Economy

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Fed cuts interest rates by quarter point

The Federal Reserve on Thursday announced its second consecutive interest rate cut, lowering the benchmark…

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Why are consumers pessimistic about the economy while inflation is cooling?

Inflation hit the highest level in four decades a little more than two years ago,…

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Manufacturing sector sheds 78K jobs in last three months

The manufacturing sector continued to shed jobs in October, bringing its tally of job losses to…

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Battleground state Pennsylvania continues to have inflation over national average

Battleground state Pennsylvania will be closely watched on Election Day, and Keystone State consumers are…

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El-Erian: Interest rates, inflation moving in right direction, but lower prices ‘not going to happen’

A prominent economist and educator is warning that Americans squeezed by the highest inflation rates…

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US economy added 12,000 jobs in October, well below economists’ expectations

U.S. job growth slowed down in October, coming in well short of economists' expectations, while…

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IRS increases contribution limits for 401(k), some other retirement plans for 2025

The Internal Revenue Service (IRS) on Friday announced that it increased the amount that individuals can…

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Mortgage rates march higher | Fox Business

Mortgage rates continued their upward climb this week, leaving demand essentially flat in the stagnant…

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Lithium discovered under California’s Salton Sea could be boon for US supply

A massive lithium find in California's Salton Sea region could help boost domestic supplies of…

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Job openings tumble more than expected to the lowest since January 2021

The number of job openings in the U.S. unexpectedly fell in September to the lowest level…

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