(Reuters) - Federal Reserve policymakers won't take much signal from a decline in first-quarter U.S. GDP, but by June clearer signs of a faltering economy will move central bankers to resume cutting interest rates, ultimately by a full percentage point by the end of the year, traders bet on Wednesday.  The U.S. economy contracted by an annualized 0.3% last quarter,...

WASHINGTON (Reuters) -U.S. private payrolls growth slowed more than expected in April, the ADP National Employment Report showed on Wednesday. Private payrolls increased by only 62,000 jobs this month after a downwardly revised 147,000 gain in March. Economists polled by Reuters had forecast private employment would advance by 115,000 following a previously reported gain of 155,000 in March. The ADP...

WASHINGTON (Reuters) -U.S. labor costs increased moderately in the first quarter as economic uncertainty caused by tariffs cools demand for labor. The Employment Cost Index (ECI), the broadest measure of labor costs, rose 0.9% in the first quarter after a similar increase in the October-December period, the Labor Department's Bureau of Labor Statistics said on Wednesday. Economists polled by Reuters...

AMMAN (Reuters) - Millions of dollars in U.S. grants for Jordan's largest water desalination project abruptly dried up when President Donald Trump announced sweeping cuts to foreign aid in January. Within two months, support was flowing again, a result of diplomacy that has arguably put the pivotal Middle Eastern state on more solid financial footing than before the U.S. president's...