Federal Reserve cuts interest rates by half-point; first rate reduction in four years
The Federal Reserve on Wednesday announced a long-awaited interest rate cut, lowering the benchmark rate by 50 basis points from...
Economy
Boeing begins layoffs amid labor union strike, controversy over CEO’s home purchase: ‘Very difficult time’
Boeing is beginning a series of furloughs in response to its largest labor union going on strike, according to a...
The Fed cut rates by half-point: What to know
The Federal Reserve on Wednesday cut interest rates for the first time since March 2020, as the central bank lowered...
How the Fed’s rate cut will impact auto loans
Americans looking to buy a vehicle in the near future might feel hope that the Federal Reserve's 50-basis-point federal funds...
Fed’s Powell: policymakers noted ‘artificially high’ jobs data, revisions in rate cut decision
Federal Reserve Chair Jerome Powell said Wednesday that the central bank considered reports that recent jobs numbers may be "artificially...
Fed’s Powell says immigration surge boosted unemployment rate
Federal Reserve Chair Jerome Powell said Wednesday that immigration is helping push the unemployment rate higher as they enter the...
Fed governor explains dissent from 50 basis point rate cut
Federal Reserve Governor Michelle Bowman on Friday issued a statement explaining her decision to dissent from the central bank's decision...
US economy added 142,000 jobs in August, missing expectations
U.S. job growth picked up in August but missed economists' expectations, while the unemployment rate was little changed. The U.S....
Surge of foreign-born workers remake American jobs market
A surge of both legal and illegal immigration under the Biden-Harris administration is drastically changing the general makeup of the U.S. jobs market....
Which industries hired the most workers in August?
Job growth ticked up in August even though it fell short of economists' expectations as job losses in industries like...
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