Friday's job report will likely show slower growth. That's what the Fed wants
CNN
When the latest jobs report comes out on Friday, it very well could show the smallest number of positions added in the past 18 months.
The US economy is expected to have gained around 250,000 jobs last month, according to Refinitiv. While that's far from the 456,000 average monthly gains so far this year, it's not a sign that the sky is falling, economists say. In fact, it's exactly what the Federal Reserve wants to see.
A more sustainable pace of employment growth is part of the Fed's game plan as the central bank looks to extinguish high inflation without completely upending the labor market or triggering a recession.
Thanksgiving dinner will cost less this year than last but will still be 19% higher than before the pandemic, according to the American Farm Bureau Federation’s annual Thanksgiving survey out Wednesday.
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The president-elect’s plan to deport millions of undocumented immigrations may backfire, driving up the cost of homebuying even further.
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Donald Trump is returning to the White House without many of the guardrails of his first term.