The latest findings from the March Federal Reserve Beige Book reveal Wednesday that while the economy has seen a slight overall increase in activity since the beginning of the year, consumer spending has experienced a downturn, particularly in the retail sector. This decline is attributed to increased price sensitivity among consumers, who are now more inclined to “trade down or...

02:31 PM EST, 03/06/2024 (MT Newswires) -- Fed Chair Jerome Powell (voter) said in prepared testimony that it would likely be appropriate to cut interest rates this year if the economy evolves as expected but cautioned that risks remain and that the Federal Open Market Committee does not expect it would be time to lower rates until there is greater...

03:13 PM EST, 03/06/2024 (MT Newswires) -- Economic activity in the US rose slightly since early January, while the growth outlook was generally positive, the Federal Reserve said in its latest Beige Book released Wednesday. Eight of the 12 Fed districts reported slight to modest growth in activity during the period, while three reported no change. One district reported a...

WASHINGTON (Reuters) - U.S. job openings fell marginally in January, while the number of workers quitting their jobs dropped to a three-year low, indicating that labor market conditions were gradually easing. The decline in resignations, which pushed the quits rate to the lowest level in 3-1/2 years, over time bodes well for slower wage inflation and overall price pressures in...