#US economy

The Frances Perkins Building in Washington, headquarters of the US Department of Labor and home of the Bureau of Labor Statistics, in 2017.

US job openings rose to 7.5 million in September, quits climbed by 321,000 and layoffs fell

The Herbert C. Hoover Building on Constitution Avenue in Washington, D.C., home of the Department of Commerce, whose Bureau of Economic Analysis publishes the GDP and PCE figures, photographed in 2024.

US growth accelerates to a 3.4% annual rate in the third quarter, with September inflation stuck at 3.6%

The Marriner S. Eccles Building, the Federal Reserve's headquarters in Washington, D.C., in 2011.

Monetary policy

The Fed holds its rate at 3.75%-4% in a 10-2 vote, and both dissenters wanted an increase

A Lunds & Byerlys supermarket in Minnetonka, Minnesota, photographed in 2019.

Consumer sentiment

US consumer sentiment ends October at 48, its lowest since May, with year-ahead inflation expectations at 4.7%

The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C., headquarters of the Federal Reserve, photographed in 2011.

US inflation accelerates to 3.7% in September, with gasoline up 34.2% over the year

The Herbert C. Hoover Building on Constitution Avenue in Washington, D.C., headquarters of the Department of Commerce, whose Bureau of Economic Analysis publishes the PCE price index. Photographed in 2024.

August inflation came in at 3.4%, and traders halved the odds of an October Fed increase

John C. Williams, president of the Federal Reserve Bank of New York, in an official portrait taken in 2018.

Monetary policy

The Fed's Williams sees one more hike this year, but "no need for urgency" after September's increase

A house for sale on Kevington Road in Eugene, Oregon, in 2017.

New-home sales climbed 6.4% in August to an annual rate of 684,000, and prices kept falling

A shopper inspects a package of meat at an American grocery store, in a Department of Agriculture photograph from 2012.

US consumer confidence falls to 81.9, its lowest reading since 2014

The Frances Perkins Building in Washington, headquarters of the US Department of Labor, which publishes the weekly jobless claims report, in 2017.

Jobless claims fall to 196,000, the lowest since July, a day after the Fed raised rates

Federal Reserve Chair Kevin Warsh in his official portrait

Federal Reserve

Fed raises interest rates for the first time since 2023