7 results for “federal reserve”
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In a Sept. 28 speech, Federal Reserve Governor Lisa Cook said recent college graduates are having a harder time landing first jobs and that AI spending may be adding to some costs.
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New York Fed President John Williams said one more rate increase may be appropriate late this year but that there is no need to rush, a message that matters for savings rates and loan costs.
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New government data show the PCE price index rose 3.4% from a year earlier in August, while consumer spending climbed 0.9% and the saving rate was 4.1%.
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The 10-year Treasury yield climbed to about 5.25% on Sept. 28, its highest since 2007, which could keep mortgage rates high while giving savers better returns.
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ADP's monthly report showed U.S. private employers added 90,000 jobs in September, more than economists expected, with health care and education leading the way.
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The 10-year Treasury yield posted its biggest monthly jump since 2022 in September, and the S&P 500 ended the month slightly lower, though stocks are still up for the year.
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The Labor Department's JOLTS report showed job openings fell by 256,000 to about 7.1 million in August, while hiring, quitting and layoffs barely changed.
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