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  • Mar 07, 2025

Fed expected to cut rates in June as jobs data raises potential red flags

U.S. job growth picked up in February, the Labor Department reported on Friday, with employers adding 151,000 jobs. Waller and other Fed officials have said a strong labor market for now allows the central bank to keep its benchmark overnight interest rate in the 4.25%-4.50% range as it waits for more progress on inflation, which remains above the 2% goal. But the latest jobs report also showed the unemployment rate ticked up to 4.1% and the number of people settling for part-time work because they couldn't find a full-time position also rose sharply, pushing up a broader measure of unemployment known as the U-6 to 8%, the highest level for this measure of underemployment since October 2021.

  • Mar 07, 2025

Fed's Williams: Data points to stable inflation expectations

Federal Reserve Bank of New York President John Williams said on Friday that so far there’s no evidence that inflation expectations are starting to run into any form of trouble. Based on recent data, “there is no sign of inflation expectations becoming unmoored at any forecast horizon relative to the pre-pandemic period,” Williams said in the text of remarks to be presented at the U.S. Monetary Policy Forum in New York. Williams, who spoke earlier this week in comments that highlighted no near-term need to change the current setting of monetary policy in an environment where trade tariffs may add to future inflation, did not comment on the monetary policy and economic outlook.

  • Mar 07, 2025

Fed’s Bowman Says Economy’s Neutral Rate Higher Since Covid

(Bloomberg) -- Federal Reserve Governor Michelle Bowman said the neutral level for the central bank’s policy rate had likely risen since the Covid-19 pandemic.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowBowman said several fa

  • Mar 07, 2025

Nasdaq 100 Tumbles Into a Correction as Tech Selloff Intensifies

(Bloomberg) -- The Nasdaq 100 Index sank into a correction on Friday, as investors continue to sour on the megacap technology stocks that led the stock market rally over the past two years.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-

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