A new report from the Chicago Federal Reserve on business conditions in the central bank’s seventh district paints a picture of slowing growth and historically high price pressures, with labor cost inflation at a record high.
Friday’s lackluster non-farm payrolls report, which showed American employers adding far fewer jobs in August than expected, is likely to cool enthusiasm among Federal Reserve policymakers for a quick roll-back of stimulus, some experts believe.
A developing economic crisis in Afghanistan is adding a fresh layer of turmoil in the country.
Why it matters: “he value of the Afghan currency could...
After handing the Taliban US-supplied military hardware on a silver platter thanks to the botched Afghanistan withdrawal, the Biden administration scrambled to deprive the terrorist organization of funding - freezing Afghan government reserves held in US bank accounts, and blocking the Taliban from accessing billions of dollars held in US institutions, according to the Washington Post, citing two people familiar with the matter.
