Tag: rate
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Construction hiring slows to lowest rate ever recorded
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Construction industry job openings decreased by 38,000 last month even as hiring in the sector slowed to its lowest rate on record, according to an Associated Builders and Contractors analysis of data from the U.S.…
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Fed holds main rate steady, forecasts higher inflation, slower growth
Dive Brief: The Federal Reserve on Wednesday kept the main interest rate at a range between 4.25% and 4.5% while forecasting higher inflation and slower growth for 2025. In a median forecast, Fed officials estimated that their preferred measure of inflation — the core personal consumption expenditures price index less volatile food and energy prices…
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Inflation heats up to 3% as Trump calls on Fed to cut main rate
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Consumer prices rose last month at a 3% annual pace, higher than expected and the biggest gain since June, according to a government report released Wednesday, soon after President Donald Trump called on the Federal…