U.S. employers added 162,000 jobs in August, more than double economists’ forecasts and signaling a sharp acceleration from hiring in July. By the numbers Economists polled by FactSet forecast employers added 65,000 jobs in August. The unemployment rate was 4.1% in August, unchanged from the previous month. Hiring in August was boosted by job gains…
The Personal Consumption Expenditures index — the Federal Reserve’s preferred inflation measure — held at a 3.7% annual pace in July, slightly higher than forecasted and reflecting persistent cost pressures for consumers. Economists polled by FactSet had predicted a 3.6% annual increase. Wednesday’s report instead showed that inflation remained unchanged from June. PCE tracks changes…
54m ago Trump secretly switched to different plane in Turkey amid Iran missile threat Shortly before Air Force One took off from Turkey at the end of last month’s NATO summit, President Trump secretly slipped away from the presidential jet and was whisked to another plane with the help of an airport catering truck,…
The U.S. economy unexpectedly shed 23,000 jobs in July, undershooting economists’ expectations and signaling the job market may be slowing. By the numbers Economists polled by FactSet forecast employers added 95,000 jobs in July. The unemployment rate in July stood at 4.1%, down from 4.2% in June. The Labor Department also revised down the May…
The Pakistan Medical and Dental Council (PMDC) announced on Thursday that the Medical and Dental College Admission Test (MDCAT), previously scheduled to be held on August 16, would now be held on September 20. A press release issued by the council said, “On the directions of the honourable prime minister of Pakistan, PMDC hereby informs…
Iran said on Monday that no negotiations with the United States were currently being held despite US President Donald Trump announcing earlier that the two sides were set to begin parleys later today. “Iran is not currently holding talks with the United States and is now in discussions with Oman over a temporary safe route…
Amanda DeSimone-Shabrack relies on a home healthcare aide to help her high-needs autistic 12-year-old son. Virginia’s Medicaid program covers the assistance, enabling her to work as both an education technology specialist and a professor, run errands, and keep Mason in the home. That could change. In June, the Department of Justice issued a legal opinion…
Mortgage rates in the U.S. hit their highest level in a year on Thursday as renewed tensions in the Middle East and the Federal Reserve’s interest rate decision this week fanned inflation concerns. The rate on a conventional 30-year mortgage averaged 6.66% in the week ending July 30, the highest level since July 2025, according to…
7/29: The Takeout with Major Garrett – CBS News Watch CBS News Dr. Anthony Fauci invokes the Fifth Amendment in Senate hearing; Fed leaves interest rates unchanged. Source link
The Federal Reserve said on Wednesday that it is leaving its benchmark interest rate unchanged, a sign policymakers expect inflation to ebb despite higher energy costs due to the war in Iran. This marks the fifth consecutive time the central bank has held rates steady this year. The last time Fed officials voted to change…
