Page 29 - Thomas Simons News Today

The U.S. economy likely continued to churn out jobs at a brisk clip in March even though the labor market is losing its luster as Federal Reserve interest rate hikes dampen demand. The Labor Department's closely watched employment report on Friday, which is also expected to show the unemployment rate unchanged at 3.6% and moderate wage gains last month, is likely to be welcomed by officials at the U.S. central bank as they contemplate whether to halt their fastest rate hiking cycle since th...

The U.S. economy likely continued to churn out jobs at a brisk clip in March even though the labor market is losing its luster as Federal Reserve interest rate hikes dampen demand.

Employers added 236,000 jobs in March, a more moderate pace of hiring that showed the Federal Reserve’s inflation-fighting campaign was gradually taking hold.

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Employers added 236,000 jobs as the Federal Reserve’s interest-rate increases appeared to take a toll. The unemployment rate fell to 3.5 percent.

No matter how the U.S. Supreme Court rules on the Biden administration's student loan forgiveness plan, millions of Americans will soon resume paying all or part of their student debt after a pause of...

Millions of Gen Zers are about to start paying off their student loan debt for the first time, which will dent their household budgets.

Banks reduced their borrowings from two Fed backstop lending facilities in the most recent week. Read more at straitstimes.com.

Need to Know: There’s another looming cliff — the end of the student-loan repayment moratorium Need to Know March 27, 2023 View in Web Browser There’s another looming cliff — the end of the student-loan repayment moratorium By Steve Goldstein Critical news for the U.S. trading day Justin Sullivan/Getty Images Is the banking crisis

Wall Street equities gained and U.S. Treasury yields rose on Monday as investor concerns about the financial system were calmed after First Citizens BancShares said it would take on the deposits and... | March 27, 2023