Fed confronts up to a million US jobs vanishing in revision

(Bloomberg) -- US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates. Most Read from BloombergA Floating Island in Baltimore Raises Hope for a Waterfront Revival‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemNJ Tr

EUR/USD and GBP/USD Latest – Updated Sentiment Analysis

Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates

Federal Reserve officials have said they're increasingly confident that they've nearly tamed inflation. With inflation cooling toward its 2% target, the pace of hiring slowing and the unemployment rate edging up, the Fed is poised to cut its benchmark interest rate next month from its 23-year high. Chair Jerome Powell will likely provide some hints about how the Fed sees the economy and what its next steps may be in a high-profile speech Friday in Jackson Hole, Wyoming, at the Fed's annual conference of central bankers.

Oil Holds Decline as US Push for Gaza Cease-Fire Gains Momentum

(Bloomberg) -- Oil held the biggest drop in more than two weeks as the US said Israel had accepted a cease-fire proposal to halt the war in Gaza, potentially easing supply risks just as concerns about the outlook for demand mount.Most Read from BloombergA Floating Island in Baltimore Raises Hope for a Waterfront Revival‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksThe Cross-Continental Race Using Only Public Tran

Stock market today: S&P 500, Nasdaq notch longest win streaks of 2024 as August turnaround continues

Trump Defends Fed Criticism, Weighs Providing Aid to Home Buyers

(Bloomberg) -- Donald Trump downplayed criticism he’s undercut the US Federal Reserve’s autonomy, saying he should be able to freely share his views on interest-rate policy.Most Read from BloombergA Floating Island in Baltimore Raises Hope for a Waterfront Revival‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksThe Cross-Continental Race Using Only Public TransitClimate Disasters Are an Affordable Housing Problem“I

Some of the most popular campaign ideas are also the dumbest

Shark Tank’s Kevin O’Leary rips Kamala Harris’s economic platform: ‘They tried that in Venezuela, Cuba, North Korea, the USSR’

The vice president and Democratic presidential nominee plans to punish grocery stores for price gouging, and proposed grants to first-time homebuyers.

Monterey Car Week: Unrestored Bugatti wins top honors; auction action hits speed bump; new luxe cars debut

An economic catastrophe is lurking beneath Russia’s GDP growth as Putin ‘throws everything into the fireplace’

An economic catastrophe driven by the fundamental flaws in Russia's current strategy is looming large as Ukrainian forces fight on Russian soil.