WASHINGTON (Reuters) - U.S. job openings dropped sharply in December, but low layoffs suggested that the labor market was not abruptly slowing down. Job openings, a measure of labor demand, decreased 556,000 to 7.6 million on the last day of December, the Labor Department's Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report,...

WASHINGTON (Reuters) - The Federal Reserve announced on Tuesday it had terminated a pair of enforcement actions imposed on Wells Fargo ( WFC ) in 2011, but said the bank's asset cap remained in place. The enforcement actions were related to deficient practices in mortgage servicing and foreclosures by the bank, and mortgage lending at a former subsidiary. The Fed...

WASHINGTON (Reuters) - New orders for U.S.-manufactured goods dropped in December, pulled down by a decline in bookings for civilian aircraft, but demand elsewhere was marginally firm. Factory orders tumbled 0.9% after a revised 0.8% decline in November, the Commerce Department's Census Bureau said on Tuesday. Economists polled by Reuters had forecast factory orders would fall 0.7% after a previously...

02:24 PM EST, 02/04/2025 (MT Newswires) -- San Francisco Fed President Mary Daly (nonvoter) said that the Federal Open Market Committee can take its time making policy decisions this year, noting that it does not have to be preemptive and can make good decisions based on the incoming data. Boston Fed President Susan Collins (voter) said that proposed tariffs could...