Jamie Dimon warns that inflation, wars and Fed policy pose major threats ahead
JPMorgan Chase CEO Jamie Dimon warned Friday that multiple challenges, primarily inflation and war, threaten an otherwise positive economic backdrop.
Jeff Cox in asian news
BlackRock's Larry Fink sees Fed cutting rates twice this year but missing 2% inflation goal
BlackRock CEO Larry Fink predicted Friday that the Federal Reserve likely will still cut interest rates this year but won't meet its inflation target.
Wholesale prices rose 0.2% in March, less than expected
A measure of wholesale prices increased less than expected in March, providing some potential relief from worries that inflation will hold higher for longer than many economists had expected.
Consumer prices rose 3.5% from a year ago in March, more than expected
The consumer price index accelerated at a faster-than-expected pace in March, pushing inflation higher and likely dashing hopes that the Federal Reserve will be able to cut interest rates anytime soon.
Job growth zoomed in March as payrolls jumped by 303,000 and unemployment dropped to 3.8%
Job creation in March easily topped expectations in a sign of continued acceleration for what has been a bustling and resilient labor market.
Job gains expected again in March. Here are all the things to look for in Friday's report
The March nonfarm payrolls count likely will indicate hiring continuing at a solid pace, though some weakening foundations of the labor market could take greater focus when the Labor Department releases its key report Friday morning.
Private payrolls increased by 184,000 in March, better than expected, ADP says
Private sector job growth expanded in March at its fastest pace since July 2023, indicating continuing buoyance in the U.S. labor market, payrolls processing firm ADP reported Wednesday.
Atlanta Fed President Bostic sees only one rate cut this year, occurring in the fourth quarter
Atlanta Federal Reserve President Raphael Bostic expressed concern Wednesday about the pace of inflation and indicated he doesn't think interest rate cuts should come until much later in the year.