Tag: Mike Fratantoni

Fed Raises Key Interest Rate by 25 Basis Points

The Federal Reserve’s Federal Open Market Committee increased short-term rates at its July meeting, responding to high but moderating inflation and a job market that remains quite strong.

| By Michael Tucker

Economy Adds 209,000 Jobs in June

Nonfarm employment increased by 209,000 in June, but the unemployment rate changed little at 3.6 percent, the U.S. Bureau of Labor Statistics reported Friday.

| By Michael Tucker

Economy Adds 209,000 Jobs in June

Nonfarm employment increased by 209,000 in June, but the unemployment rate changed little at 3.6 percent, the U.S. Bureau of Labor Statistics reported Friday.

| By Michael Tucker

Quote: July 10, 2023

“Job gains slowed in June and estimates of growth were reduced for the prior two months. Although the unemployment rate dropped a tenth, the household survey did show some signs of a weaker market, with the U-6 increasing.”
–MBA Senior Vice President and Chief Economist Mike Fratantoni

| By MBA NewsLink Staff

Fed Keeps Rates Steady But Options Open

The Federal Open Market Committee held rates steady at its June meeting but kept its options open for July and later this year.

| By Michael Tucker

Fed Keeps Rates Steady But Options Open

The Federal Open Market Committee held rates steady at its June meeting but kept its options open for July and later this year.

| By Michael Tucker

U.S. Adds 339,000 Jobs in May

The Bureau of Labor Statistics said total nonfarm payroll employment was up by 339,000 in May, while the unemployment rate ticked up by 0.3 percentage point to 3.7%.

| By Anneliese Mahoney