US job growth strong in November; Rising wages

Nonfarm payrolls increased 263,000 in November Unemployment rate stable at 3.7%; Participation rate drops average hourly earnings up 0.6%; 5.1% increase year-on-year WASHINGTON (Reuters) – U.S. employers hired more workers than expected in November and increased wages despite growing recession fears, but that probably won’t stop the Federal Reserve from slowing the pace of interest … Read more

The Fed raised interest rates by 50 basis points, but the peak interest rate could be higher

BENGALURU (Reuters) – The Federal Reserve will cut back in December to raise interest rates by 50 basis points, but economists polled by Reuters say a longer period for US central bank tightening and higher rate hikes are the greatest. Risks to the current outlook. US consumer inflation unexpectedly fell below 8% last month, reinforcing … Read more

Economy Neither boom, nor corruption, Democrats’ dogs in the US midterm elections

WASHINGTON (Reuters) – Household cash is near record levels in the United States, and consumers are using it to fill up restaurants, planes and buy new cars. Jobs are there to take it. Net wealth is 30% higher than it was before the pandemic, and even more so for those in the bottom half. People … Read more