Markets Got an Unexpected Boost From Washington. Will It Mark a Turning Point?

The Treasury Department handed investors a happy surprise last week. Now the question is how far they can run with it. Stocks and bonds both staged rallies last week, getting a boost when the Treasury increased the size of longer-term debt auctions by a smaller amount than many had expected. Copyright ©2023 Dow Jones & … Read more

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

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

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

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?

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%

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

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 New Kings of Wall Street Aren’t Banks. Private Funds Fuel Corporate America.

Listen to article (2 minutes) Hyland Software, a business software company based in Ohio, relied on Credit Suisse for years to arrange billions of dollars in loans. After the Swiss bank collapsed in March, Hyland switched tracks and borrowed $3.4 billion from a little-known investment firm, Golub Capital, and others that specialize in a Wall … Read more

The New Kings of Wall Street Aren’t Banks. Private Funds Fuel Corporate America.

Listen to article (2 minutes) Hyland Software, a business software company based in Ohio, relied on Credit Suisse for years to arrange billions of dollars in loans. After the Swiss bank collapsed in March, Hyland switched tracks and borrowed $3.4 billion from a little-known investment firm, Golub Capital, and others that specialize in a Wall … Read more