tag: Interest Rates – Charm

Jobs Report In Focus: Will Slower Growth Push The Fed Toward November Interest Rate Cut?

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 from 99,000 in August, bolstered by gains in goods-producing industries like construction…

Latest Inflation Data Cements Fed’s Interest Rate Call, S&P 500 Hits All-Time High, Biden Adviser Backs China EV Ban At Detroit Economic Club: This Week In The Markets – Alibaba Gr Hldgs (NYSE:BABA), Meta Platforms (NASDAQ:META)

Cs news4 months ago4 months ago05 mins

The Federal Reserve’s preferred measure of inflation, the personal consumption expenditures index, grew less than economists expected in August at 2.2% year-over-year. The data comes on the heels of the Federal Reserve’s 0.5% interest rate cut issued Sept. 18, the first in more than four years. The inflation data supports another 0.5% interest rate cut…