us-economy6.755 min read
Fed’s New Chair Faces Early Market Test Ahead of Jackson Hole
4 days ago•Source: The Guardian
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6.165 min•24 days ago
Diesel prices top Biden-era average as market tightness lingers
Diesel prices in the US have surpassed the Biden-era average, driven by tight inventories, limited refining capacity, and sanctions-related supply constraints, keeping fuel costs elevated even as crude falls and adding inflation pressure ahead of the midterms.
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Debt at the Breaking Point: Rates Rise Against an $180 Trillion Burden
Seeking Alpha•3 months ago
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US housing remains stuck as inflation proves stubborn
Financial Times•6 months ago
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"US Weekly Jobless Claims Plummet to 212K, Signaling Labor Market Resilience"
Initial jobless claims for the past week fell by 8,000 to 212,000, surpassing the expected 219,000, while continuing claims rose to 1.895 million. The four-week moving average increased to 218,500. The advance seasonally adjusted insured unemployment rate was 1.3%, up from the previous week's 1.2%.
February JOLTS Report Shows Significant Drop in Job Openings.
Job openings in the U.S. fell to 9.931 million in February, below the consensus estimate of 10.4 million, indicating a cooling job market. The job openings rate also declined from 6.4% to 6.0%. The largest decreases in job openings were in professional and business services, health care and social assistance, and transportation, warehousing, and utilities. However, the number of layoffs and discharges decreased to 1.504 million.