Here’s what changed in the new statement

New U.S. Federal Reserve Chairman Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., U.S. June 17, 2026. Eric Lee | Reuters Wednesday’s Federal Open Market Committee statement looked drastically different than those issued after previous meetings, offering one…

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Private sector lost 33,000 jobs, missing expectations

FILE PHOTO: A pedestrian passes a “Help Wanted” sign in the door of a hardware store in Cambridge, Massachusetts, U.S., July 8, 2022.  Brian Snyder | Reuters Private sector hiring unexpectedly contracted in June, payrolls processing firm ADP said Wednesday, in a possible sign that the economy may not be as sturdy that investors believe…

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