Tag: Unemployment data
September Inflation Rate Surpasses Expectations at 2.4%, Jobless Claims Reach Highest Since August 2023
In September, the inflation rate in the United States exceeded expectations, reaching 2.4%. This increase was driven by a 0.2% rise in the consumer price index, pushing the annual inflation rate above the forecasted...
Interest Rate Cuts Expected as Labor Market Weakens – San Francisco Fed President Daly
San Francisco Federal Reserve President Mary Daly expressed her expectation that interest rates will be lowered later this year due to the weakening labor market. While she did not provide a specific timeline or...