U.S. job growth accelerated in February, but a rise in the unemployment rate and moderation in wage gains kept on the table an anticipated interest rate cut in June from the Federal Reserve. Nonfarm payrolls increased by 275,000 jobs last month, the labor Department’s Bureau of Labor Statistics said in its closely watched employment report … Read more
New York Federal Reserve President John Williams sees the U.S. central bank on track to cut interest rates “later this year,” despite stronger-than-expected inflation and labor market data in January, according to an interview with Axios. “My overall view of the economy basically hasn’t changed based on one month of data,” Williams said in an … Read more
With inflation falling, unemployment low and the Federal Reserve signaling it could soon begin cutting interest rates, forecasters are becoming increasingly optimistic that the U.S. economy could avoid a recession. Wells Fargo last week became the latest big bank to predict that the economy will achieve a soft landing, gently slowing rather than screeching to … Read more
