October 3, 2024 – 6:48 AM PDT WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits rose marginally…
Read More US labor market remains stable; weather, strike distortions loom
Tag: Federal Reserve
Tech market values jump in September on Fed rate cuts, AI optimism
The market capitalization of many tech firms surged in September, buoyed by a Federal Reserve rate cut that typically enhances future profits and cash flows for high-growth companies.
Read More Tech market values jump in September on Fed rate cuts, AI optimism
US consumer spending, inflation rise moderately in August
Consumer spending increased slightly less than expected in August, suggesting some moderation in economic growth in the third quarter.
Read More US consumer spending, inflation rise moderately in August
Wall St rises on AI euphoria after Micron’s upbeat forecast
Wall Street’s main indexes rose, with the S&P 500 hitting a record high, as Micron’s upbeat forecast revived the frenzy around AI.
Read More Wall St rises on AI euphoria after Micron’s upbeat forecast
US consumer confidence ebbs in September on labor market fears
U.S. consumer confidence unexpectedly fell in September amid mounting worries over the health of the labor market.
Read More US consumer confidence ebbs in September on labor market fears
Fed to cut rates by 25bps in Nov and Dec, approach neutral level sooner
The U.S. Federal Reserve will cut the federal funds rate by 25 basis points in both November and December.
Read More Fed to cut rates by 25bps in Nov and Dec, approach neutral level sooner