Latest Federal Reserve System News
Stock market today: Asian shares are mostly higher ahead of a key US jobs report
HONG KONG (AP) — Asian shares were mostly higher on Friday ahead of a U.S. government jobs report, after Wall Street rose Thursday to snap its first three-day losing streak since Halloween. U.S. futures were lower and oil prices gained more than $1. In Tokyo, the...
Is the US economy on track for a 'soft landing'? Friday's jobs report may offer clues
WASHINGTON (AP) — Can the U.S. economy achieve a much-hyped “soft landing”? Friday's jobs report for November will provide some signs of whether that elusive scenario is coming into view. Many of the most recent economic figures have been encouraging. Companies are advertising...
Stock market today: Wall Street rises ahead of Friday's jobs report to snap a 3-day losing streak
NEW YORK (AP) — Wall Street rose Thursday to snap its first three-day losing streak since Halloween. The S&P 500 climbed 36.25 points, or 0.8%, to 4,585.59. The Dow Jones Industrial Average added 62.95, or 0.2%, to 36,117.38, and the Nasdaq composite jumped 193.28, or 1.4%, to...
Inflation eased in 2023. That's giving investors hope for a gentler Federal Reserve next year
NEW YORK (AP) — Inflation gradually loosened its grip on Wall Street and the economy in 2023, raising hopes for a gentler Federal Reserve and solid gains for the market next year. Stocks rallied to their best month of the year in November as investors raised their bets that the Fed...
CEOs of the nation's biggest banks warn that new regulations could harm the economy
NEW YORK (AP) — The heads of Wall Street's biggest banks used an appearance on Capitol Hill on Wednesday to plead with senators to stop the Biden administration's proposed changes to how banks are regulated, warning that the new proposals could negatively impact the economy at a time of...
Stock market today: Asian shares are mostly up as weak jobs data back hopes for an end to rate hikes
BANGKOK (AP) — Asian shares advanced on Wednesday after most stocks slipped on Wall Street following a mixed set of reports on the U.S. economy. Hong Kong's Hang Seng gained 0.5% to 16,413.96 while the Shanghai Composite edged 0.1% higher, to 2,968.75. The gains...
US job openings fall to lowest level since March 2021 as labor market cools
WASHINGTON (AP) — U.S. employers posted 8.7 million job openings in October, the fewest since March 2021, in a sign that hiring is cooling in the face of higher interest rates yet remains at a still-healthy pace. The Labor Department's report said Tuesday that openings were down...
Stock market today: Asian shares slip ahead of key US economic reports
TOKYO (AP) — Asian shares declined in cautious trading Tuesday ahead of some key reports this week on the U.S. job market that might provide insight into the Federal Reserve’s thinking about interest rates. U.S. futures slipped and oil prices were little changed. ...
Economists predict US inflation will keep cooling and the economy can avoid a recession
NEW YORK (AP) — Most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under the weight of high interest rates, according to a survey released Monday. Only 24% of economists surveyed by the National Association...
Stock market today: Wall Street extends its rally and closes at highest level since March 2022
A broad rally on Wall Street closed out a fifth straight week of gains for the market Friday, driving the S&P 500 to its highest level in more than a year. The benchmark index rose 0.6%, eclipsing its previous high for the year set in July. The Dow Jones Industrial Average closed...
