News & Information for Finance, Treasury, and Risk Management Professionals

Former BLS Chief Recounts Shock of Getting Fired over Jobs Data

By Molly Smith

Her dismissal was “an attack on the independence of an institution arguably as important as the Federal Reserve for economic stability,” according to Erika McEntarfer.

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Interest Rates

Fed Debate Turns to Pace of Cuts Amid Heavy Trump Pressure

Economy

U.S. Core CPI Rises as Expected, Keeping Fed on Track for Rate Cut

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Economy Stories

September 10, 2025

U.S. Producer Prices Unexpectedly Drop

Most of the decline in services prices is attributable to a 3.9% drop in margins for machinery and vehicle wholesaling, while finished consumer goods excluding food and energy rose at the fastest pace since February.

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September 09, 2025

U.S. Payrolls Marked down a Record 911,000

The BLS adjustment indicates that the labor market slowdown in recent months followed an extended period of moderate job growth, which may lay the groundwork for a series of interest rate cuts beginning next week.

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September 04, 2025

U.S. Companies Add 54,000 Jobs—Less Than Forecast

In August, hiring at U.S. companies was lower than forecast, consistent with other evidence that points to weaker demand for workers.

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September 03, 2025

U.S. Manufacturing Contracts for Sixth Straight Month

At the same time, August saw an increase in orders and the lowest price increases for raw materials since February.

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August 29, 2025

Economists Expect Slow Growth, Stubborn Inflation into 2026

Survey reveals expectations that higher import taxes imposed by President Donald Trump will feed through more broadly into consumer prices before gradually dissipating next year.

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August 27, 2025

Behind Trump’s Bid for Fed Dominance Lies a Dangerous Idea About Government Debt

He seems to believe if he “has a majority” of Fed governors, he can pressure them to make federal borrowing much cheaper. That approach would be highly likely to backfire in the long run.

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