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The US economy kicked off 2025 by adding 143,000 jobs in January, fewer than expected; but the unemployment rate dipped to 4%, according to data released Friday by the Bureau of Labor Statistics.

(Bloomberg) -- Federal Reserve Governor Adriana Kugler said it’s appropriate to keep the Fed’s benchmark interest rate where it is for some time, given a stable labor market, limited progress on inflation in recent months and uncertainty over the outlook for fiscal and trade policy.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeCitadel to Leave Namesake Chicago Tower as Employees RelocateSin puente y sin metro: el nuevo aeropuerto de Lima es una debac

U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024, energy services firm Baker Hughes said in its closely followed report on Friday. Despite this week's rig increase, Baker Hughes said the total count was still down 37 rigs, or 6% below this time last year. Baker Hughes said oil rigs rose by one to 480 this week, while gas rigs increased by two to 100.

Chicago Federal Reserve president Austan Goolsbee told Yahoo Finance Friday that the central bank 'may be on hold' for now, but he still sees interest rates moving lower over the 'next 12-18 months.'

The latest University of Michigan consumer sentiment survey showed more Americans are anxious about the inflation outlook.

Americans fear faster inflation is on the horizon.

(Reuters) -The Federal Reserve's latest Monetary Policy Report to Congress, released on Friday, was upbeat about the state of the economy but warned about some concerning aspects of the financial system. The report, which comes ahead of next week's testimony before Congress by Fed Chair Jerome Powell, said central bank officials remain committed to getting inflation back to 2% and noted that when it comes to interest rate policy changes officials “will carefully assess incoming data, the evolving outlook, and the balance of risks.” The release described the overall economy as doing well amid a solid and better-balanced job market and declining inflation pressures.