The United States economy added 119,000 jobs in September, far exceeding the forecast of 50,000 jobs. This figure is based on the first jobs report since the 44-day government shutdown. The August figure was revised down to a loss of 4,000 jobs, while July was also revised lower. The unemployment rate rose to 4.4%, the highest level in three years, indicating continued weakness in the market […]
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The Fed minutes for October show Fed officials divided on the need for additional interest rate cuts. The differing views focus on two main risks: a slowing labor market and inflation that remains stubbornly above the 2% target. Although the Fed approved another quarter-point cut at the October meeting, the policy direction heading into December […]