October 29, 2024 United States: Storms and Strike Will Complicate Last Jobs Report Before Fed Meeting, Election   Friday’s employment report is the last the Federal Reserve will see before its policy meeting next week. But the data will be tough to parse.   Flooding and power disruptions from Hurricanes Helene and Milton that crippled many business

October 28, 2024 United States: Next Hurdle for Treasuries Is Whether US Keeps Debt Sales Stable With its confidence in future interest-rate cuts shaken by US economic resilience, the Treasuries market is also facing doubts about how much longer the US government can avoid ramping up its borrowing.   Even as the US continues to clock historically

October 25, 2024 United States: Economists Boost US Growth, Spending Forecasts into Early 2025 Economists nudged up quarterly US economic growth projections through early next year on more sanguine views of consumer demand and maintained views that limited inflation will keep the Federal Reserve on a path toward lower borrowing costs. The slight upward adjustments in gross

October 24, 2024 United States: US Treasuries Rebound as Market Takes Break from Days of Losses The sharp selloff in Treasuries abated on Thursday, with US bonds rallying alongside European peers, after three straight days of declines. While an unexpected drop in initial jobless claims curbed the day’s gains, yields remained lower across the curve, led

October 23, 2024 United States: US Mortgage Activity Gauges Drop to Lowest Levels Since August US mortgage applications for both home purchases and refinancing dropped last week to the lowest levels since August, hobbled by a recent surge in mortgage rates.   Mortgage Bankers Association’s gauge of home purchases declined 5.1% in the week ended Oct. 18,