Fed’s Raphael Bostic doesn’t foresee rate cuts coming until ‘late 2024’
The central bank official told CNBC that there’s still a lot of work to be done before the Fed reaches its inflation goal of 2% annually.
That would be on top of the carnage already left behind by Hurricane Helene, posing a potential record-breaking path of...
If this sounds like a Goldilocks scenario, it's probably not far from it, even with the lingering inflation concerns.
Black and Hispanic men experienced a fall in jobless rates in September.
Hospitality and health care were two bright spots for the U.S. labor market in September, according to Friday's jobs report.
Nonfarm payrolls were expected to increase by 150,000 in September, according to the Dow Jones consensus forecast.
Nonfarm payrolls are projected to show growth of 150,000, form 142,000 the month before, with a steady unemployment rate of...