By Naomi Rovnick and Alun John LONDON (Reuters) -The U.S. Federal Reserve has moved back into line with other major rate setters after it cut rates by a…
Read more Global central banks converge towards rate cut cautionThe weak August jobs report increases pressure on the Fed to cut interest rates this fall. Getty Images “The job market is done, busted.” That’s how Chris Rupkey,…
Read more The Labor Market Looks Broken—Is There a Fix Beyond Interest Rate Cuts?Fed chair Jerome Powell delivered what will likely be his last speech at the Jackson Hole Economic Symposium today (Aug. 22). Chip Somodevilla/Getty Images Jerome Powell, chair of…
Read more Jerome Powell Signals Fed Policy Shift to Balance Inflation and Jobs Strains