Federal Reserve Chair Powell: US inflation is slowing again after higher readings earlier this year
WASHINGTON (AP) — Federal Reserve Chair Powell: US inflation is slowing again after higher readings earlier this year.
WASHINGTON (AP) — Federal Reserve Chair Powell: US inflation is slowing again after higher readings earlier this year.
The June jobs report comes at a crucial moment as economists debate whether the US labor market is still normalizing to pre-pandemic levels or showing the early signs of a broader slowdown.
The number of available jobs in the US unexpectedly grew in May, signaling there’s still heightened demand for workers.
The number of Americans filing for unemployment benefits inched up last week and remain historically low, however the total number of people collecting jobless benefits continues to grow. The Labor Department reported Wednesday that jobless claims for the week ending June 29 rose by 4,000 to 238,000 from 234,000 the previous week. The total number of Americans collecting unemployment benefits rose for the ninth straight week, to 1.86 million, for the week of June 22.
WASHINGTON (Reuters) -First-time applications for U.S. unemployment benefits increased last week, while the number of people on jobless rolls rose further to a 2-1/2 year high towards the end of June, consistent with a gradual cooling in the labor market. Ebbing labor market momentum, together with abating inflation pressures, keep the Federal Reserve on track to start cutting interest rates this year, with financial markets hopeful that the easing cycle could start in September. Fed Chair Jerome Powell said on Tuesday that the economy was back on a "disinflationary path," but stressed policymakers needed more data before cutting rates.
"In this world, nothing is certain except death and taxes," Benjamin Franklin famously said. All of these years later, he's still spot on. No matter how lucrative your job is, paying taxes is...
The 2024 US Presidential race intensifies. Speculation abounds over potential replacements for President Joe Biden amid increasing pressure from his party and the media to step aside after a jaw-dropping, catastrophic debate against Donald Trump last week. Among the names circulating, a game-changer is emerging: Michelle Obama. Could this be America’s worst nightmare?
On Friday morning, during the Maori New Year public holiday, a 16-year-old teen named Jason was brutally attacked on an Auckland bus by a woman wielding an iron rod. The assailant, described as a Maori woman “more than 200 kilograms," hit Jason multiple times and stabbed him in the face, knocking out five of his teeth, on board the bus after having allegedly shouted "ch*nk" at him at Johns Lane stop. Man intervenes: A 75-year-old Chinese man, Penglai Qiuyue, intervened and managed to grab the weapon, though he was also injured in the process.
Joe Biden has for the first time said that he is considering ending his presidential campaign, according to reports.
Just one problem: This person doesn't seem interested in running, should the opportunity arise.
Police said they uncovered a world of sickening abuse on Eric Cadogan’s houseboat
The post $2 Mao Shan Wang & all-time low prices this durian season appeared first on SETHLUI.com.
Business Insider's reporter toured a secret room above economy where Air New Zealand flight attendants sleep on long-haul Boeing 777-300ER flights.
Singapore wants family offices to set up shop in the country. Now it’s exerting greater scrutiny after a $2.2 billion money-laundering scandal.
The 38-year-old man is the first Japanese national to receive this punishment in Singapore.
Cristiano Ronaldo’s heart-rate data during Portugal’s penalty shootout win over Slovenia has been made public by the maker of a wearable device with whom he has partnered.
Ukraine will be told it is currently too corrupt to join Nato, in a major blow to Volodymyr Zelensky.
"Once it became clear he was committed to those ugly morals, I told him never to contact me."
The post Founder of Hong Ji Mian Shi Jia passed on at age 83, stall now run by 3rd generation appeared first on SETHLUI.com.
A US mid-range missile system deployed in the Philippines for annual joint military exercises -- to the annoyance of China -- will be pulled out of the country, a Philippine Army spokesman said Thursday.The US Army said in April it had deployed the Mid-Range Capability missile system which can fire the Standard Missile 6 (SM-6) and the Tomahawk Land Attack Missile in the northern Philippines.
We have been loving the Instagram outfit pictures of Alix Earle's bikinis, crochet dresses and hotel robes complete with a hair towel from her holiday to Italy.