08:39 AM EST, 01/09/2025 (MT Newswires) -- The Philadelphia Federal Reserve's December manufacturing index was revised up to a reading of minus 10.9 from the minus 16.4 reading previously reported and followed a revised minus 4.4 reading in November, annual revisions released Thursday showed. The January Philadelphia Fed manufacturing index is scheduled to be released on Jan. 16. ...

Recession fears for 2025 are fading fast, with market models and economist forecasts signaling a slim chance of economic contraction. But with optimism running high, could markets be misreading the risks? According to the New York Fed's recession model, there is a 29% probability that the U.S. will enter a recession by the end of 2025. This is a dramatic...

NEW YORK (Reuters) - Federal Reserve Bank of Boston President Susan Collins said Thursday that significant uncertainty over the outlook calls for the central bank moving forward cautiously with future rate cuts. With an economy that is in a good place overall and policy already closer to a more neutral stance, I view the current nature of uncertainty as calling...

WASHINGTON (Reuters) - Hiring announcements by U.S. employers last year were the lowest since 2015, a report showed on Thursday, confirming a sharp moderation in job growth over that period. Global outplacement firm Challenger, Gray & Christmas said companies announced 769,953 hiring plans, down 1.3% from 2023. Hiring announcements dropped to 7,999 in December from 11,621 in November. Sluggish hiring...