Further monetary action by the Fed may be warranted because of high unemployment rates and low inflation, said Federal Reserve Bank of New York President William Dudley during a speech Friday at the Society of American Business…
September’s consumer sentiment level unexpectedly rose to 68.2 from its preliminary 66.6 reading. However, the entire gain came from more positive responses among households earning under $75,000 — those who wouldn’t be affect…
The number of new and continuing jobless claims fell last week, a sign of modest progress in the labor market. After a seasonal rise this summer, claims appear to be trending lower.
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Initial jobless claims fell 16,000 to 453,000 in the week ending Sept. 25, a sharper fall than expected. The revised figure for the previous week was 469,000.
Analysts surveyed by Reuters forecast claims of 460,000.
Companies that laid off workers …
Consumer confidence unexpectedly slumped in September as a lack progress on unemployment — despite overall U.S. economic improvement — continues to weigh on the outlook of many Americans.
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