NEW YORK – U.S. financial markets showed signs of volatility on Tuesday as the federal government shutdown entered its second week, with investors growing increasingly concerned about the economic impact of the prolonged political deadlock in Washington. The S&P 500 dropped 1.2% in morning trading, while the Dow Jones Industrial Average fell 380 points, or…
NEW YORK – U.S. stock markets surged to record highs on Tuesday as Federal Reserve Chair Jerome Powell signaled the central bank is likely to maintain its pause on interest rate adjustments, citing stabilizing inflation and sustained economic growth. The S&P 500 climbed 1.8%, closing at 5,847 points, while the Dow Jones Industrial Average jumped…
WASHINGTON – The Federal Reserve has sent strong signals that interest rate cuts may be on the horizon as recent economic data shows inflation continuing its downward trajectory, raising optimism among economists and market analysts. In remarks delivered at a financial conference in New York, Federal Reserve Chair Jerome Powell indicated that the central bank…
Washington, D.C. – The U.S. economy added 254,000 jobs in September, significantly exceeding economists’ expectations of 150,000 new positions, according to the Bureau of Labor Statistics (BLS) report released Friday. The unemployment rate held steady at 4.1%, marking continued resilience in the labor market despite elevated interest rates and ongoing economic uncertainty. The latest payroll…
