The Conference Board's leading indicators no longer signal recession.The U.S. recession fears were partly responsible for the early August slide in stocks and cryptocurrencies.The leading U.S. economic indicators are still pointing to a slowdown, but no longer signal a recession, data from the Conference Board, a nonpartisan and non-profit research organization, showed Tuesday. That's a positive sign for risk assets,...

07:36 AM EDT, 08/20/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Tuesday ahead of the Philadelphia Federal Reserve's nonmanufacturing index for August set for release at 8:30 am ET and weekly Redbook same-store sales due out at 8:55 am ET. Atlanta Fed President Raphael Bostic is scheduled to speak at 1:35 pm ET, followed...

08:41 AM EDT, 08/20/2024 (MT Newswires) -- The Philadelphia Federal Reserve Bank's monthly nonmanufacturing activity index declined to minus 25.1 in August from minus 19.1 in the previous month, indicating a faster pace of contraction in the sector. The reading for employment fell further into negative territory, while readings for new orders and the sales index increased, though new orders...

WASHINGTON (Reuters) - Federal Reserve officials gathering at the annual central banking conference in Jackson Hole, Wyoming, this week can take some satisfaction that the U.S. unemployment rate, at 4.3%, remains low by historical standards. But it usually is: The U.S. experience of unemployment since the late 1940s has involved jobless rates that far more often than not are below...