Reading Time: 2 minutesThe Federal Reserve lowered its key interest rate by 25 basis points today, moving the federal funds target range to 4.00%–4.25%. The move, its first cut this year, highlights the central bank’s shifting focus from inflation to emerging strains in Read more…
Reading Time: < 1 minuteTotal nonfarm payrolls employment increased by 661,000 in September. The unemployment rate dropped to 7.9 percent, but the true rate, after adjusting for the misclassification error, was 8.3 percent. Between February and April, more than 22 million jobs were lost. Read more…
