Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will enter a long-heralded recession.
Read More Market bets for 2024 thrown into chaos by US recession conundrum
The number of Americans filing new claims for unemployment benefits increased moderately last week, suggesting that the labor market was gradually losing momentum.
Read More US weekly jobless claims increase moderately
Wall Street finished mixed on Tuesday after fresh employment data bolstered bets that the U.S. Federal Reserve will cut interest rates as soon as March.
Read More Wall Street ends mixed after job openings hint at cooling economy
U.S. job openings fell to more than a 2-1/2-year low in October, the strongest sign yet that higher interest rates were dampening demand for workers.
Read More US job openings hit more than 2-1/2-year low as labor market cools
Sales of new U.S. single-family homes fell more than expected in October, likely as higher mortgage rates reduced affordability.
Read More US new home sales fall more than expected in October
Weekly jobless claims fell more than expected, but the U.S. labor market slowdown, driven by higher interest rates and economic concerns, continues to worry big money managers.
Read More US weekly jobless claims fall; business spending on equipment softening