Federal Reserve

Pay for new hires declining in blue-collar jobs amid shifting economic conditions

New data reveals that pay for new hires in some blue-collar jobs is decreasing, reflecting shifting economic conditions and employer responses to labor market changes.

UBS Wealth Management increases U.S. recession odds to 25% amid economic uncertainty

UBS Global Wealth Management has raised the probability of a U.S. recession to 25% due to weaker jobs growth and high July unemployment. The firm's updated forecast contrasts with J.P. Morgan's 35% and Goldman Sachs' 20% recession probabilities, reflecting varied economic outlooks.

U.S. durable-goods orders rise moderately in July

Core capital-goods orders slipped 0.1% in July following a 0.5% rise in June, and shipments of core goods fell 0.4%. This suggests continued weakness in business equipment spending, with potential impacts on nonresidential investment expected to be reflected in the Q3 real GDP data.

Federal Reserve Prepares for Rate Cut: What It Means for Your Finances

The Federal Reserve has recently announced that it will keep interest rates unchanged

US Fed officials feel interest rate cut appropriate at some point in 2024: Minutes

Recession risks are fading, business economists say, but political tensions pose threat to economy

S&P 500 closes above key 5,000 level for first time as bullish sentiment spreads across Wall Street

Federal Reserve Holds Interest Rates Steady, Anticipates Gradual Cuts: What It Means for Your Finances

Consumers Could See Relief as Fed Plans Rate Cuts to Counter Inflation and Rising Borrowing Costs

Economist Warns of Potential ‘No Landing’ Scenario as Fed Faces Inflation Challenges

Soft Landing Optimism Could be Overshadowed by Lingering Inflationary Pressures