Vince Golle

(Bloomberg) -- US third-quarter labor costs grew less than initially estimated after a downwardly revised decline in the prior three months, adding to evidence the job market is no longer a source of inflationary pressure.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectCloud Computing Tax Threatens Chicago’s Silicon Valley AmbitionsNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion R

U.S. third-quarter labor costs grew less than initially estimated after a downwardly revised decline in the prior three months, adding to evidence the job market is no longer a source of inflationary pressure.

The toppling of Bashar al-Assad’s government has added a new source of instability in the Middle East, with Turkey asserting itself as the main player in the shaping of Syria’s future.

Activity at US service providers is expanding at the fastest pace since October 2021, providing momentum for the economy even as the downturn in manufacturing worsens.

La actividad de los proveedores de servicios de Estados Unidos se está expandiendo al ritmo más rápido desde octubre de 2021, lo que proporciona un impulso a la economía incluso cuando empeora la recesión en el sector manufacturero.

Economists raised their projections for US inflation next year on tariff concerns and now expect one less interest-rate cut from the Federal Reserve than they anticipated a month ago.

Los economistas elevaron sus proyecciones de inflación estadounidense para el próximo año debido a la preocupación por los aranceles, y ahora prevén un recorte de tasas de interés menos por parte de la Reserva Federal de lo que pronosticaban hace un mes.

While economists expect the Fed to lower rates on Dec. 18 for a third straight meeting, they are now penciling in just three more quarter-point cuts in 2025.

December 17, 2024 Economists raised their projections for U.S. inflation next year on tariff concerns and now expect one less interest-rate cut from the Federal Reserve than they anticipated a month ago.

The Federal Reserve cut interest rates again at its last meeting of 2024 while the Bank of Japan and Bank of England both stayed on hold, though each decision wasn’t without some controversy at a critical juncture for monetary policy.