Fed close to pulling off the elusive economic soft landing in 2024 after great September jobs report

A hiring sign is posted on the exterior of Urban Outfitters at the Tysons Corner Center mall on August 22, 2024 in Tysons, Virginia.  Anna Rose Layden | Getty Images…

Jobless rates fall for Black and Hispanic men in September

Job seekers attend the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena in Sunrise, Florida, on June 26, 2024. Joe Raedle | Getty Images The unemployment rate…

U.S. bans new Chinese firms over forced labor claims in Uyghur region

U.S. Department of Homeland Security emblem.  Gwengoat | Istock | Getty Images The U.S. has added two new Chinese companies to a Xinjiang trade blacklist over forced labor accusations. The…

Here’s where the jobs are for September 2024 — in one chart

The September jobs report was surprisingly strong, and the details show that growth came from many different areas of the economy. The biggest contributions came from leisure and hospitality, with…

September 2024 U.S. jobs report:

The U.S. economy added far more jobs than expected in September, pointing to a vital employment picture as the unemployment rate edged lower, the Labor Department reported Friday. Nonfarm payrolls…

Unemployment among Black workers falls in August

An attendee takes information about a California State job at a City Career Fair hiring event in Sacramento, California, on June 5, 2024. David Paul Morris | Bloomberg | Getty…

EU economy survived ‘terrible prophecies’, now faces trade with China: EU’s Gentiloni

The European Union has successfully avoided the “terrible prophecies” that threatened its economy in recent years, but must still contend with Russia’s war in Ukraine and a tenuous trade relationship…

Powell indicates further, smaller rate cuts, insists the Fed is ‘not on any preset course’

Federal Reserve Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive, in…

Saudi Arabia slashes growth forecasts, sees wider budget deficits

Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia cut its growth forecasts and raised its budget deficit estimates for the fiscal years 2024 to 2026, looking ahead…

Port strike could reignite inflation, with larger economic impact dependent on how long it lasts

A strike hitting ports along the East and Gulf coasts could stoke prices for food, autos and a host of other consumer goods but is expected to cause only modest…