The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labor market do not prove fleeting.» Read More
New orders at U.S. factories jumped a much stronger than expected 1.4 percent in March, and durable goods orders for the month rose a revised 0.1 percent, a government report showed.
Stock index futures hovered around the unchanged mark Friday as investors waited for the latest employment numbers.
The latest overall job loss numbers are much better than economists expected and still well below the six figure numbers seen in past recessions. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
Futures rallied 12 points on better than expected nonfarm payrolls report, with minor revisions in February and March numbers. The market will like it because while the economy is clearly soft, we are not seeing a wholesale collapse in the job market. Wages, however are weak, negative in fact if adjusted for inflation.
What's the trade ahead of Friday’s eagerly anticipated jobs report?
Investors are anticipating another gloomy reading on U.S. employment on Friday, though market reaction may be somewhat muted.
It’s a job hunter’s dream come true: A shortage of talent and a wealth of needy employers has made for a hot job market for some.
Europe's central banks should serve as an example to the Federal Reserve of how to manage an economy suffering through stagnation and liquidity issues, Pimco's Bill Gross told CNBC/Europe.
The number of workers applying for jobless benefits surged last week, but personal spending in March was stronger than expected, government data showed.
There are a lot of ways to describe what the Fed did today: it took the rate-cut punch bowl off the dining room table, but didn't pour out the punch. It took a baby-step towards neutral, not a grown-up step. That means it preserved the ability to cut if it needs to.
“The news on the economy is going to be pretty much unrelentingly bad in the next few months,” says one economist, who thinks the Fed may keep cutting after today.
The full statement released by the Federal Open Market Committee after its meetings held from April 29-30 on interest rate policy.
The Federal Reserve trimmed interest rates to 2% but left markets guessing about whether further cuts would be needed.
Even though the economy continued to grow in the first quarter, many economists believe we're already in a recession.
“The news on the economy is going to be pretty much unrelentingly bad in the next few months,” says one economist, who adds there’s good chance the Fed will keep cutting rates after Wednesday's meeting.
The bruised economy limped through the first quarter of this year at only 0.6 percent as housing and credit problems forced people and businesses alike to hunker down.
U.S. private-sector employers unexpectedly added 10,000 jobs in April according to a private report by ADP Employer Services released on Wednesday.
As the U.S. Treasury races to get rebate checks to households, higher gasoline prices are blunting the economic impact of the $152 billion stimulus package.
The US economy indeed has entered into a recession, even if the traditional indicators aren't showing it yet, billionaire investment guru Warren Buffett said.
The stock market will likely start the week on a hesitant note with Wall Street facing the first Federal Reserve interest-rate decision in many months not knowing that a cut is likely guaranteed.