The Latest Breaking News from Raphael Bostic

Susan Collins, the new president of the Federal Reserve Bank of Boston, said says that a higher unemployment rate will be needed to bring down inflation from unusually high levels, but suggested any economic downturn would likely be modest

Federal Reserve Bank of Atlanta President Raphael Bostic said the strong U.S. job market suggests the economy could slow down in “a relatively orderly way” as the central bank bears down on inflation by raising interest rates.

The monthly jobs report is the Rodney Dangerfield of economic statistics. It gets little respect yet has a big and important audience.

The days of the 'Fed put' are probably over

The NFIB small business optimism index for April is scheduled for release at 6:00 a.m. ET. The optimism index has fallen short of market estimates in the last three reports. Analysts expect April's reading declining to 92.9 from March's 93.2. New York Fed President John Williams is set to speak…

Stocks sank in a widespread rout amid concern about the Federal Reserve’s ability to tame decades-high inflation without throwing the economy into a recession.

While NZDUSD continued its bearishness last week, it showed a strong move up on Wednesday to produce a Thursday high. However, it sold off very quickly as it continued its drop during Thursday's London and New York sessions.

America’s hiring boom of the past year has narrowed racial disparities in unemployment

Chair Jerome Powell said Monday that the Federal Reserve would raise its benchmark short-term interest rate faster than expected, and high enough to restrain growth and hiring, if it decides that this would be necessary to slow rampaging inflation