The policy statement kept the target range unchanged but removed the phrase describing further tightening as “likely.” Two-year yields fell nine basis points within a minute of the release.
17 hours agoPayroll growth has slowed to about 84,000 a month. Underneath the headline, hiring has narrowed to three sectors and the quit rate has fallen to a level last seen a decade ago.
2 days agoSingle-family permits are running well ahead of starts, a gap that has widened for five months. Builders say the constraint is buyer traffic, not financing or labor.
Aug 21Store brands closed much of the gap, but not all of it. The single largest source of variation was not the city — it was whether the store faced a competitor within two miles.
Aug 20A rule requiring total-price display at the first search results page took effect this month. Early data from three booking sites shows the cheapest headline fare winning fewer bookings than before.
Aug 19A three-year study of eleven distribution centers found automation moved workers between tasks far more than it removed them — and made the remaining jobs harder to fill.
Aug 18
