But the Fed's recent rate cut, and any future rate cuts that come down the pike in the next year, should not influence your retirement savings strategy. Simply put, if you're still many years away from retirement, you should be putting the bulk of your savings into the stock market.

Federal Reserve Bank of Chicago President Austan Goolsbee would like to freeze the U.S. economy right where it is today. With inflation closing in on a 2% annual rate, full employment, and gross-domestic-product growth in the neighborhood of 3% annually,

Chicago Federal Reserve President Austan Goolsbee on Friday called the latest U.S. jobs report "superb" and said more labor market data along those lines would boost his confidence the economy is at full employment with low inflation.

Promotions on CDs already aren't as good as they were in January, but some attractive yields of 4% or higher remain on one-year CDs.

The jobs report from the Bureau of Labor Statistics for September was considerably stronger than expected.

The Federal Reserve’s monetary-easing campaign for 2024 may already be over as the strong labor report Friday underscores the stubborn resilience of the world’s largest economy, according to Wall Street veteran Ed Yardeni.

On the other hand, the world is a mess, inflation still lurks, and there’s a contentious election in November. Given all of that, a data-driven Fed is likely to stay the course.

The 254,000 reported increase in jobs in September flies against recent trends and is unlikely to be the benchmark going forward. So how many jobs is the economy really creating each month? Over the last four months,

Pantheon Economics cited a "red flag" in September's jobs market data, and expects that the Fed to deliver more 50 basis point cuts.

Surprisingly strong hiring in September has taken pressure off the Federal Reserve by reducing worries over the US labor market, giving policymakers room to continue cutting interest rates at a more gradual pace in coming months.