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Fed says household income, wealth, debt stress increased from 2022 to 2025

Fed says household income, wealth, debt stress increased from 2022 to 2025

By Howard Schneider WASHINGTON, Oct 9 (Reuters) - The exit from the COVID-19 pandemic raised incomes and wealth for most US families, with income gains concentrated among the less well off but more wealth flowing to the top 10%, a new Federal Reserve survey covering the 2022-2025 period showed.
ReutersReuters
Fed says household income, wealth, debt stress rose from 2022 to 2025

Fed says household income, wealth, debt stress rose from 2022 to 2025

By Howard Schneider WASHINGTON, Oct 9 (Reuters) - The exit from the COVID-19 pandemic raised incomes and wealth for most US households, with income gains concentrated among the less well off, but a growing share of households was stressed by rising debt during a period of high inflation, a Federal
ReutersReuters
US weekly jobless claims fall as layoffs remain low

US weekly jobless claims fall as layoffs remain low

WASHINGTON, Oct 8 (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued labor market stability despite job growth slowing sharply in September.
ReutersReuters
US jobless claims hover near 57-year low for fourth consecutive week

US jobless claims hover near 57-year low for fourth consecutive week

By Lucia Mutikani WASHINGTON, Oct 8 (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued labor market stability despite a sharp slowdown in job growth in September.
ReutersReuters
US consumer sentiment near record low as frustration over economy mounts

US consumer sentiment near record low as frustration over economy mounts

By Lucia Mutikani WASHINGTON, Oct 9 (Reuters) - US consumer sentiment slumped further in early October as the rising cost of living because of the Middle East conflict soured households' views of the economy, more bad news for President Donald Trump ahead of the November 3 midterm elections.
AP NewsAP News
Asian shares decline under pressure from rising bond yields and surging oil prices

Asian shares decline under pressure from rising bond yields and surging oil prices

Asian shares are lower and oil prices have surged after stocks on Wall Street retreated from their records
TheStreetTheStreet
Jim Cramer says Scott Bessent is fighting a flood with one finger

Jim Cramer says Scott Bessent is fighting a flood with one finger

A promise was made. A bet was placed. Cramer says only one side of that trade looks right now.
ReutersReuters
US trade balance sinks deeper into the red as imports hit record high despite tariffs

US trade balance sinks deeper into the red as imports hit record high despite tariffs

By Lucia Mutikani WASHINGTON, Oct 6 (Reuters) - The US trade deficit widened more than expected in August as imports jumped to a record high against the backdrop of robust domestic demand, keeping trade on track to again subtract from economic growth in the third quarter.
ReutersReuters
Euro stumbles toward 17-month lows, dollar rises with Fed minutes on tap

Euro stumbles toward 17-month lows, dollar rises with Fed minutes on tap

By Chuck Mikolajczak NEW YORK, Oct 7 (Reuters) - The euro tumbled on Wednesday as French bonds came under renewed pressure on fiscal concerns, while the dollar advanced as investors awaited the minutes from the most recent Federal Reserve meeting for clues on the central bank's policy path.
ReutersReuters
Fed minutes could detail rate-hike decision, policy path

Fed minutes could detail rate-hike decision, policy path

By Howard Schneider WASHINGTON, Oct 7 (Reuters) - A readout on Wednesday of the Federal Reserve's last policy meeting is expected to show a much broader debate than reflected in the unanimous decision to raise interest rates, with possible implications for the US central bank's next policy steps.
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New York Fed Reports Increase in Supply Chain Pressures for September

New York Fed Reports Increase in Supply Chain Pressures for September

New York Fed Reports Increase in Supply Chain Pressures for September
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Federal Reserve Announces Major Overhaul of Bank Supervision and Review of Asset Thresholds

Federal Reserve Announces Major Overhaul of Bank Supervision and Review of Asset Thresholds

Federal Reserve Announces Major Overhaul of Bank Supervision and Review of Asset Thresholds