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August Jobs Report Shows US Added 162,000 Jobs, Blowing Past Forecasts by Mary Cunningham

William Attardi on September 5, 2026

U. S. employers added162,000 jobs in August, more than double economists’ forecasts and signaling a sharp acceleration from hiring in July. The unemployment rate was 4.1% in August, unchanged from the previous month. The August jobs report could strengthen the case for a Federal Reserve interest rate hike at the central bank’s upcoming meeting, with the rate decision set for Sept. 16, economists said on Friday. However, the Fed is likely to place more emphasis on the forthcoming Consumer Price Index report, which will be released on Sept. 11. Federal Reserve Chair Kevin Warsh affirmed that the labor market was on a steady course last week during the Fed’s annual conference in Jackson Hole, Wyoming. Warsh signaled that inflation, which is stubbornly above the Fed’s 2% target, remains the central bank’s primary focus. August jobs report shows US added 162,000 jobs, blowing past forecasts

Divided Fed Holds Rates as Three Dissent

William Attardi on July 30, 2026

The Federal Open Market Committee voted 9-3 Wednesday to keep its benchmark rate at 3.5% to 3.75%, with three members dissenting in favor of an increase over inflation concerns. The split vote drew immediate attention because of what it revealed about the central bank under its new leadership. Reuters characterized the decision as a “hawkish hold” — a pause that leaves the door open to increases at future meetings. Markets reacted sharply. The decision sent bond yields higher and stocks lower before a partial rebound. Investors who had hoped the meeting would clarify the direction of policy under Chair Kevin Warsh came away without a clear answer, and some warned, per Reuters, that mixed messages on rates could unsettle both stocks and bonds in the months ahead. Divided Fed Holds Rates as Three Dissent · The Morning Brief

 

The Creator of Baby Ruth Actually Sued Babe Ruth –The Baby Ruth candy bar was created by the Curtiss Candy Company in 1920 — the same year that baseball legend Babe Ruth hit a then-record 54 home runs. But the Great Bambino was irked that the company was selling a candy bar with such a similar name to his own without offering him any royalties. Rather than take the Curtiss Candy Company to court, the Sultan of Swat decided to make his own candy bar, and in 1926 he debuted Ruth’s Home Run bar. The Curtiss Candy Company responded by turning the tables and taking Ruth to court. They accused the slugger of trying to steal their trademark and capitalize on the success of their brand. In a 1931 deposition, Curtiss founder Otto Schnering insisted the candy was named after “Baby Ruth” Cleveland — the daughter of President Grover Cleveland.  He also attested that the company came up with the name in 1919 before the baseball player had become a household name and that the name was merely coincidental. While the validity of those claims is disputed to this day, the court nonetheless ruled in favor of the candy company, forcing Ruth to end his foray into the world of candy.