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Powell said that tariffs have dampened consumer and business sentiment and the government recently reported that the U.S.
US unemployment benefit applications dropped to 228,000 for the week ending May 3, indicating labour market stability. Fed Chair Powell highlights economic resilience amid tariff worries.
The number of Americans applying for unemployment benefits declined last week despite heightened uncertainty over the country ...
Unemployment remains at a healthy level despite heightened uncertainty about how tariffs will impact the U.S. economy.
Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 228,000 for the week ended May 3. Economists polled by Reuters had forecast 230,000 claims for the latest ...