The Latest Breaking News from US Federal Reserve

January’s gains were broad-based across industries. A category that includes restaurants and bars added 99,000 jobs. Professional and business services jobs, including bookkeepers and consultants, rose by 82,000.

Comes as Biden and McCarthy begin debt ceiling negotiations

WASHINGTON: US job gains surged unexpectedly last month as unemployment slipped to its lowest rate in more than five decades, government data showed on Friday, despite efforts to cool economic activity.

Despite the cooling inflation, the Fed is not expected to cut rates in 2023 as it is committed to achieving its 2% inflation target. Continued rate hikes, albeit at a lower rate, could potentially push the economy into a recession this year. Amid lingering recession fears, it could be wise…

Total is far higher than what economists expected even as Federal Reserve continues to raise interest rates to bring down inflation

Although moderating inflation has raised investor confidence, the Fed has signaled its intention of further rate hikes. Moreover, with recessionary fears looming, the stock market could be volatile for a while. Against this backdrop, fundamentally weak stocks Advanced Micro Devices (AMD) and Rivian Automotive (RIVN) might be best avoided now.…

The numbers are more than double the 190,000 forecasters anticipated.

As inflation shows signs of cooling, the Fed has significantly slowed its aggressive rate hike policy. Moreover, given a tight labor market, experts believe the economy might avoid a recession. Amid the rising optimism, we think quality stocks Merck (MRK), PepsiCo (PEP), and Limbach (LMB) are ideal buys for long-term…

Last week it was the Federal Reserve’s Open Market Committee shaping monetary policy and investor expectations. In the week ahead, it will be the Fed’s open mouth practices at work.

The Federal Reserve shocked no one Wednesday when it announced another 25 basis-point hike to interest rates. Yet our lack of surprise doesn’t mean a lack of questions about the central bankers’ continuing anti-inflation warpath.

The majority of central banks in the Gulf region raised the main interest rates on Thursday, following a decision by the US Federal Reserve to raise its key policy rate by 0.25%, in an effort to counter inflation. Qatar kept the interest rate unchanged, while the Saudi Central Bank (SAMA),…