Reade Pickert

Jerome Powell, chairman of the US Federal Reserve, from left, Tiff Macklem, governor of the Bank of Canada, and Andrew Bailey, governor of the Bank of England (BOE), during the Kansas City Federal Reserve’s Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Friday, Aug. 23, 2024. Powell said the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials will begin lowering borrowing costs next month and making clear his intention to prevent further cooling in the labor market. Photographer: Natalie Behring/Bloomberg via Getty Images

Economists at Jackson Hole say more labor market cooling may cause bigger jumps in unemployment

By Reade Pickert and Bloomberg

Jerome Powell points with finger

Jerome Powell is about to drop a huge hint about Fed rate cuts

By Reade Pickert and Bloomberg

Jerome Powell sits during fireside chat

‘We expect Powell to make a hawkish pivot’—Fed meeting to headline busy week for global markets

By Reade Pickert, Craig Stirling, and others

A woman wearing US Flag sunglasses watches the parade from the sidewalk during the Fishtown Horrible’s Parade, ahead of Independence Day, in Gloucester, Massachusetts on July 3, 2023. (Photo by Joseph Prezioso / AFP) (Photo by JOSEPH PREZIOSO/AFP via Getty Images)

Personal Finance

Americans are finally vibing with the economy again

By Reade Pickert and Bloomberg

A customer shops in a grocery store.

Inflation actually just fell in December—for the first time in over 2 years

By Reade Pickert and Bloomberg

A woman looking at a tablet in a warehouse.

The job market is an energizer bunny that just won’t quit and the stock market doesn’t like it

By Reade Pickert and Bloomberg

Jerome Powell

The labor market is cooling off and that’s great news for Jerome Powell and the Fed

By Reade Pickert and Bloomberg

A shopper in a grocery store

Inflation may have just peaked for real in October. It slowed a lot more than expected and a soft landing is back in play for the Fed

By Bloomberg and Reade Pickert

Women shopping.

Prices keep going up in latest inflation report, all but assuring another Fed hike

By Reade Pickert and Bloomberg

A contractor holds a sign reading “Slow” on Van Ness Boulevard in San Francisco, California, U.S., on Monday, March 22, 2021. The centerpiece of President Biden’s next big priority after pandemic relief, a massive transportation infrastructure package, could move through a key Senate committee by the end of May according to the chair of the Environment and Public Works panel. Photographer: David Paul Morris/Bloomberg via Getty Images

US job openings drop to 10.1 million amid interest rates and a gloomy economic outlook

By Reade Pickert and Bloomberg

Business Owner Putting Up Help Wanted Sign

The August jobs report is yet another sign that inflation is cooling, with 315,000 new jobs and unemployment slightly up to 3.7%

By Reade Pickert and Bloomberg

Worker in front of 'now hiring' sign

Job openings surge unexpectedly in July, with about 2 positions open for every unemployed person

By Reade Pickert and Bloomberg

A shopper looks at organic produce at a supermarket in Montebello, California, on August 23, 2022. – US shoppers are facing increasingly high prices on everyday goods and services as inflation continues to surge with high prices for groceries, gasoline, and housing. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)

A key inflation gauge just fell for the first time in July since the start of the pandemic (even if it was just 0.1%)

By Reade Pickert and Bloomberg

Financial background stock exchange graph

As inflation soared, American corporations just racked up their biggest profit margins since 1950

By Reade Pickert and Bloomberg

stock broker

U.S. economy shrinks again in second quarter, raising recession alarm bells

By Reade Pickert and Bloomberg