Fed Chairman Jerome Powell said Friday the central bank ‘will be patient’ as it weighs future interest rate hikes. Stocks surged.
Author: Paul Davidson, USA TODAY
December jobs report: 312,000 added, easing recession fears amid stock turmoil
The labor market bounced back in December as employers added312,000jobs amid stock turmoil and increasing worker shortages, easing recession fears.
Jobs: Blue-collar fields revved up hiring this year as white-collar sectors moderated
Blue-collar fields stepped up hiring in 2018 as white-collar sectors moderated. Credit improved global economy, housing recovery, rising oil prices
Mulvaney: Trump ‘now realizes’ he can’t fire Federal Reserve Chairman Jerome Powell
Although the president appoints Fed governors, the Fed is an independent agency and the governors can be fired only “for cause.” It’s unclear if Trump could remove Powell as chairman while he remains a governor.
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Q&A: Does the stock market sell-off mean a recession is coming?
Is the stock market’s recent plunge signaling a recession in 2019? Economics reporter Paul Davidson breaks it down.
Fed decision: Central bank lifts interest rates, lowers forecasts to two hikes in 2019
The Federal Reserve raised interest rates and forecast two more hikes next year. The Fed aims to prevent a run-up in inflation.
Economy added disappointing 155,000 jobs in November
The economy added tepid 155,000 jobs in November. Economists expected 199,000 gains.
The dirty little secret behind jobless claims: record-low numbers aren’t all they seem
The share of laid-off workers seeking jobless benefits is lowest on record. It’s raising questions about a vital safety net in event of downturn
More retailers go cashless to cut costs, theft as holiday shopping ramps up
A small but growing number of retailers are no longer accepting cash. They want to limit the costs of handling dollar bills, and theft
An early holiday gift: Lower gas, oil prices could boost spending, economy
The drop in oil and gas prices is likely to lift consumer spending and the economy. That boost should more than offset a dip in oil investment.