The U.S. labor market is at a healthy point, despite the robust payroll growth experienced at the end of the year, Federal Reserve Chair Jerome Powell said Wednesday. Powell said during Wednesday’s ne
Agencies are starting to take action against DEI-tasked employees and pass lists of those workers on to OPM and the White House.
President Trump has said he will "demand" lower interest rates, raising questions about his ability to influence the Federal Reserve.
A pair of language changes in the Federal Reserve's policy statement is setting the tone in markets, pushing up Treasury yields and the dollar and putting pressure on stocks. At the top of the list, t
The number of Americans filing new applications for unemployment benefits rose marginally last week, suggesting no deterioration in labor market conditions and reinforcing expectations that the Federal Reserve would not cut interest rates next week.
The number of Americans filing for unemployment benefits rose slightly last week, yet labor market conditions remain stable. The Federal Reserve is expected to maintain interest rates due to minimal stress in job markets.
It was no surprise when President Donald Trump this week issued a memorandum to the heads of federal departments and agencies, essentially directing them to get their employees back to the office full-time.
Treasury yield was unchanged on Wednesday after the Federal Reserve kept interest rates unchanged at 4.25% to 4.50% in its first interest rate decision of 2025. The yield on the benchmark U.S. 10-year Treasury rose shortly after the Fed's decision before slipping back to flat.
The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue.
The Fed has a dual mandate. In addition to stable prices, the central bank is supposed to support maximum employment. With the labor market in "solid" shape, the FOMC has become m
Federal Reserve Chair Jerome Powell said officials are not in a rush to lower interest rates, adding the central bank is pausing to see further progress on inflation following a string of rate reductions last year.