Initial US employment reports overstated by 439,000 jobs in 2023
There’s something wrong with previous U.S. jobs reports. The government quietly erased 439,000 jobs through November 2023, a closer look...
Economy
Economy still appears headed for recession, U.S. leading index signals
The numbers: The leading economic index declined 0.5% in November, falling for the 20th month in a row, and continued to...
Top US auto safety official will leave agency
By David Shepardson WASHINGTON (Reuters) -The acting head of the National Highway Traffic Safety Administration (NHTSA) said on Friday she...
Soda taxes made sugary drink prices rise and sales fall in cities that tried them, study finds
Sales of sugary drinks plummeted by about one-third across five U.S. cities after they started taxing those products, a study...
U.S. mortgage rates fall for eighth week in a row, drawing buyers off the sidelines
Mortgage rates fell for the eighth week in a row, staying well below 7%, providing a much-needed boost to the...
Fed’s Williams douses Wall Street’s rate-cut speculation
By Michael S. Derby and Howard Schneider (Reuters) -Just days after a Federal Reserve meeting that penciled in an ample...
Critical piece of Alaska Airlines Boeing plane found in Portland school teacher’s backyard
A critical piece of the Alaska Airlines Boeing plane that suffered a blowout mid-flight has been found in a schoolteacher's...
U.S. durable-goods orders rebound in November by most since July 2020
The numbers: Orders for durable goods rose 5.4% in November, the U.S. government said Friday. This is the largest gain...
Exclusive-Fed’s Bostic sees two rate cuts, soft landing next year
By Howard Schneider WASHINGTON (Reuters) -The U.S. central bank can begin reducing interest rates "sometime in the third quarter" of...
Americans’ inflation expectations drop to lowest level in 3 years, NY Fed survey shows
Americans are feeling more optimistic about the outlook of high inflation, according to a key Federal Reserve Bank of New...
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