Close Is the labor market as bad as the Federal Reserve thinks? We'll know more on Friday, when September's employment report is expected to shed fresh light on the economy for workers as Fed officials worry about a rise in unemployment. The jobs report leads a slew of labor market data due this week, along with updates from several Fed officials on the state of the economy. Consumer confidence, home prices, factory orders, and construction spending will also be in focus. Earnings reports from shoe seller N ...

It's time now for the big picture. Let's welcome in Colin Martin, director and fixed income strategist, Schwab Center for Financial Research. Very good morning to you, Colin.Happy Friday. So, no surprises there from the PCE data. Does that set us up for two more cuts.>> Uh, we're not sure just yet. You know, if we look at this morning's release, no surprises, I think, is a good thing. We're looking to make sure we're not seeing any reaceleration or significant reaceleration in inflation right now.So even th ...

(Bloomberg) — Federal Reserve Bank of San Francisco President Mary Daly said interest rates remain modestly restrictive after last month’s quarter-point cut, and that policymakers will watch for increasing weakness in the labor market. “I think a little more will be be needed over time to get that interest rate where it’s balancing out those two risks,” she said Thursday at the reserve bank’s Western Bankers Forum in Utah, referring to threats to employment and inflation. “When that is going to happen is ...

Is it something I mean the Fed is is responding to it. They cut interest rates for the first time this year. Do you expect more cuts.So I you know I think the Fed Fed is nervous about the labor market because we did see this decline in number of jobs being created and in terms of balance of risks they chose to focus on the unemployment side rather than on the inflation side. Do you agree with that. I I I think that 25 basis points really isn't going to change a thing.So whether I agree with it or not is is ...

The Marriner S. Eccles Federal Reserve building in Washington, DC. Photographer: Al Drago/Bloomberg Treasuries extended losses as data showing the labor market was holding up pushed yields to three-week highs and led traders to modestly lower expectations for Federal Reserve interest-rate cuts in the coming months. Short-maturity rates, which track expectations for Fed policy most closely, led the move after weekly jobless claims came in below estimates while separate figures showed stronger-than-forecas ...

We are certainly not seeing any problems in the labor force connected to jobless claims. 218,000, a big drop from a revised 232,000 last month. So it doesn't look at this point like we have a firing problem at all.Initial claims, continuing claims, 1,926,000. That's down a little bit from a revised 1,928,000. So all in all, jobless claims numbers still show companies sitting on the sidelines not making decisions.The claims number pretty impressive, say it is. In fact, if I would have just parachuted in from ...

St. Louis Fed President Alberto Musalem. Federal Reserve Bank of St. Louis President Alberto Musalem said he supported last week’s interest-rate reduction as a way to take out insurance against a weakening labor market, but sees limited room for more cuts amid elevated inflation. Musalem said interest rates are now “between modestly restrictive and neutral.” He said he would support further reductions if the labor market worsens further, but emphasized the importance of keeping long-run inflation expecta ...

Joining us now for a look at the US economy and the Fed, Larry Lindseay, president, CEO of the Lindsey Group, former National Economic Council director. He's been mentioned as a possible uh Fed chair nominee. Uh it's been a while. Uh Larry, it's good to see you. >> Good to be here.>> You worry, and we'll just talk near-term about uh about the Fed. You worry that perhaps like uh 2024 that if you cut on the short end that might not be translated into lower rates on the long end might actually be uh actually c ...

Bostic spoke about the outlook for the labor market, inflation and interest rates during an interview with Wall Street Journal reporter Nick Timiraos. ...

In a new essay, Minneapolis Fed President Neil Qashqari says he sees two more rate cuts coming from the central bank this year. Steve Leeman joins uh us now with Mr. . Qashqari.Hey, Steve. And hey, Neil. Good morning.Thank you, Joe. Let's bring in Mr. . Kashkari, president of the Minneapolis Fed.Neil, let's talk about your um essay this morning, which is fascinating. And I just want to ask you uh first about one of the things that you say in your piece, which is that you're concerned that there could be som ...