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Job Market Cools In April: Payrolls Miss Forecasts, Wages Rise Less Than Expected
The April performance of the U.S. labor market missed expectations, providing some evidence of cooling economic momentum and potentially leaving the door open for interest rate reductions later this y
BenzingaMay 3 20:37
Asia And Europe Markets Mixed; Crude Oil Drops Below $80 - Global Markets Today While US Slept
On Wednesday, May 1st, the U.S. stock markets closed mixed after the Federal Reserve held interest rates steady and hinted at a possible future rate cut, though it noted that inflation improvements ar
BenzingaMay 2 18:49
Powell Keeps Hawks At Bay, Says Interest Rate Hike 'Unlikely': Stocks, Gold Rally, While Treasury Yields, Dollar Tumble
Federal Reserve Chair Jerome Powell emphasized the need to allow more time for restrictive monetary policies to bring inflation toward the Fed's 2% goal Wednesday while reassuring markets the Fed's po
BenzingaMay 2 03:51
Fed Keeps Interest Rates Steady, Announces Slower-Than-Expected Pace Of Balance Sheet Runoff
The Federal Reserve opted to keep the federal funds rate unchanged at 5.25% to 5.5% Wednesday, as widely expected, reinforcing its commitment to steering the economy toward sustainable growth and cont
BenzingaMay 2 02:22
Manufacturing Activity Gauge Contracts Again In April: Commodity Costs Hit Producers
The U.S. manufacturing activity sentiment missed expectations in April.After a brief uptick in March, activity retraced back into contraction, according to the Institute for Supply Management (ISM). A
BenzingaMay 1 22:47
Private Employment Increases By 192,000, Beats Forecasts: 'Hiring Was Broad-Based In April'
The rate of job creation in U.S. private sector businesses surpassed predictions in April, indicating continued strength in the employment landscape.Private employers added 192,000 new jobs last month
BenzingaMay 1 20:23