Wholesale prices rose 0.2% in August, in line with expectations
Wholesale prices rose in August about in line with expectations, the final inflation data point as the Federal Reserve gets set to lower interest rates.
Jeff Cox in asian news
The Fed has the proof it wants that inflation is slowing, but the next move is still up in the air
Federal Reserve officials head into their policy meeting Tuesday closer to their goal of low inflation, but how much they will ease back on interest rates remains an open question.
Asia-Pacific markets mixed as China stocks rebound from 6-year low; yen strengthens to 9-month high
Asia-Pacific markets were mixed Friday, as mainland Chinese markets rebounded from a six year low and Australian markets near an all time high.
Consumer prices rose 0.2% in August as annual inflation rate hits lowest since early 2021
Inflation in August declined to its lowest level since February 2021, according to a Labor Department report Wednesday that also showed a key measure higher than expected, setting the stage for an expected quarter percentage point rate cut from the Federal Reserve.
August payrolls grew by a less-than-expected 142,000, but unemployment rate ticked down to 4.2%
The U.S. economy created slightly fewer jobs than expected in August, reflecting a slowing labor market while also clearing the way for the Federal Reserve to lower interest rates later this month.
Friday's jobs report for August is going to be huge. Here's what to expect
Wall Street is gearing up for one of the most important economic releases of the year Friday, when the Labor Department puts out a jobs report expected to go a long way in determining the future of Federal Reserve policy.
Job openings fell more than expected in July in another sign of labor market softening
Job openings slumped to their lowest level in 3½ years in July, the Labor Department reported Wednesday in another sign of slack in the labor market.
Atlanta Fed President Bostic says officials can't wait for inflation to hit 2% before cutting
Atlanta Federal Reserve President Raphael Bostic signaled Wednesday that he is ready to start lowering interest rates even though inflation is still running above the central bank's target.