Fed Confronts up to a Million U.S. Jobs Vanishing

Several big banks are projecting large negative revisions to Q1 jobs numbers, suggesting the labor market has been cooling for longer—and perhaps more dramatically—than originally thought.

By Augusta Saraiva | August 20, 2024 at 04:09 PM

Photo: Attendees and recruiters at a City Career Fair hiring event in Sacramento, California. Photographer: David Paul Morris/Bloomberg.

U.S. job growth in the year through March was likely far less robust than initially estimated, which might fuel concerns that the Federal Reserve is falling further behind the curve to lower interest rates.

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Core U.S. Inflation Picks up, Dampening Odds of Outsize Fed Cut

By Augusta Saraiva | September 11, 2024

In August, the core CPI increased 2.1% on a three-month annualized basis, picking up from 1.6% in July.

Core U.S. Inflation Picks up, Dampening Odds of Outsize Fed Cut

Why Companies Are Racing to the U.S. Debt Market

By Caleb Mutua & Jeannine Amodeo | September 09, 2024

Borrowing costs have become compelling, as markets are already pricing in expectations for reduced interest rates. And several external factors could reverse that trend.

Why Companies Are Racing to the U.S. Debt Market

Newest Jobs Data Fails to Resolve Debate over Fed Rate Cut

By Amara Omeokwe & Michael Mackenzie | September 06, 2024

"There's a strong argument for a half percent" interest rate cut when the Federal Reserve meets in mid-September. "It's going to be hotly debated."

Newest Jobs Data Fails to Resolve Debate over Fed Rate Cut

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