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Source: Seeking Alpha News Agency
3 weeks ago
General Medium Importance AI Analyzed
'Hot' August CPI To Trigger More Aggressive Fed Tightening

'Hot' August CPI To Trigger More Aggressive Fed Tightening

The August CPI report is expected to show a rise in headline CPI to 3.6% due to energy costs, but this is not expected to affect the core CPI. The super-core PCE inflation at 3.9% signals persistent wage-driven and structural inflation pressures, which is supported by the strong August labor market report.

Source: Seeking Alpha
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Source: Invezz News Agency
3 weeks ago
General Medium Importance AI Analyzed
Dow closes 270 pts lower as strong jobs report lifts September Fed rate-hike bets

Dow closes 270 pts lower as strong jobs report lifts September Fed rate-hike bets

US stocks ended lower on Friday after stronger-than-expected August employment data increased expectations that the Federal Reserve could raise interest rates at its September meeting. The Dow Jones Industrial Average fell 0.5% or 279.20 points, while the S&P 500 declined 0.38% and the Nasdaq Composite lost 0.3%.

Source: Invezz
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Source: Bloomberg Markets and Finance News Agency
3 weeks ago
General Medium Importance AI Analyzed
Trump Says Rate Hike Won't Reassure Bond Market

Trump Says Rate Hike Won't Reassure Bond Market

President Donald Trump intensifies pressure on the Federal Reserve to lower interest rates, threatening to cut off trade with certain economies with which the US has a deficit. He speaks with reporters at the White House.

Source: Bloomberg Markets and Finance
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Source: Bloomberg Markets and Finance News Agency
3 weeks ago
General Medium Importance
Key Takeaways From the US August Jobs Report

Key Takeaways From the US August Jobs Report

US nonfarm payrolls increased 162,000 last month and the unemployment rate remained at 4.1%, with the August increase topping all estimates in a Bloomberg survey. Anna Wong, chief US economist with Bloomberg Economics, says the economy may not be as strong as it seems.

Source: Bloomberg Markets and Finance
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