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US economy grew slightly in recent weeks, Fed survey says. December 4, 2024 at 11:18 AM. FILE PHOTO: The Federal Reserve building is seen in Washington, DC
On the labor market side, jobless claims climbed higher than expected last week, a sign of a softening labor market. The number of Americans filing new claims for unemployment benefits reached ...
The fresh report marks one of the last major pieces of economic data before the presidential election. U.S. GDP grew at a 2.8% annualized rate over three months ending in September. That figure ...
800-290-4726 more ways to reach us. Sign in. Mail. 24/ ... Reserve to front-load easing with a big initial rate cut this week. ... isn't necessary at all given the relative strength of the economy.
This followed reports of weekly initial claims for unemployment insurance that increased from a typical level of around 200,000 per week through early March, to 3.3 million the week of March 21, a peak of 6.9 million (March 28), and declines each week thereafter to 3.0 million the week of May 9.
Federal Reserve Chair Jerome Powell said Wednesday that the US economy ... week to slap a 25% tariff on imports from Mexico and Canada and an additional 10% duty on Chinese goods on the first day ...
The U.S. economy has continued to expand in the face of the much higher borrowing rates the Fed imposed in 2022 and 2023 in its drive to curb the inflation that surged as the United States bounced ...
Federal Reserve Chair Jerome Powell last week also cited the still-healthy economy as a reason to cut interest rates and not get behind the curve. "The US economy is in good shape," Powell said ...