The U.S. Federal Reserve is determined not to reduce interest rates too soon — and some economists say recent data has pushed a summer cut completely off the table. Friday’s jobs report reiterated the seemingly unwavering strength of the U.S. labor market and suggested further need for Fed caution. All eyes will now be on Wednesday’s consumer price index, after February’s annual inflation rate of 3.2% came in slightly higher than expected. It comes as a growing number of market participants have raised the possibility of no rate cuts at all this year, including Minneapolis Fed President Neel Kashkari who said last week that no reductions were a possible scenario if inflation continued to move sideways. George Lagarias, chief economist at Mazars, told CNBC on Monday that rate cuts in the summer were now looking much less likely. “Personally, I wouldn’t be surprised if we saw less rate cuts and pushed more towards the end of the year,”…
Shares of Trump Media have erased all their gains since they began trading under the ticker DJT last month.…
Shares of Trump Media have erased all their gains since they began trading under the ticker DJT last month.…
Small and midsize firms remain eager to expand their workforces, but economists say many jobseekers are likely chasing higher…
Baltimore business owners are bracing for a difficult spring as authorities clear the collapsed Francis Scott Key Bridge, but…
Blockbuster job growth continues to power the U.S. economy, with the Bureau of Labor Statistics reporting 303,000 payrolls added…