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The Fed, however, projected only two rate cuts this year compared to the four it had forecast in September, when it kicked off its policy easing cycle. The policy rate was hiked by 5.25 percentage ...
Unemployment seen hitting a near three-year high by June 2025. ... Responses ranged from a low of 4.1 percent to as high as 5 percent for the unemployment rate. The worst forecast penciled in job ...
Initial claims for state unemployment benefits dropped 22,000 to a seasonally adjusted 220,000 for the week ended Dec. 14, the Labor Department said. Economists polled by Reuters had forecast ...
The unemployment rate is forecast unchanged at 4.2%. The Federal Reserve last month delivered a third consecutive interest rate cut, lowering its benchmark overnight interest rate by 25 basis ...
Officials see the unemployment rate ticking up slightly to 4.3% in 2025, lower than the previous forecast of 4.4%. Unemployment is expected to remain at that level through 2026 and 2027.
WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits dropped to an eight-month low last week, pointing to low layoffs at the end of 2024 and consistent ...
The economy enters 2025 in reasonably good shape, with a low unemployment rate, modest inflation, a trend toward declining interest rates and strong corporate profit growth that has been giving ...
To wit, the Fed actually lowered its unemployment forecasts from 4.4% to 4.2% for the end of this year and from 4.4% to 4.3% next year. Read more: What the Fed rate cut means for bank accounts ...