For release at 2:00 p.m. EDT September 18, 2024 Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up ...

Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the ...

U.S. stocks rose following the Fed’s decision, while Treasury yields and the U.S. dollar declined. The Fed expects another 50 basis points of rate cuts in 2024, with additional reductions in ...

Reuters Graphics Richmond Fed President Thomas Barkin calls it a "low-hiring, low-firing mode." "That doesn't feel like something that's going to persist," he said in a Bloomberg podcast last ...

Despite millions of dollar worth of business investment coming to West Virginia, a lack of housing remains a challenge for ...

The Federal Reserve this afternoon announced a cut in interest rates of one-half percentage point, higher than the previously ...

Tom Barkin, president and CEO of the Federal Reserve Bank of Richmond, discussed factors affecting West Virginia's economy ...

Protecting against downside risks to the job market is one reason reductions in the Fed's benchmark policy rate are now all but certain to begin at the central bank's Sept. 17-18 meeting.

With the rate of inflation largely tamed, the nation's central bankers weigh jobs data, potential policy mistakes, and ...

US FIRMS' ‘LOW FIRING’ APPROACH COULD TURN TO MORE LAYOFFS, FED'S BARKIN WARNS Another food manufacturer wrote, "Agriculture is hurting. No farm bill, weather and falling prices for our ...

17-18 meeting. FED'S POWELL: ‘THE TIME HAS COME’ FOR INTEREST RATE CUTS Barkin said he was taking a "test-and-learn" approach to rate reductions, likely pointing to his support for an initial ...