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Hillsborough County’s unemployment rate was down a tick in August at 5.1 percent, below the state rate of 5.3 percent, according to the Florida Department of Economic Opportunity. “We want Florida to be the first in the nation for jobs and with more than 940,000...

The state lost 5,500 private sector jobs but still has a record number of people employed overall.

Over the next month the market’s “fixation is going to shift” away from Fed lift-off talk, he says, and toward figuring out how the US and global economy is doing and what the outlook is for third-quarter corporate earnings.

US Federal Reserve decided not to immediately hike interest rates, surprising many who had expected to see rate moving up in the world’s top economy after several years.

“We believe at some point in the near future the rate hike cycle needs to begin in order for the Fed to retain its credibility with the markets and to remind investors that rates can not stay at zero forever”.

Asian stocks mostly rose Friday, perked by relief that the U.S. Federal Reserve held off on raising interest rates for the time being, but European markets faltered as some investors interpreted the Fed decision as a sign of economic weakness.

“Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term”, the Fed said in its statement.

Brazil and Russian Federation are deep in recession and South Africa is teetering on the brink, while China’s economy saw its weakest performance in 24 years in 2014. Most emerging markets have witnessed good inflows from foreign investors over the last 10-12 years.

Higher rates could dent demand for non-interest paying bullion, while boosting the dollar. Prices jumped as much as 1.3 per cent to $US1,133.93, the highest since September 3.

At her news conference, Yellen stressed that even after the first increase from zero, interest rate policy will be “highly accommodative for quite some time”. The two-year Treasury note, which would be more heavily impacted by higher short-term interest rates, had an...

Stock markets mostly fell Friday, particularly in Europe, as investors were left in limbo following the Federal Reserve’s decision to keep US interest rates unchanged at a record low.

Last night the US Federal Reserve held interest rates at near zero, with comments from chairman Janet Yellen pointing to worries over economic growth, low inflation and global turmoil. She also said that downward pressure on inflation from lower oil prices and the strong dollar...

Nationwide, employers added 173,000 jobs in August, while the national unemployment rate fell to 5.1 percent from 5.3 percent.

In a clear reference to the recent turmoil provoked by the downturn in the Chinese economy, the Fed noted that it is “monitoring developments overseas “, even as it said that the risks facing the U.S. economy are still “nearly balanced”. The reason: Unlike...

“For emerging-market central bankers, the Fed has given them some much-needed breathing room”, Jonathan Lewis, a principal at New York-based Samson Capital Advisors LLC, said.