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September Inflation Hotter Than Expected, Jobless Claims Spike The Most In Over A Year, Clouding Fed's Interest Rate Outlook (UPDATED)
Thursday, October 10, 2024 - 9:12am | 714Read More...Editor’s note: This story has been updated with additional details. The U.S. inflation rate extended its decline in September for the sixth consecutive month, though the pace was slower than economists had anticipated, and core inflation saw an unexpected rise. At the same time, the latest...
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S&P 500 Nears Record Highs On Hot Jobs Data: Dollar, Treasury Yields Surge As Aggressive Interest Rate Cut Hopes Fade
Friday, October 4, 2024 - 9:28am | 936Read More...A hotter-than-expected jobs report spurred a premarket rally on Wall Street Friday, showcasing the U.S. economy’s resilience and easing concerns over an economic slowdown. The strong labor data also led traders to rethink the Federal Reserve’s aggressive rate cuts, resulting in a jump...
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Jobs Report Preview: Could September Labor Data Shift Fed's Interest Rate Path?
Thursday, October 3, 2024 - 12:49pm | 761Read More...Data on the U.S. labor market could signal how aggressive the Federal Reserve will be when deciding if they should cut interest rates in November, after already announcing a rate cut of 50 basis points in September. The Bureau of Labor Statistics is set to release the official September jobs report...
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Jobs Report In Focus: Will Slower Growth Push The Fed Toward November Interest Rate Cut?
Wednesday, October 2, 2024 - 2:30pm | 530Read More...With Friday’s nonfarm payroll report on the horizon, the labor market is expected to show a modest increase of 140,000 jobs, slightly down from August's 142,000. Wednesday’s ADP National Employment Report for September signaled some resilience. The private sector added 143,000 jobs, up...
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Ed Yardeni Points Out Skills Mismatch In Labor Market Amid Federal Reserve's Focus On Reducing Unemployment: 'We Have A Lot Of Work To Do...'
Monday, September 30, 2024 - 9:08am | 487Read More...Ed Yardeni, the president of Yardeni Research, highlighted a significant issue in the labor market: a skills mismatch. This could have far-reaching implications for the economy, particularly in the context of the Federal Reserve’s current focus on unemployment. What Happened: Yardeni pointed...
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Weekly Jobless Claims Lower Than Expected, Suggesting Labor Market Strength: Wall Street Set For Higher Open
Thursday, September 26, 2024 - 9:03am | 448Read More...The U.S. economy expanded by 3% in the second quarter, according to the third estimate released Thursday, up from the 1.4% growth seen in the first quarter and representing an no change from the government’s second estimate. This outcome continues to reflect the strength of the U.S. economy...
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Producer Inflation Slows To 1.7% Yearly In August, Jobless Claims Align With Expectations
Thursday, September 12, 2024 - 8:44am | 387Read More...Price pressures faced by U.S. producers eased in August, marking the slowest year-over-year increase since February in data released Thursday. The headline Producer Price Index (PPI) showed sharper-than-anticipated deceleration, while core inflation remained stable. The report mirrored the...
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Federal Reserve's Potential Rate Cut Pause, JPMorgan's Stock Market Warning, And More: This Week In Economics
Sunday, September 8, 2024 - 6:01am | 549Read More...The past week has been a rollercoaster ride with significant developments in the financial and political landscape. From the Federal Reserve’s potential pause on rate cuts to JPMorgan’s cautionary note on the stock market, the week was filled with intriguing stories. Let’s dive...
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Treasury Yields Plunge, TLT ETF Tops $100, VIX Spikes As 50-Basis-Point Rate Cut Odds Soar In Response To Jobs Data
Friday, September 6, 2024 - 11:52am | 764Read More...The U.S. Treasury market rallied sharply on Friday after August labor data showed weaker-than-expected job growth, bolstering bets on Federal Reserve interest rate cuts. The U.S. economy added 142,000 nonfarm payrolls last month, an increase from 89,000 in July but missing the expected increase to...
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Wall Street Sighs In Relief As August Jobs Numbers Ease Recession Fears: Small Caps Outperform, Dollar Trims Weekly Losses
Friday, September 6, 2024 - 10:03am | 494Read More...Wall Street breathed a sigh of relief Friday after the August jobs report signaled economic resilience, calming recession fears that had escalated following weak labor data in July and earlier this week. The U.S. economy added 142,000 nonfarm payrolls in August, up from the previous month's...
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Job Creation Falls Short Of Expectations In August, Unemployment Rate Ticks Lower, Wage Growth Soars
Friday, September 6, 2024 - 8:39am | 421Read More...Signs of a cooling U.S. labor market eased in the government's Friday August jobs report, tempering recession fears that had intensified in July and earlier this week. In August, the U.S. economy added 142,000 nonfarm payrolls, signaling a sharp improvement from July’s downwardly revised 89,...
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Fed Rate Cut of 0.5% 'Wouldn't Be A Surprise' After Private Payrolls Fall Short, Economist Says
Thursday, September 5, 2024 - 11:16am | 563Read More...The August payroll report from ADP Thursday is tipping odds toward a 0.5% rate cut by the Federal Reserve two weeks from now, according to economists. The report said 99,000 jobs were added in August — down from 140,000 expected — and reflects the fifth straight month of slowing private payroll...
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Gold Rallies, Yen Surges, Treasury Yields Fall As Disappointing Payrolls Data Supports Large Rate-Cut Bets
Thursday, September 5, 2024 - 9:23am | 571Read More...Lower-than-expected private employment growth in August triggered positive reactions Thursday in interest rate-sensitive assets like gold and the Japanese yen, while pushing Treasury yields lower as traders bolster their bets on a 50-basis-point rate cut by the Federal Reserve this month. U.S....
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Private Employment Grows By 99,000 In August, Sharply Misses Forecasts Of 140,000: 'The Labor Market Overall Is Softening'
Thursday, September 5, 2024 - 8:27am | 525Read More...Private sector job growth cooled August compared to the previous month and came in at a substantially slower pace than economists estimated. U.S. private employers added 99,000 jobs in August, a decline from the downwardly revised 111,000 in July, and falling short of the anticipated 140,000. The...
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Could August Jobs Numbers Keep Recession Fears At Bay? 'This Time Is Different,' Analyst Says
Wednesday, September 4, 2024 - 4:09pm | 721Read More...The August jobs report is the week's most anticipated economic release as investors closely watch for signs of a rebound in the U.S. labor market following the recession-like figures seen in July. The Employment Situation report for July revealed a significant slowdown in job creation, with total...
















