Payrolls surge by 304,000, smashing estimates despite government shutdown
Job growth in January shattered expectations, with nonfarm payrolls surging by 304,000 despite a partial government shutdown that was the longest in history, the Labor Department reported Friday.
Fed holds rates stable, pledges ‘patient’ approach
The Federal Reserve opted not to raise interest rates during its policy meeting this week and pledged that future moves will be done patiently and with an eye toward how economic conditions unfold.
US-China trade will probably get worse before it gets better…
US-China trade will probably get worse before it gets better, says China advisor Robert Kuhn, long-time advisor to the Chinese government, joins “Squawk on the Street” to discuss what’s at stake as U.S-China trade talks begin.
Private companies add 213,000 jobs in January, easily topping expectations
Private payrolls grew in January at a much faster pace than expected as the labor market shrugged off the longest U.S. government shutdown in history, according to data released Wednesday by ADP and Moody’s Analytics.
Chinese business leaders came to Davos with a message of economic optimism
Many Chinese business and political leaders came to Davos with a consistent message of optimism that Asia’s largest economy will continue to drive global growth.
The Fed may be moving closer to ending its rally-killing balance sheet reduction
Federal Reserve officials are nearing a decision on when to end the reduction of the bonds it is holding on its balance sheet, a key consideration for investors watching how far the central bank will go in tightening monetary policy, according to The Wall Street Journal.
ECB’s Draghi warns of weaker growth ahead
European Central Bank President Mario Draghi acknowledged on Thursday that economic growth in the euro zone was likely to be weaker than earlier expected due to the fall-out from factors ranging from China’s slowdown to Brexit
U.S. labor market remains strong, economy slowing
The number of Americans filing applications for unemployment benefits fell to more than a 49-year low last week, but the drop likely overstates the health of the labor market as claims for several states including California were estimated.
China’s Xi Warns Party of ‘Serious Dangers’ as Risks Mount
President Xi Jinping stressed the need to maintain political stability in an unusual meeting of China’s top leaders — a fresh sign the ruling party is growing concerned about the social implications of the slowing economy.
China’s Unlikely to Rebound From Its Slowdown Anytime Soon
China isn’t set to come to the rescue of a weakening world economy even amid signs policy makers are successfully cushioning some of its slowdown.