U.S. Payrolls Marked down by Most Since 2009 in Preliminary Data

"This doesn't challenge the idea we're still in an expansion, but it does signal we should expect monthly job growth to be more muted and put extra pressure on the Fed to cut rates."

By Augusta Saraiva | August 21, 2024 at 01:52 PM

Photo: A retail worker in New York City. Photographer: Yuki Iwamura/Bloomberg.

U.S. job growth was probably far less robust in the year through March than previously reported, keeping pressure on the Federal Reserve to cut interest rates next month.

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Industrial Production Rebounds After Hurricane-Related Drop

By Vince Golle | September 18, 2024

After a 0.9% decline in July, production at U.S. factories, mines, and utilities increased 0.8% in August, exceeding expectations.

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Fed Cuts Rates by Half a Point in Decisive Bid to Defend the Economy

By Catarina Saraiva | September 18, 2024

At future meetings, FOMC policymakers will consider "additional adjustments" to rates based on "incoming data, the evolving outlook, and the balance of risks."

Fed Cuts Rates by Half a Point in Decisive Bid to Defend the Economy

Boeing Furloughs Salaried Staff to Preserve Cash Amid Strike

By Julie Johnsson | September 18, 2024

After burning through more than $8 billion in the first six months of the year, Boeing now faces a cash squeeze that puts its investment-grade rating at risk.

Boeing Furloughs Salaried Staff to Preserve Cash Amid Strike

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