The U.S. economy has been on a roller coaster this week. From slowing private sector job growth to rising concerns about inflation at the Federal Reserve, the economy has been unpredictable. Let’s dive into this week’s top stories.
Private sector employment growth slows
The U.S. private sector added 122,000 jobs in December, down sharply from 146,000 in November. automatic data processing company Manufacturing employment shrank for the third consecutive month, suggesting the labor market may be slowing.
Read the full article here.
Fed expresses concerns about inflation
The Fed’s December meeting will be dominated by concerns about persistent inflation and potential policy shifts under a new White House administration. Policymakers are divided on the pace of future interest rate adjustments. The Federal Reserve will cut interest rates by 25 basis points, bringing the federal funds rate to 4.25%-4.5%.
Read the full article here.
Strong job growth in December
The U.S. labor market ended 2024 on a high note, adding 256,000 jobs in December, exceeding economists’ forecasts. The Bureau of Labor Statistics reported that this was the strongest job growth since March 2024.
Read the full article here.
Mortgage rates hit six-month high
The new year is off to a bad start for potential U.S. homebuyers as mortgage rates soar to their highest levels in six months. The average interest rate for a 30-year fixed-rate mortgage with a conforming loan balance of $766,550 or less climbed to 6.97%, according to the Mortgage Bankers Association.
Read the full article here.
Tariff speculation sends dollar to 14-month high
The dollar extended gains to a 14-month high amid speculation that President-elect Donald Trump is considering using sweeping emergency powers to impose new tariffs. The move could exacerbate inflation and policy uncertainty.
Read the full article here.
Read next:
Photo credit: Shutterstock
This story was generated using Benzinga Neuro and published by Anania Gairola
Market news and data brought to you by Benzinga API
© 2025 Benzinga.com. Benzinga does not provide investment advice. all rights reserved.
