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fromenglish.elpais.com
3 days ago

A divided Federal Reserve cuts interest rates by 0.25 points amid fears of a deteriorating labor market

In a tense and unusually divided meeting, the U.S. Federal Reserve decided to cut interest rates by 0.25 percentage points to a range of 3.5% to 3.75%. This is the third consecutive rate cut since September, as concerns about a deteriorating labor market outweigh fears of rising inflation. The final meeting of the year also yielded new economic forecasts and offered some clues about the Fed's roadmap for 2026.
US politics
Business
fromBusiness Insider
2 weeks ago

Goldman Sachs flags 'growing signs of weakness' in the US jobs market as layoffs mount

Private-sector layoffs have surged to decade-high levels since 2016 (excluding the pandemic), signaling growing weakness in the U.S. labor market and tougher re-employment.
Business
fromFortune
1 month ago

This is the worst the jobs market has looked (outside of a recession) in 50 years, says Goldman Sachs, meaning bullish GDP estimates are overly optimistic | Fortune

U.S. GDP growth for Q2–Q3 may be overstated because government shutdown data gaps, weakening employment indicators, and temporary tariff stockpiling distort measured growth.
Business
fromFuturism
2 months ago

The AI Bubble Bursting Would Actually Be Incredible for the Economy, Economist Says

AI-driven gains concentrated in a handful of tech firms inflate markets while broader economic indicators show worsening conditions and rising household distress.
fromFortune
3 months ago

Wall Street is locked in for a Fed rate cut next week: The only question is how far and how fast Powell will go

Wall Street expects the Fed to cut rates by 0.25% next week, though some are speculating Jerome Powell could deliver a "jumbo" 0.5% move, given how weak recent labor market data has been. Global markets and U.S. S&P 500 futures rose on expectations of cheaper money, but there are still two more rounds of inflation data prior to the Fed's call.
Business
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