Bowman said that it’s possible more hikes could be needed, rather than the cuts the market is expecting.
Unemployment rate among Black Americans jumped in March, contrasting overall trends
Black workers saw their unemployment rate rise to 6.4% from February’s rate of 5.6%. For Black women, this figure spiked to 5.6% from 4.4%.
Demand for french fries reflects resilient consumer as so-called fry attachment rate holds steady
The “fry attachment rate” remains above historical levels, a positive sign for the economy.
Here’s where the jobs are for March 2024 in one chart — in one chart
Health care and government led hiring last month, while leisure and hospitality finally regained its pre-pandemic employment level.
Job growth zoomed in March as payrolls jumped by 303,000 and unemployment dropped to 3.8%
Nonfarm payrolls were expected to increase by 200,000 in March and the unemployment rate was forecast to decrease to 3.8%.
Stocks making the biggest moves premarket: Krispy Kreme, Cinemark, Western Digital and more
These are the stocks posting the largest moves in premarket trading.
Behind this week’s selloff and what could cause it to turn into a full-blown correction
After Thursday’s selloff, investors should ask themselves, “What might cause a more serious drop in the markets?”
Free trade flaws fueled Trump’s rise in 2016 — and the problems remain, top economist says
Decades of trade deficits and a strong dollar created too many “losers” in the U.S. economy who turned to Donald Trump’s protectionist policies, says Nomura’s Richard Koo.
Economist El-Erian says the Fed has turned into a play-by-play commentator
The U.S. Federal Reserve has become too data dependent and has lost sight of its overall strategy, Mohamed El-Erian, chief economic adviser at Allianz, said Friday.
China’s Nio to expand battery swap services to gain an edge on EV infrastructure
Battery swapping takes only a few minutes and is expected to better address consumers’ driving range concerns.