US dollar firms as strong jobs data supports Fed easing pause
The U.S. dollar rallied on Friday after data showed the world's largest economy created more jobs than expected last month, reinforcing expectations that the Federal Reserve will pause its rate-cutting cycle at its policy meeting later this month.
The Federal Reserve might be unable to lower its benchmark lending rate until late in the autumn, market-derived data ...
Some economists are now contemplating what was previously unthinkable — and they are focused on the personal-consumption ...
U.S. inflation data in the coming week could test the nerves of stock investors and further inflame worries about rising ...
On paper, minutes for the Fed’s December meeting spelled bad news for investors. But it seems investors had already priced in ...
Before the strong December jobs report was released, the odds were already low for an interest rate cut in the next Federal ...
Top Federal Reserve officials — including Chair Jerome Powell — are increasingly pointing to an obscure price gauge as a ...
But minutes from their December meeting suggest that the decision was a close call — and that there is no guarantee ...
The Fed is likely done cutting rates amid robust economic activity and can now eye a hike if core PCE or long-term inflation ...
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
The effects of potential changes in trade and immigration policy suggested” restoring 2% inflation “could take longer than ...
"Inflation is stuck above target and risks are skewed to the upside. Economic activity is robust. We see little reason for ...
NBC News' Angie Lassman discusses the latest weather conditions in Los Angeles as five wildfires continue to scorch the area.
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