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USA's job market slows down faster
The American job market is clearly slowing down, show new figures. The US economy is losing momentum and several interest rate cuts are getting closer.
Weakest job figures from the USA since 2021
Far fewer new jobs were created than expected in the USA in August, according to monthly statistics from payroll administrator ADP. The number of new jobs in the private sector totals 99,000 according to ADP.
USA week ended with rising prices
The New York Stock Exchange ended the trading week with rising prices. The broad S&P 500 index rose 1.
Unchanged Inflation in the USA
Inflation in the USA amounted to 2. 5 per cent in July according to the so-called PCE measure.
Trump vs Harris: How the Election Can Affect Your Economy
Escalating trade war with clear inflation risks - towards a policy that is more or less a continuation of President Joe Biden's agenda. The US election can send economic shockwaves around the world.
The Fed announcement could be the turning point: "Enormous relief"
Several central banks have already lowered. The ECB appears to be following suit in September, and now the US Federal Reserve is also announcing that it's time to start cutting interest rates.
Powell effect in New York - ends the week on a plus
Wall Street went on weekend leave on a plus note after Federal Reserve's chief Jerome Powell said in a speech on Friday that the time for interest rate cuts is here. > It's time for an adjustment of monetary policy, said the central bank chief in his speech, which he held in Jackson Hole.
The Fed Chief on Interest Rates: "It's Time"
The Fed chief Jerome Powell says at the central bank meeting in Jackson Hole that the time for interest rate cuts is here. It's time for an adjustment of monetary policy, he says in his speech.
Gloomy on Wall Street
The leading indexes on the New York Stock Exchange fell overall on Thursday. The broad S&P 500 index fell 0.
Fed Approaches an Interest Rate Cut
The US central bank, the Federal Reserve (Fed), is getting closer to an interest rate cut, as shown by the protocol from the latest interest rate meeting in July. A large majority of the members of the Fed's monetary policy committee are ready to cut rates at the meeting in September if the inflation figures continue to develop as the Fed expects.
Calm stock market reaction to job figures
The leading indexes on the New York Stock Exchange rose on Wednesday. The broad S&P 500 index rose 0.
Stable stock market rise in the USA
The American stock exchanges began the new trading week just like the previous one ended, with rising prices. The broad S&P 500 index rose 1.
Rapid Cuts - Not if Powell Gets to Decide
Jerome Powell, the head of the US central bank Federal Reserve (Fed), is expected to try to calm down speculations about unusually rapid cuts in a speech at the annual symposium in Jackson Hole on Friday. But the direction is clear.
Major Bank: Lower Risk of US Recession
The risk of a scenario with recession in the American economy is becoming increasingly smaller, at least according to the major bank Goldman Sachs. In a market update to its customers, Goldman Sachs now estimates the risk of recession next year to 20 percent compared to the previous 25 percent.
Slide on Wall Street after inflation announcement
Wednesday's trade on Wall Street developed in a horizontal – but occasionally volatile – direction. Best went it for snack giant Kellanova.
Lowest US inflation since 2021
The underlying inflation in the USA fell for the fourth month in a row in July, to the lowest level since 2021. This is a step in the right direction for the Fed to lower the interest rate, says Maria Landeborn, senior strategist at Danske Bank.
Nervous on the market: It could get messy
The market is on high alert ahead of the American inflation figure for July this afternoon. It could get messy if there are surprises, according to SEB's chief strategist Olle Holmgren.
Harris: I won't interfere with the Fed's decisions
The Democrats' presidential candidate, also the US Vice President Kamala Harris, says that if she is elected president, she will respect the independence of the US central bank, the Fed. > As president, I would never interfere with the decisions made by the Fed, she said at a campaign meeting in Phoenix, Arizona on Saturday.
The Economy in Flux – It Can All Be Decided
The financial uncertainty is not over. In the coming weeks, several crucial decisions will be made that can affect your economy.
The stock market crash did not occur this week - "overreaction"
The Stockholm Stock Exchange ended the week in green territory despite the recent turbulence. The large decline appears to be an overreaction, says SEB's chief economist Jens Magnusson.
The expert: Then the stock market could get really bloody
Monday's red figures on the stock exchange can only be the beginning. The risk is great that it will get even worse.
Historic downturn for Intel on the red New York stock exchange
The stock exchanges fell sharply in Friday's stock trading on Wall Street. The three leading indexes on the New York Stock Exchange closed on minus.
The Expert: Why the Stockholm Stock Exchange is Shaking
The Tokyo stock exchange plummeted heavily on Friday – which led to the Stockholm stock exchange also falling. And the main reason for this – is the USA.
The number of new jobs is plummeting in the USA
New jobs in the USA in July totaled 114,000, according to new figures from the US Department of Labor. The agricultural sector is not included in the figures.
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Stay informed with the latest news and updates from Sweden in English. From daily news and events happening now, to recaps of what happened in Sweden last night, our coverage keeps you updated. Swedish news today.
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