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Fed Chair Powell set to deliver big Jackson Hole speech Friday. Here's what Wall Street expects

Powell is set to deliver what almost certainly will be his last keynote address at the central bank's annual conclave.

Trump immigration policy may be shrinking labor force, economists say

If a reduction in the immigrant labor force is sustained, it would likely pose problems for the U.S. economy, some economists said.

Kansas City Fed's Schmid shows hesitation about widely expected September rate cut

The policymaker pushed back on market pricing that points strongly to the FOMC lowering its key borrowing rate next month.

Divided Fed worried about tariffs, inflation and the labor market, minutes show

Fed officials worried at their July meeting about the state of the labor market and inflation, though most agreed it was too soon to cut rates, minutes showed.

Crypto firms urge UK to form national stablecoin strategy to avoid falling behind U.S.

In an open letter, several major crypto firms said the U.K. "must act now to avoid being a rule-taker rather than a rule-maker in the digital asset era."

Bessent says interviews for 'incredible group' of potential Fed chairs will start after Labor Day

In a CNBC interview, Bessent confirmed the race to replace current Chair Jerome Powell is between 11 candidates.

China's EV industry is spending more on factories abroad than at home for the first time

For the first time on record, the Chinese electric car supply chain last year invested more overseas than domestically, according to Rhodium Group.

'Job hugging' has replaced job hopping, consultants say

Workers are clinging to their jobs as they sour on their prospects in the labor market.

When 'invest like the 1%' fails: How Yieldstreet's real estate bets left customers with massive losses

Customers of the private markets startup Yieldstreet said they face huge losses on real estate investments that turned out to be far riskier than they thought.

Fed's Goolsbee sees 'note of unease' as central bank looks to next interest rate move

Goolsbee said a mixed bag of inflation data coupled with uncertainty over tariffs have given him pause about lowering rates.

Who will Trump pick for Fed chair? Hear from all the candidates in their own words

President Trump's short list to replace Jerome Powell as Fed chair has turned into a long list of nearly a dozen possible candidates.

New York AG James sues Zelle parent company for alleged fraud

New York Attorney General Letitia James sued the parent company of payment network Zelle for allegedly enabling fraud.
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