Regional central bank office and research hub for the Eighth District
US jobless claims have fallen to a record low, highlighting a tight labor market. Yet NILF (not in labor force) trends show millions leaving the workforce, with experts warning of a broader participation shift. The data suggest ongoing divergence between firing rates and hiring activity, with implications for policy and growth.
Dissenting Fed officials have argued that inflation remains elevated and supply shocks persist, calling for a series of small rate increases to curb inflation. The majority maintains rates as the economy holds steady, with the coming months likely to test the hawks’ case.
The Federal Reserve has kept the benchmark rate steady in a nine-to-three vote, amid persistent inflation above the 2% goal. Dissenters argue for earlier tightening, while others urge patience; investors await July inflation data to gauge the path for policy.
A set of articles drawn from CNBC, CNBC UK, Business Insider UK and others show workers reassessing career strategies as the job market evolves. Tips stress speaking up, planning ahead, and maintaining networks as opportunities shift and living costs rise.
The Trump administration has announced a plan to import up to 300,000 metric tons of ground beef tariff-free for 90 days, with a pledge to sell at 25% below market prices. Officials say the move aims to rebuild the U.S. cattle herd and ease inflation, but ranchers and some lawmakers warn it could hurt domestic producers. Several outlets report on the development with various details and feedback from stakeholders.
The Federal Reserve has raised its benchmark rate by a quarter-point for the first time since 2023, moving the target to 3.75%-4.00%. Inflation remains above the 2% goal, and policymakers say they will slow spending and cooling the economy. Borrowers will pay more on mortgages and credit cards, while savers are likely to see higher returns on savings accounts and CDs.
Meta’s Muse AI agent has overtaken ChatGPT on free app charts, signaling a shift toward personal AI assistants integrated with hardware. Meta is expanding Muse across smart glasses and a new Muse Charm device, while rivals forecast OpenAI’s response as publishers weigh hardware-backed AI ecosystems.