unemployment rate

Jerome Powell says Fed wants to see ”more good inflation readings” before it can cut rates

by

Federal Reserve Chair Jerome Powell on Friday reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won’t be ready to do so until it sees “more good inflation readings” and is more confident that annual price increases are falling toward its 2 per cent … Read more

job growth: US job growth accelerates in February; unemployment rate rises to 3.9%

by

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