The numbers: Businesses in the U.S. created just 113,000 new jobs in October, payroll processor ADP said, in a potential sign of a slackening labor market. Economists polled by the Wall Street Journal had forecast a 130,000 increase. The ADP payroll estimate can offer clues on the strength of the…

Middle-class Americans are increasingly anxious about the economy, despite a strong job market and a blowout GDP report showing an unexpected Q3 growth surge of 4.9%, according to a Harris Poll for Bloomberg News. The Federal Reserve’s aggressive interest rate campaign, aimed at curbing inflation that hit a 40-year high…

The numbers:  A closely-watched index that measures U.S. manufacturing activity fell 2.3 points to 46.7 in October, according to the Institute for Supply Management on Wednesday. This is the lowest level since July. Economists surveyed by the Wall Street Journal had forecast the index to inch up to 49.2%.  Any…

OTTAWA (Reuters) -The Bank of Canada on Monday said higher interest rates and low growth will impact the federal government’s budget spending and although the country’s fiscal position is sustainable, expenditure should be contained to protect social programs. “Lower growth and higher interest rates will certainly impact on the government’s…

Developing story. Check back for updates. The numbers: Job openings in the U.S. rose slightly in September to 9.6 million, indicating that a still-growing economy still has plenty of demand for labor. Job listings edged up from a revised 9.5 million in August, the Labor Department said Wednesday. The… Read the…

By Patricia Zengerle WASHINGTON (Reuters) – U.S. House of Representatives Republicans on Monday introduced a plan to provide $14.3 billion in aid to Israel by cutting funding for the Internal Revenue Service, setting up a showdown with Democrats who control the Senate. In one of the first major policy actions…

The Federal Reserve on Wednesday kept a key interest rate at a 22-year high and left the door slightly ajar for another hike down the road if inflation doesn’t continue to slow. The decision to hold rates steady in a range of 5.25% to 5.5% was unanimous. The Fed is…

By David Shepardson WASHINGTON (Reuters) – The Republican-led U.S. House of Representatives on Wednesday plans to vote on legislation that would bar the Biden administration from awarding funds to California’s High-Speed Rail project. The White House on Monday said it opposed the bill that would also dramatically cut funds for…

Goldman Sachs economists have revised their projections for U.S. GDP growth and the likelihood of a government shutdown, following changes in House leadership and geopolitical risks. The fourth quarter of 2023 is now expected to see a GDP growth of +1.6%, and the first quarter of 2024 is anticipated to…

The Chicago Business Barometer, also known as the Chicago PMI, inched down to 44 in October from 44.1 in the prior month.  Economists polled by the Wall Street Journal forecast a 45.3 reading. The index has been in contractionary territory since August 2022. Economists… Read the full article here