Economic News

By Vivianne Rodrigues NEW YORK (Reuters) - U.S. stocks may gain and trading volume may rebound as Wall Street goes back to work after the Labour Day holiday, and as investors bet the Federal Reserve will keep rates unchanged at its next meeting. The last week of August was marked by a blitz of economic data that showed a drop in consumer confidence, a gradual slowdown in the pace of growth in th ...

By Vivianne Rodrigues NEW YORK (Reuters) - U.S. stocks may gain and trading volume may rebound as Wall Street goes back to work after the Labour Day holiday, and as investors bet the Federal Reserve will keep rates unchanged at its next meeting. The last week of August was marked by a blitz of economic data that showed a drop in consumer confidence, a gradual slowdown in the pace of growth in th ...

Treasury prices reversed early losses to close higher Friday, pushing the yield on the benchmark 10-year note to a fresh five-month low, after a government report showed job growth continued at a steady pace in August while wage growth moderated. Nonfarm payrolls expanded by 128,000 in August, almost exactly as expected by economists surveyed by MarketWatch. Job growth in June and July was revi ...

NEW YORK (AFX) - Wall Street ended an erratic week with a big advance Friday after the Labor Department said employers added 128,000 jobs in August, signaling that an economic slowdown might not be as severe as some have predicted. The report bolstered the view of some on Wall Street that the Federal Reserve might leave rates unchanged when it meets Sept. 20. The Fed didn't touch rates at its Aug ...

WASHINGTON (AFX) - A hiring revival pulled the nation's unemployment rate down to 4.7 percent in August and flashed a Labor Day weekend message that the slowing economy isn't in danger of fizzling out. The latest snapshot, released by the Labor Department on Friday, was a bit brighter than expected and eased some fears that the economy -- weighed down by a housing slump -- might tip  ...

WASHINGTON (AFX) - Hiring perked up in August as employers added 128,000 jobs, pulling the unemployment rate down to 4.7 percent and flashing a Labor Day weekend message of an economic expansion that still has staying power. The latest snapshot, released by the Labor Department Friday, was a bit brighter than expected and should ease any fears that the expansion that began in late 2001 is in  ...

SAN FRANCISCO (Dow Jones) - A specific numerical inflation target for the U.S. may be of limited use in controlling inflation expectations, a San Francisco Federal Reserve study found less than two months before monetary policymakers meet to discuss the issue. Bharat Trehan, a research adviser at the San Francisco Fed, studied the impact of the recent spike in oil prices on inflation expectatio ...

Treasury prices were little changed Friday, reversing early losses after a government report showed job growth continued at a moderate pace in August. Nonfarm payrolls expanded by 128,000 in August, almost exactly as expected by economists surveyed by MarketWatch. Job growth in June and July was revised up slightly by 18,000. The unemployment rate ticked lower to 4.7% in August from 4.8% in the ...

LONDON (AFX) - The dollar's early afternoon recovery, in the wake of a solid US jobs report for August, came to an abrupt halt on mounting concerns that the US housing market is teetering on the verge of collapse. The National Association of Realtors revealed that pending home sales slumped by 7 pct in July to their lowest level in three years. Its pending home sales index, based on contracts sig ...

LONDON (AFX) - European government bonds were little changed after the closely watched US jobs report for August caused barely a ripple on interest rate markets. The Labor Department revealed that non-farm payrolls increased an expected 128,000 during August, while the unemployment rate dropped to 4.7 pct following upward revisions to June and July payroll figures. Despite the 0.1 pct fall in th ...