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Economy

Economy coverage from BusinessTech News. Federal Reserve policy, inflation prints, jobs reports, GDP data, and the macro forces moving markets and the political debate. Reporting on Fed chair Jerome Powell, Treasury Secretary, and the economists shaping the consensus on rates, recession risk, and the post-pandemic labor market. Stories pull from BLS, BEA, Fed minutes, FOMC dot plots, and direct sourcing on what policymakers are actually weighing. Updated through major economic-data days.

A brass balance scale with a stack of dollar bills outweighed by bread, eggs and a tomato, beside a plain pay envelope

Economy

Payrolls Missed by Roughly 60,000 in September, but the Real Damage Is in Wages

Employers added 29,000 jobs in September, but wages grew 3% against inflation near 3.4% while the Fed is still hiking. Why the weak report is not the relief markets priced.

By Scott Allan · 6d ago · 3 min read

Economy

Payrolls Missed by Roughly 60,000 in September, but the Real Damage Is in Wages

The 10-Year Treasury Yield Hit 5.34%, Its Highest Since 2002, and Mortgages Are Already Over 7%

The Treasury Sold $70 Billion of Five-Year Notes at 5.033%. Primary Dealers Were Left Holding $11 Billion of Them.

Everyone Reported Mortgage Rates Approaching 7%. The Daily Trackers Already Have Them Above It.

More in Economy

Oil Fell 9% in Four Days Because Trump Said He Would Probably Take a Meeting Nobody Has Scheduled

The Fed Hiked to 4% on a Dot Plot With 18 Dots, Not 19

Lennar’s Margin Fell 170 Basis Points in a Quarter Its Own Construction Costs Improved

The Fed’s Two Inflation Gauges Disagree by 80 Basis Points. Warsh Is Hiking on the Higher One.

The AI Buildout Borrowed $225 Billion at Low Rates. Warsh Just Signaled the Bill Is Repricing.

Druckenmiller Says Bessent Will Lose the Bond Fight as Treasury Eyes a $950 Billion Cash Pile

US Canada Trade Talks Collapse as 50% Tariffs Hit $20 Billion in Goods

Morgan Stanley’s $1.3 Billion Dallas Tower Puts a Number on New York’s Tax Fight

The 30-Year Treasury Hit a 19-Year High. Korea’s Chip Stocks Paid for It.

Payrolls Fell 23,000 and the Rates Market Repriced a Fed That Refuses to Guide It

Brent Crossed Back Above $80 on the Day the Hormuz Deal Looked Closest

Q2 GDP Slowed to 1.5%, but Private Demand Jumped 3.9%: Why the Bond Market Isn’t Buying the Cooldown

Archive

Fed Rate Decision Today: Warsh’s Silence Is the Only Number That Moves

June Jobs Report: ADP Signals Cooling Labor Market Ahead of Today’s Payrolls Data

Fed’s Hammack Warns AI Infrastructure Boom Is Fueling Inflation, Says Rate Hikes May Be Needed

AI Has Eliminated 88,000 US Jobs in 2026, More Than Every Previous Year Combined

US Trade Deficit Blows Past $105 Billion as Businesses Front-Load Imports

Supreme Court Shields Fed Independence in 5-4 Ruling, Blocks Trump From Firing Governor Lisa Cook

Alan Greenspan Dies at 100, Leaving Wall Street the ‘Greenspan Put’ and a 2008 Reckoning

Cuba Unveils 176 Free-Market Reforms in the Biggest Economic Shift Since the 1959 Revolution