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
The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to big money managers.
Read More Big investors say US markets rally could prove short-lived
The S&P 500 will end next year only about 3% higher than its current level, with a possible U.S. economic slowdown or recession among the biggest risks for the market in 2024.
Read More S&P 500 to see small gain in 2024 as US economic risks rise – Reuters poll
Social Security benefits will be rising by 3.2% in 2024, following the 8.7% rise from the year prior.
Read More Social Security Payments To Increase By 3.2% In 2024
According to experts, the year 2024 could see the worst economic collapse since the Great Depression.
Read More New Data Indicates Massive Recession In 2024
The U.S. economy witnessed a hefty increase of 336,000 new jobs last month, marking the strongest job growth since January, according to the latest report by the Bureau of Labor Statistics.
Read More New Report Shows 336K New Jobs Added To U.S. Economy, Defying Expectations