Sharp U.S. Hiring Slowdown Signals Cooling Economy Ahead

Sharp U.S. Hiring Slowdown Signals Cooling Economy Ahead

Updated Nov. 3, 2023 10:16 am ET Hiring slowed sharply in October, a sign the economy is cooling this fall following a hot stretch over the summer. U.S. employers added 150,000 jobs in October, down from the previous month’s revised gain of 297,000, the Labor Department said Friday. That was the smallest gain since June, … Read more

Status quo again: What to make of the Fed decision

Status quo again: What to make of the Fed decision

The US Federal Reserve has decided to hold the federal funds rate steady at 5.25-5%. This is the second meeting in a row the Fed has maintained the status quo on the funds rate. Why did the Fed do this and what are the implications of this decision? Mint explains: Why did the Fed maintain … Read more

Workers Keep Getting Big Raises. That’s a Problem for the Fed.

Workers Keep Getting Big Raises. That’s a Problem for the Fed.

American workers are still commanding beefy pay raises. That is good news for workers but something that could complicate the Federal Reserve’s inflation fight.  Fed officials are likely to hold interest rates steady at this week’s policy meeting Tuesday and Wednesday, but signs of stalled progress in slowing wage and price increases could open the … Read more

Talking Markets: Battered Swedish Krona’s Fortunes Could Start to Improve in 2024

Talking Markets: Battered Swedish Krona’s Fortunes Could Start to Improve in 2024

The Swedish krona has taken a beating this year, diving to a record low against the euro, but analysts say the currency could start to recover next year. Although Sweden’s economy has weakened, analysts say economic fundamentals don’t justify such a weak currency. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

With Interest Rates Up, Get Ready for Financial Drama

With Interest Rates Up, Get Ready for Financial Drama

Interest rates have soared. Can financial blowups be far behind? Maybe, but often it isn’t that simple. The yield on 10-year Treasury notes topped 5% this week for the first time since 2007. While not high by historical standards, it is a big move from less than 1%, where it was for most of 2020. … Read more

What to Watch For in Thursday’s GDP Report: How High Did Consumers Push Economic Growth?

What to Watch For in Thursday’s GDP Report: How High Did Consumers Push Economic Growth?

U.S. economic growth accelerated sharply during the third quarter, forecasters estimate, as Americans increased spending and shook off fears of a slowdown.  Economists surveyed by The Wall Street Journal estimate gross domestic product grew at a seasonally- and inflation-adjusted 4.7% annual rate in the third quarter—more than double the second quarter’s 2.1% pace.  Such resilience … Read more

Bond Rout Drives 10-Year Treasury Yield to 5%

Bond Rout Drives 10-Year Treasury Yield to 5%

Listen to article (2 minutes) A deepening selloff in the U.S. bond market drove the yield on the 10-year U.S. Treasury note to 5% for the first time in 16 years, marking a milestone that has rattled stocks, lifted mortgage rates and fueled persistent fears of an economic slowdown.  A critical driver of U.S. borrowing … Read more

RBI fines L&T Finance for keeping borrowers in dark over interest rates

RBI fines L&T Finance for keeping borrowers in dark over interest rates

The RBI on Friday said it has imposed a penalty of Rs 2.50 crore on L&T Finance for violating the central bank’s directions on disclosing adequate information to borrowers on the interest rates that they would be charged. The penalty has been imposed as L&T Finance did not disclose to its retail borrowers the gradation … Read more

Jerome Powell Signals Fed Will Extend Interest-Rate Pause

Jerome Powell Signals Fed Will Extend Interest-Rate Pause

Updated Oct. 19, 2023 4:22 pm ET Federal Reserve Chair Jerome Powell suggested the run-up in long-term Treasury yields could allow the central bank to suspend a historic run of interest-rate increases so long as recent progress on inflation continues. Powell’s remarks at a Thursday lunchtime address in New York closely tracked those of colleagues … Read more

The Biden-Trump 'Double Referendum'

The Biden-Trump 'Double Referendum'

The first presidential campaign since 1892 with two ‘incumbents.’ Source link