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Economy
The big January jobs report comes out Friday. Here’s what to expect
A hiring sign is posted on the door of a Taco Bell on August 22, 2024 in Alexandria, Virginia. Anna Rose Layden | Getty ImagesThe U.S. labor market likely began 2025 in solid fashion, if a bit of a step down from where it closed the…
Job openings decline sharply in December to 7.6 million, below forecast
Job openings slid in December while hiring, voluntary quits and layoffs held steady, the Labor Department reported Tuesday.Available positions tumbled to 7.6 million, the lowest since September, and below the Dow Jones estimate for 8…
Fed officials are raising concerns about the impact Trump’s tariffs could have on
Austan Goolsbee speaking at Jackson Hole on August 23, 2024. David A. Grogan | CNBCFederal Reserve officials take great pains not to comment on fiscal policy, but the looming threat from tariffs is forcing their hand.In recent days,…
Private payrolls expanded by 183,000 in January, topping expectations, ADP says
Private sector companies added more jobs than expected in January, furthering the case for a stable labor market that allows the Federal Reserve time as it contemplates its next policy move, ADP reported Wednesday.The payrolls processing…
Fed Vice Chair Jefferson advocates remaining cautious on rates as policy drama unfolds
Philip Jefferson speaks during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, D.C., U.S., on Feb. 3, 2022. The U.S. Senate on Wednesday voted overwhelmingly to confirm Philip Jefferson, an…
The Fed could find itself in a policy Catch-22 if tariffs spike inflation and slow growth
Flags outside the Fairmont Royal York in downtown Toronto, Feb. 3, 2025. Andrew Francis Wallace | Toronto Star | Getty ImagesA complicated scenario is emerging surrounding the tariff drama that could put the Federal Reserve in an…
As markets buckle up for Trump tariffs, these global sectors brace for a rough ride
U.S. President Donald Trump this weekend announced hefty tariffs on his country's three biggest trading partners, leaving investors scrambling to position themselves for a global trade war.Canada and Mexico face 25% duties on their…
In a switch, Trump approves of the Fed’s decision to hold interest rates steady
U.S. President Donald Trump looks on as he signs an executive order in the Oval Office at the White House in Washington, U.S., Jan. 31, 2025. Carlos Barria | ReutersPresident Donald Trump agreed with the Federal Reserve for its decision…
Euro zone inflation rises to hotter-than-expected 2.5% in January on energy price hike
A person buys products at a Mercadona store in Lisbon, Portugal, on January 25, 2025.Luis Boza | Nurphoto | Getty ImagesThe euro zone inflation accelerated to a hotter-than-expected 2.5% in January on an annual basis as energy costs…
Why more retirement-age Americans keep working
When it came time for Diane Wetherington to consider retirement, reality quickly set in.The 72-year-old debated devoting her time to crafting and doting over her grandkids and even gave full-time retirement a try. But she soon realized…