WASHINGTON (Reuters) - U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still favorable inflation outlook even though price increases have not moderated much in recent months. Unit labor costs - the price of labor per single unit of output - increased at a 0.8% annualized rate last quarter, the Labor Department...

WASHINGTON (Reuters) - U.S. small-business confidence surged to the highest level in nearly 3-1/2 years in November amid post-election euphoria. The National Federation of Independent Business (NFIB) said on Tuesday its Small Business Optimism Index jumped 8.0 points to 101.7 last month, the highest level since June 2021. Donald Trump won the race for the White House and his Republican...

07:46 AM EST, 12/10/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday ahead of the release of revised productivity data for Q3 at 8:30 am ET and weekly Redbook same-store sales at 8:55 am ET. Earlier Tuesday, the National Federation of Independent Business reported that small business confidence surged to a 3-1/2 year high...

By Indradip Ghosh BENGALURU (Reuters) - The U.S. Federal Reserve will cut interest rates by 25 basis points on Dec. 18, according to 90% of economists polled by Reuters, with most expecting a pause in late January amid concerns about rising inflation risks. President-elect Donald Trump's proposed policies, from import tariffs to tax cuts, are expected to be inflationary. Trump...