Powell’s Fed shifts to more relaxed approach to fight inflation
Federal Reserve Chair Jerome Powell announced a new approach to monetary policy Thursday that takes a more relaxed stance on...
US jobless claims resume decline but report comes with caveats
Applications for state U.S. unemployment benefits decreased last week following an unexpected jump, indicating the labor market’s gradual recovery is...
US jobless claims unexpectedly increase to more than 1M
Applications for U.S. unemployment benefits unexpectedly increased last week, a stumble for the labor market in its long road to...
US jobless claims below 1M for first time in pandemic
The number of Americans applying for state unemployment benefits fell below 1 million for the first time since the pandemic...
Fed ramps up auto bond buying with industry starting to recover
The Federal Reserve’s historic foray into the credit market has benefitted auto companies the most, supporting an industry that’s borrowed its...
China car recovery gathers pace with July sales accelerating
A recovery in China’s car sales accelerated last month, signaling the world’s biggest auto market is emerging from a two-year...
Job growth tops estimates, signaling US rebound is grinding on
The U.S. labor market continued to regain ground in July, though at a slower pace, indicating the economic rebound is...
US jobless claims fall more than forecast to pandemic low
U.S. applications for unemployment benefits fell more than expected last week to the lowest since the pandemic started, in a...
