Jerome Powell, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Sept. 17, 2025. Kent Nishimura | Bloomberg | Getty Images Federal Reserve Chair Jerome Powell on Tuesday suggested the central bank is nearing a point where it will stop…
Federal Reserve Governor Christopher Waller said Friday that he continues to support lowering interest rates but said the central bank needs to be careful amid conflicting economic signals. “I’m still in the belief we need to cut rates, but we need to kind of be cautious about it,” Waller said during an interview on CNBC’s…
Pra-chid | Istock | Getty Images The IRS has announced new federal income tax brackets and standard deductions for 2026. In its announcement Thursday, the agency raised the income thresholds for each bracket, which apply to tax year 2026 for returns filed in 2027. The IRS also boosted figures for other provisions, including long-term capital gains…
Federal Reserve officials in September were strongly inclined to lower interest rates, with the only dispute seeming to be over how many cuts were coming, meeting minutes released Wednesday showed. The meeting summary indicated near unanimity among participants at the Federal Open Market Committee that the central bank’s key overnight borrowing rate should be cut…
An ABB robot on a production line at the Sony UK Technology Centre in Pencoed, UK. Bloomberg | Bloomberg | Getty Images SoftBank Group on Monday said it had agreed to buy the robotics division of Swiss engineering firm ABB for $5.4 billion, as the Japanese giant looks to bolster its artificial intelligence plays. The…
Soldiers march during a military parade to commemorate the U.S. Army’s 250th Birthday in Washington, D.C., U.S., June 14, 2025. Nathan Howard | Reuters As the government shutdown drags on with little hope of a quick resolution, a situation involving the U.S. military could push the warring factions in Washington to come to an agreement….
Job fair signage as job seekers arrive at the Appalachian State University internship and job fair in Boone, North Carolina, US, on Wednesday, Oct. 1, 2025. Allison Joyce | Bloomberg | Getty Images Unemployment changed little in September, while layoff and hiring rates both slowed, according to separate labor market reports Thursday. The jobless level…
Consumer confidence edged lower in September ahead of an expected data blackout caused by the looming federal government shutdown, the Conference Board reported Tuesday. The board’s headline confidence index registered a 94.2 reading, off 3.6 points from the August reading and below the Dow Jones estimate for 96.0. The reading was the lowest since April…
The US Capitol is seen in the background as signage for US Department of Labor is seen in Washington, DC on August 4, 2025. Jim Watson | Afp | Getty Images The Labor Department is preparing for what would amount to a news and data blackout should the U.S. government suspend operations. In a contingency…
The personal consumption expenditures price index for August was expected to increase 2.9% from a year ago. Source link
