The Federal Reserve is quickly running out of reasons to cut interest rates
Friday's jobs report provided evidence that the central bank's larger concern is a cost of living that is getting increasingly hard to bear.
Friday's jobs report provided evidence that the central bank's larger concern is a cost of living that is getting increasingly hard to bear.
Surging gas prices due to the Iran war sent consumer sentiment to a new low in the early part of May.
Nonfarm payrolls were expected to increase by 55,000 in April, according to the Dow Jones consensus.
The total picture is one of a labor market that, while undoubtedly cooling, is generally stable and resilient despite a number of challenges.
The flare-up further endangers the US-Iran ceasefire, which Trump extended indefinitely on 21 April.
"Do I think he'll cut rates? No chance," Jones said during a wide-ranging CNBC "Squawk Box" interview.
Lower-income consumers are compensating for higher gas prices by buying less.
Lower-income consumers are compensating for higher gas prices by buying less.
Lower-income consumers are compensating for higher gas prices by buying less.
The report provided more evidence of a stable labor market and less incentive for the Fed to lower interest rates.
GameStops boss Ryan Cohen says he sees potential to make eBay a much bigger rival to Amazon.
The U.K. is now running a trade deficit with its largest trading partner.
Federal Reserve officials who voted this week against the post-meeting statement said they didn't think it was appropriate to signal that the next interest rate move would be lower.
When the Fed gathers again, it will mark the first time a sitting and former chair conduct business together in nearly 80 years.
A shortage of fertiliser due to the Iran conflict could reduce crop yields and push prices higher, says the boss of Yara.
Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Fed.
The European Central Bank and Bank of England are expected to hold their nerve and stand pat on rates this month.
President Trump said on Saturday that the US had cancelled plans to send a team to Pakistan for negotiations.
The decision could have important ramifications for policymaking at an especially delicate time.
Tehran's hardline rhetoric belies a brutal reality facing the regime and Iranian citizens: its economy, vulnerable even before the war, is now in tatters.