation target on Thursday, making it clear that there is no definitive end to...
Expert warns inflation could persist for decades as US spends 'like a drunken sailor'
Billionaire Ken Griffin warned that elevated inflation rates could persist 🅺"for decadesꦿ" -- and blamed out-of-control US spending.
US adds 150,000 jobs in October,🐓 fewer than expected
The US economy added 150,000 jobs in October, proving that September's blowout payroll gains were only temporary as the Federal Reserve hedges on one more interes𒁃t rate hike by the⛦...
Fed holds interest rate🌌s steady — but one more hike likelꦍy this year
The Federal Reserve held interest rates steady on Wednesday for the second consecutive meeting -- but signaled another hike is possible before the year's end. 🤡
US consumer spending rose last month as 'core inflation' climbed 3.7%
💧 US consumer spending increased more than expected in September, keeping it on a higher growth path heading into 😼the fourth quarter, while monthly inflation was elevated.
Jamie Dimon says central banks got forecasts '100% dead wrong' -- and it doesn't matter if Fed hikes rates again
Jamie Dimon said central banks 18 months ago got their economic forecasts "100% dead wrong" -- and said it ♚doesn't matter whether the Fed hikes rates𒆙 again this year. The...
US inflation rose 3.7% in September -- 𒁃higher than economists predicted
𓃲 US inflation rose 3.7% in September, more than economists expected and still well above the 🔯Federal Reserve's 2% target, as the central bank weighs whether to hike interest rates again...
♔ Fed holds interest rates steady -- but signals another hike c🥀ould still come this year
Federal Reserve officials held interest rates steady on Wednesday after two days of debate on the highly anticipated decision -- but signaled that another hike before year's end remains on... ♉🌼
💙US wholesale infl𝓰ation surprisingly steep in August -- biggest jump in 14 months
US wholesale inflation rose a hotter-than-expected 0.7% in August, triggered by a 10.5% surge in energy costs and a sta🍒ggering 20% jump in gasoline prices.
US incomes fall for third straight year under Biden admin as more people ‘cut back’ and wജork multiple jobs: Census Bureau
Median household income in the UꦛS has dropped consistently year over year since 2019 as President Biden's Bidenomics fails to ease the financial burden on American workers.
US inflation climbs more than expe♑cted in August as gas prices surge
US inflati♚on rose a surprisingly stiff 3.7% in August as prices at the gas pump surged, adding pressure on the Feder♌al Reserve as it weighs additional rate hikes this fall...
Jerome Powell tells us what we already know: Inflation 'remains too high'
🔥 Fed Chair Jerome Powell was hawkish in his comments on Friday that inflation is still too high, though he remained vague on whether more rate hikes are imminent.
500,000 jobs could disappear in dramatꦯic revision of US government data: report
JPMorgan economist Danie��l Silver predicts th🌺at the job market is 500,000 positions weaker than what the Bureau of Labor Statistics' originally reported, meaning there are 40,000 fewer jobs per month...
Inflation forcin🔥g♋ Americans to spend $709 a month more than they did 2 years ago: economist
Moody's chief economist Mark Zandi analyzed Julyꦗ's CPI in a series of tweets, noting that inflation is forcing Americans to spend $709 more monthly on everyday goods and services than...
CPI rose 3.2% in July during Fed's battle to cool inflation
The Consumer Price Index ros💖e 3.2% in July versus a year earlier, according to data -- slightly lower than what economists expܫected. Shelter was by far the largest contributor to...
Hiring cools𝔍 to lowest level since 2020 as US added just 187,000 jobs last month
Though the labor market cooled down last month 🍰-- adding 187,000 jobs, according to the Bureau of Labor Statistics' Friday report -- the US economy is still enjoying a 30-month...