New unemployment applications in the United States fell last week after soaring to new heights for nearly two years. Analysts advise this points to growing stability in the labor market that should continue to support better consumer spending and the economy, overall. Specifically, jobless claims fell by 18,000, marking a seasonally
The Federal Reserve will continue to sit on interest rates, this week, noting that the Federal Open Market Committee has elected to keep rates at the target range of 1.5 to 1.75 percent. In addition, the Fed said it might hold rates at this range through, at least, the beginning of
Gold prices dipped early this Monday morning due to a strong and active dollar based on the easing of fears of an escalation of the US-China trade war shortly after a report that the US currently does not have any plans of removing Chinese businesses from the US stock markets.
United States President Donald Trump called for the Federal Reserve to maneuver interest rates to zero “or less” in a new bid to engineer negative yields that he claims will finally help the US stimulate growth by curbing borrowing costs. With a tweet, as is par for course with this
Wall Street saw a bit of a sharp decline mid-week on the heels of recession fears with the US Treasury yield curve inverted—albeit temporarily—for the first time in 12 years. Accordingly, all three major indexes in the United States stock market closed down approximately 3 percent; the blue-chip Dow Jones
Nearing the end of this week, United State President Donald Trump intimated he could make another decision about imposing yet another series of tariffs on Chinese goods, following his meeting with Chinese officials at the G-20 summit in Japan, later this month. It was not long ago, in fact, that
The latest US jobs report had some distressing news, this week, showing that the economy is not adding jobs at pace that follows analyst expectations. While this might actually be a sign that things are improving—because there are so few people looking for work, hopefully—one thing that might indicate a recovery
US job growth slowed in November and analysts theorize the rate is parallel to that of the slowing economic growth. While nonfarm payrolls did, in fact, increase last month, the November jobs report did not perform as well as the Dow Jones had expected—198,000—which was already downgraded from the earlier