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Fed says more rate cuts could follow slowdown in hiring

Los Angeles Times

|

October 16, 2025

A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice more this year.

- By CHRISTOPHER RUGABER

Powell said in a speech in Philadelphia that despite the federal government shutdown cutting off official economic data, “the outlook for employment and inflation does not appear to have changed much since our September meeting,” when the Fed reduced its key rate for the first time this year.

Fed officials at that meeting also forecast that the central bank would reduce its rate twice more this year and once in 2026. Lower rates from the Fed could reduce borrowing costs for mortgages, car loans and business loans. Powell spoke before a meeting of the National Assn. of Business Economics.

Powell reiterated a message he first delivered after the September meeting, when he signaled that the Fed is slightly more worried about the job market than its other congressional mandate, which is to keep prices stable.

FLERE HISTORIER FRA Los Angeles Times

Los Angeles Times

Los Angeles Times

Bolton pleads not guilty to charges of sharing classified information

John Bolton pleaded not guilty Friday to charges accusing the former President Trump national security advisor turned critic of emailing classified information to family members and keeping top-secret documents at his Maryland home.

time to read

4 mins

October 18, 2025

Los Angeles Times

Vintage Scherzer helpsJays get even

A fiery Max Scherzer turned back the clock with a vintage pitching performance and Andrés Giménez homered and drove in four runs as the Toronto Blue Jays beat the Seattle Mariners 8-2 on Thursday to even the American League Championship Series at two games apiece.

time to read

1 min

October 18, 2025

Los Angeles Times

High court is asked to uphold Guard deployment to Chicago

President Trump asked the Supreme Court on Friday to uphold his deployment of National Guard troops to Chicago.

time to read

2 mins

October 18, 2025

Los Angeles Times

Comedians cancel Dreamforce show as Benioff takes heat

Comedians Kumail Nanjiani and Ilana Glazer dropped out of performing at Salesforce's annual tech conference this week after the company's chief executive, Marc Benioff ,made controversial remarks that showed his support for President Trump.

time to read

3 mins

October 18, 2025

Los Angeles Times

Jack in the Box selling entire stake in Del Taco

Jack in the Box, the San Diego-based fast-food chain that sells burgers and curly fries from drive-through windows, is selling its entire stake in its subsidiary Del Taco.

time to read

2 mins

October 18, 2025

Los Angeles Times

Amazon to hire 30,000 workers in state

With holiday shopping madness around the corner, Amazon is beefing up its staffing, announcing plans this week to hire 30,000 seasonal workers at its distribution centers in California.

time to read

2 mins

October 18, 2025

Los Angeles Times

Los Angeles Times

Hamas to return one more hostage’s body

Hamas announced plans to hand over the remains of an additional hostage late Friday, as the militants tried to shore up a tenuous ceasefire with Israel by bringing out bulldozers in Gaza to search for bodies they say remain trapped under rubble.

time to read

4 mins

October 18, 2025

Los Angeles Times

Los Angeles Times

Los Alamitos' magical run

From the first game of the season against Inglewood through Thursday night's Alpha League opener against Edison at SoFi Stadium, the question of how Los Alamitos (8-0) keeps winning week after week remains something only the Griffins can explain.

time to read

2 mins

October 18, 2025

Los Angeles Times

Los Angeles Times

Hamas to return one more hostage's body

Hamas announced plans to hand over the remains of an additional hostage late Friday, as the militants tried to shore up a tenuous ceasefire with Israel by bringing out bulldozers in Gaza to search for bodies they say remain trapped under rubble.

time to read

4 mins

October 18, 2025

Los Angeles Times

PERMISSION TO YIELD

MASSAGED BY FOUR HANDS AT SURYA WELLNESS SPA

time to read

1 mins

October 18, 2025

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