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Breaking News: Economy

Fed meeting recap: Chair Jerome Powell defends central bank’s decision to go big with first cut

Risk of downturn not heightened following rate decision, Powell saysFederal Reserve Chair Jerome Powell does not see the risk of an economic downturn being...

Fed to cut rates by a quarter point with a soft landing expected, according to CNBC Fed Survey

Federal Reserve Chairman Jerome Powell.Andrew Harnik | Getty ImagesWith considerable uncertainty about what the Federal Reserve will do at its meeting this week, respondents...

Boeing warns strike will ‘jeopardize’ recovery, hurt aircraft production

Union members hold picket signs during a news conference following a vote count on the union contract at the IAM District 751 Main Union...

Boeing workers overwhelmingly reject contract, prepare to strike

More than 30,000 Boeing workers were set to strike Friday, halting production of most of the company's aircraft after staff overwhelmingly rejected a new...

Britain labels data centers critical infrastructure to boost cyber defenses

Data centers today are crucial computing infrastructure that power the modern-day internet.In Pictures Ltd | Andrew Aitchison | Corbis News | Getty ImagesLONDON —...

Here’s the inflation breakdown for August 2024 — in one chart

Grace Cary | Moment | Getty ImagesInflation continued to throttle back in August, signaling that the fast-rising prices that plagued the U.S. economy for...

Consumer prices rose 0.2% in August as annual inflation rate hits lowest since early 2021

Inflation in August declined to its lowest level since February 2021, according to a Labor Department report Wednesday that sets the stage for an...

UK economy flatlines again in July, below expectations

Maremagnum | Corbis Documentary | Getty ImagesLONDON — The U.K. economy continued to flatline in July on a month-on-month basis, flash figures published from...

Fed Governor Waller backs interest rate cut at September meeting, open to larger move

Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, March 22, 2024. A trio...

Treasury yields fall after weak jobs report

Treasury yields fell Friday after August's nonfarm payrolls report showed an easing labor market, fueling concerns of an economic slowdown.The yield on the 10-year...

Friday’s jobs report for August is going to be huge. Here’s what to expect

Andreypopov | Istock | Getty ImagesWall Street is gearing up for one of the most important economic releases of the year Friday, when the...

Weak manufacturing measures raise specter of U.S. economic slowdown

Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | ReutersU.S. factories...

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