Economy shed jobs in July
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The world’s largest economy lost steam heading into summer as red-hot demand for AI infrastructure widened the trade deficit, dampening growth.
With job growth tanking and the economy wobbling, pressure is on for the Federal Reserve to start lowering interest rates. Market expectations have shifted notably on rates as trouble signs have built around employment. With job growth tanking and the ...
Lagging consumer spending and business investment offset the boost from strong exports thanks partly to the boom in artificial intelligence.
Gross domestic product grew at a slower rate in the second quarter and persistent price pressures are unsettling financial markets.
Roger W. Ferguson Jr. is the Steven A Tananbaum Distinguished Fellow for International Economics at the Council on Foreign Relations. Maximilian Hippold is a research associate at CFR. Iran’s closure of the Strait of Hormuz after the February U.S. and ...
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In a troubling sign for the economy, the Bureau of Labor Statistics said that it revised down the prior two months’ jobs by a combined 103,000.