Economy News

Global Finance & Economic Policies

Track global economic trends, policy decisions, financial markets, and international trade developments that shape the world economy.

Jobless rates fall for Black and Hispanic men in September

Job seekers attend the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena in Sunrise, Florida, on June 26, 2024. Joe Raedle | Getty Images The unemployment rate for men in Black and ...

Oct 4 0 views

U.S. job creation roared higher in September as payrolls surged by 254,000

The U.S. economy added far more jobs than expected in September, pointing to a vital employment picture as the unemployment rate edged lower, the Labor Department reported Friday. Nonfarm payrolls sur...

Oct 4 0 views

Here's everything to expect when the September jobs report is released Friday

Attendees at the Albany Job Fair in Latham, New York, US, on Wednesday, Oct. 2, 2024. Angus Mordant | Bloomberg | Getty Images September’s jobs picture is expected to look a lot like August’s — a grad...

Oct 4 0 views

Private payrolls show better-than-expected growth of 143,000 in September, ADP says

Private sector hiring picked up in September, indicating the labor market is holding its ground despite some signs of weakness, payrolls processing firm ADP reported Wednesday. Companies added 143,000...

Oct 2 0 views

Port strike could reignite inflation, with larger economic impact dependent on how long it lasts

A strike hitting ports along the East and Gulf coasts could stoke prices for food, autos and a host of other consumer goods but is expected to cause only modest broader impacts — so long as it doesn’t...

Oct 2 0 views

Saudi Arabia slashes growth forecasts, sees wider budget deficits

Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia cut its growth forecasts and raised its budget deficit estimates for the fiscal years 2024 to 2026, looking ahead to a period of high...

Oct 1 0 views

Powell indicates further, smaller rate cuts, insists the Fed is 'not on any preset course'

Federal Reserve Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive, in fact indicating t...

Sep 30 0 views

Key Fed inflation gauge at 2.2% in August, lower than expected

Inflation moved closer to the Federal Reserve’s target in August, easing the way for future interest rate cuts, the Commerce Department reported Friday. The personal consumption expenditures price ind...

Sep 27 0 views

Swiss central bank cuts rates by a quarter point in third trim this year

A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | Reuters The Swiss National Bank on Thursday took a thir...

Sep 26 0 views

September consumer confidence falls the most in three years

Consumers’ view on the economy tumbled in September, falling by the largest level in more than three years as fears grew about jobs and business conditions, the Conference Board reported Tuesday. The ...

Sep 24 0 views

Britain's finance minister calls for spending discipline but no return to austerity

Britain’s Chancellor of the Exchequer Rachel Reeves speaks on the second day of the annual Labour Party conference in Liverpool, north-west England, on September 23, 2024. Paul Ellis | Afp | Getty Ima...

Sep 23 0 views

The Fed has set out on a 'recalibration' of policy. Here's what Powell's new buzzword means

Federal Reserve Chair Jerome Powell has unveiled his latest buzzword to describe monetary policy, with a “recalibration” of policy at a pivotal moment for the central bank. At his news conference foll...

Sep 19 0 views