By Gertrude Chavez-Dreyfuss NEW YORK, – US Treasury yields advanced on Wednesday, briefly extending earlier gains, after the Federal Reserve left interest rates steady, as widely expected, and noted that inflation remained elevated and the labor market continued to stabilize. The Fed held rates unchanged at the 3.50%-3.75% range following a two-day meeting. The Fed,…
Britain is shedding more jobs than it generates due to artificial intelligence (AI) — and at a quicker pace than its global rivals. The substantial advantages for businesses implementing this tech are appearing at a notably steep price for UK staff, straining an already decelerating labor market, Bloomberg reported., citing a Morgan Stanley report. The…
US employers added a modest 50,000 jobs, capping a year marked by consistently weak hiring momentum. The latest data underscore a labor market that has cooled significantly compared with the robust gains seen in earlier. Despite the soft job growth, the unemployment rate fell to 4.4%, suggesting that fewer people are actively seeking work even…
LONDON, Jan 2 (Reuters) – The US dollar kicked off 2026 on a stronger note on Friday after struggling against most currencies last year, as traders awaited a flurry of US economic data next week, including several reports on the labor market, to gauge the path of interest rates. A narrowing interest rate difference between…
