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  • Sep 06, 2024

Jobs report will help Federal Reserve decide how much to cut interest rates

Friday's monthly jobs report will likely mark a pivotal moment for the economy and the Federal Reserve. If it shows that hiring was weak in August and that the unemployment rate rose — similar to the unexpectedly soft figures for July — it would heighten worries that the job market is stumbling. The Fed might then seek to deliver a stimulus with a larger-than-usual interest rate cut of a half-percentage point when it meets later this month.

  • Sep 05, 2024

Argentina analysts cut 2024 inflation forecast to nearly 123%

Argentina's monthly inflation rate stood at 3.9% in August and is expected to close the year at an annualized rate of nearly 123%, according to analysts surveyed by the central bank in a poll published on Thursday. Prices are seen rising by 3.5% in September, according to the poll, slowing down after a surge that followed deep spending cuts as well as the devaluation of the peso currency enacted by libertarian President Javier Milei in a bid to reduce sky-high inflation.

  • Sep 05, 2024

Trump suggests tariffs can help solve rising child care costs in a major economic speech

Former President Donald Trump suggested to business leaders Thursday that his plans to increase tariffs on foreign imports would solve seemingly unrelated challenges such as the rising cost of child care in the U.S. The GOP presidential nominee promised to lead what he called a “national economic renaissance” by increasing tariffs, slashing regulations to boost energy production and drastically cutting government spending as well as corporate taxes for companies that produce in the U.S. Trump was asked at his appearance before the Economic Club of New York about his plans to drive down child care costs to help more women join the workforce.

  • Sep 05, 2024

Dollar, Stocks Face Pressure Ahead of US Jobs Data: Markets Wrap

(Bloomberg) -- US stocks and an index of the dollar fell ahead of jobs data due Friday that will help determine the size of a Federal Reserve rate cut this month.Most Read from BloombergThe Outsized Cost of Expanding US RoadsHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatMadrid to Ban E-Scooter Rentals, Following Lead Set in ParisWorld's Second-Tallest Tower Tests Malaysia's Appetite for More SkyscrapersIn Asia, equity futures for Japan

  • Sep 05, 2024

Britain needs extra $1.3 trillion investment for economic growth, report says

Britain needs an additional one trillion pounds ($1.3 trillion) in investment in the next decade to grow the economy, a report said on Friday. New British Prime Minister Keir Starmer said he wanted the economy to achieve annual growth of 2.5% when campaigning in the run-up to July 4's election - a rate that Britain has not regularly reached since before the 2008 financial crisis. An annual growth rate of 3% would require extra investment of 100 billion pounds a year in the next 10 years, particularly in energy, housing and venture capital, according to the report from UK financial services lobby group Capital Markets Industry Taskforce.

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