KEY POINTS The Fed’s new approach to inflation could keep interest rates lower for longer. Credit cards, home equity lines of credit and personal loans...
KEY POINTS New filings for jobless claims totaled 881,000 last week, better than the 950,000 Dow Jones estimate. The number reflects an improving labor market...
KEY POINTS Nonfarm payrolls increased by 1.37 million in August vs. Dow Jones estimates of 1.32 million. The unemployment dropped to 8.4% from 10.2% in...
KEY POINTS Private payrolls rose by 428,000 in August, according to a report from ADP that was below the 1.17 million expectations. Big business led...
KEY POINTS Philadelphia Fed President Patrick Harker said Friday that it will take a significant amount of time before the U.S. sees unemployment figures return to...
KEY POINTS “There’s more pain out there that we’re going to have to support the economy through,” Loretta Mester, president of the Cleveland Fed. “I...
KEY POINTS In a historic shift, Chairman Jerome Powell announced that the Fed will allow inflation to run modestly higher for periods of time. Markets...