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The Fed is unlikely to cut rates, but this week’s meeting is packed with intrigue
Considering nothing is likely to happen when it comes to major policy decisions, this week’s Federal Reserve meeting is packed with intrigue. When the Federal Open Market Committee releases its interest rate decision Wednesday afternoon, the narrative is almost certain to look a lot like the June meeting, with little changed in the statement and officials again holding off on any cuts. However, several fascinating subplots will be in play. Consider: • Two Fed governors — Christopher Waller and Michelle Bowman — are potential “no” votes on keeping the federal funds rate locked at 4.25%-4.5%. If so, it will ... (full story)
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During a meeting last week between President Trump and Federal Reserve Chair Jerome Powell, the president sought to underscore what he said is a "very simple" request: "Interest rates have to come down." That wish isn't likely to be granted when the Fed announces its next interest rate decision on Wednesday. Economists put the probability of the central ...
The United States Federal Reserve is set to announce its interest rate decision later today, with analysts predicting that rates will remain in the current range of 4.25% and 4.50%, amid persisting uncertainty surrounding the impact of tariffs on global trade. US President Donald Trump has repeatedly attacked Fed Chair Jerome Powell for not lowering the ...
The number of job openings was little changed at 7.4 million in June, the U.S. Bureau of Labor Statistics reported today. Over the month, both hires and total separations were little changed at 5.2 million and 5.1 million, respectively. Within separations, quits (3.1 million) were little changed while layoffs and discharges (1.6 million) were unchanged. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class. Job openings include all positions that are open on the last business day of the month. Hires and separations include all changes to the payroll during the entire month. Job Openings The number and rate of job openings were little changed at 7.4 million and 4.4 percent, respectively, in June. The number of job openings decreased in accommodation and food services (-308,000), health care and social assistance (-244,000), and finance and insurance (-142,000). The number of job openings increased in retail trade (+190,000), information (+67,000), and state and local government education (+61,000). (See table 1.) Hires In June, the number and rate of hires were little changed at 5.2 million and 3.3 percent, respectively. The number of hires decreased in arts, e - Prior month revised to 7.712m from 7.769m - Job openings rate was 4.4% in June vs 4.6% prior - 3.142m people quit a job in June vs 3.27m prior - Quits rate at 2% vs 2% - 1.604m workers were fired or laid off in June vs 1.611m prior - Layoffs and discharges rate at 1% vs 1%
