Private sector job growth cools sharply in January to 107,000, worse than expected: ADP
Hiring by private U.S. companies cooled sharply in January, indicating that the labor market is beginning to soften as a result of higher interest rates.
Fed likely to shed light on interest-rate cut timeline at January meeting
The Federal Reserve may shed light on when it will begin to cut interest rates this year amid signs that inflation is moderating faster than expected.
Americans are still worried about high inflation in potential blow to Biden
A new survey published by Gallup found that a majority of Americans say that high inflation is continuing to create financial hardships for their families.
US job openings rise in December to highest level in 3 months
The number of available jobs in the U.S. rose more than expected in December, evidence that the labor market remains strong despite higher interest rates.
US home prices hit a new record high in November
U.S. home prices continued to march higher in November, according to new S&P data, as would-be homebuyers compete for a limited number of homes for sale.
Billionaire bond king questions unemployment data: 'Hard to believe'
State-by-state unemployment numbers aren't matching up with the national rate, "Bond King" Jeffrey Gundlach warns as mass layoffs continue across major companies.
Fed's favorite inflation gauge rose 0.2% in December
The Federal Reserve's favorite measure of tracking inflation rose 0.2% in December after declining the previous month as high consumer prices persist.
Consumers are propping up the US economy, but they're going into debt to do so
U.S. consumers have continued to power the economy with excessive spending, but they are racking up credit card debt and draining their savings to do so.
US economy grew faster than expected during the 4th quarter
Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a 3.3% annualized rate during the fourth quarter.
US economic growth likely slowed at the end of 2023
The Commerce Department's first reading of gross domestic product is expected to show the U.S. economy grew just 2% in the final three months of 2023.
Mortgage demand rises again even as interest rates increase
A key measure of home-purchase applications up 3.7% last week as a recent increase in mortgage rates did little to cool buyer demand, according to new data.
Market expert warns US real estate is a 'slow-moving train wreck'
With "massive" commercial real estate defaults ahead, two experts explain how the U.S. market has embarked on a "slow-moving train wreck" where rate cuts are the only solution.
Layoffs surged 98% in 2023; It could get worse this year
Layoffs in the U.S. jumped 98% in 2023 as companies battled deteriorating market and economic conditions – and more job cuts could be coming this year.
Fed's Daly warns it would be 'premature' to think rate cuts are around the corner
Federal Reserve President of San Francisco Mary Daly on Friday warned that it would be "premature" to assume that interest rate cuts are around the corner.
Existing home sales tumbled to lowest level since 1995 last year
The sale of previously owned homes fell in December, capping out the worst year for home sales since 1995 amid the astronomic spike in mortgage rates.
Jobless claims tumble to lowest level since 2022
The Labor Department reported Thursday that jobless claims fell to the lowest level since mid-2022, underscoring the resilience of the U.S. labor market.
Housing starts fall in December despite sharp drop in mortgage rates
Housing starts fell in December for the first time in four months, even as a drop in mortgage rates spurred a burst of optimism in the housing market.
Full effect of Fed rate hikes have not been seen, Bank of America CEO warns
Bank of America CEO Brian Moynihan details the impact of the Fed's handling of inflation on Americans and why it's important for the central bank not to 'overshoot'
Homebuilder sentiment surges amid sharp drop in mortgage rates
Confidence among homebuilders in the U.S. housing market rose in January for the second consecutive month as high mortgage rates continued to decline.
Home buyers struggle in 2023, but homeownership rate could rise in 2024
Housing inventory was low in 2023, but homeownership stayed steady at 66%. The rate could see an increase in 2024.

















