August 5, 2024 United States: Goolsbee Says Fed Less Reactive Than Markets, Won’t Overreact Federal Reserve Bank of Chicago President Austan Goolsbee reiterated the central bank’s job is not to react to one month of weaker labor data, adding markets are much more volatile than Fed actions. A worse-than-forecast US jobs report Friday, which capped
August 2, 2024 United States: United States: US Unemployment Rate Rises Again, Cementing Path to Fed Rate Cut US hiring slowed markedly in July and the unemployment rate rose to the highest level in nearly three years, suggesting a faster deterioration in the labor market than previously thought and putting the Federal Reserve solidly on
July 31, 2024 United States: Fed Expected to Hold Rates and Signal September Cut Federal Reserve officials are likely to move closer to lowering interest rates from a two-decade high this week by signaling a potential rate cut in September, though they may stop short of providing details beyond that. The US central bank’s Federal
July 30, 2024 According to a preliminary flash estimate issued by Eurostat, the European Union's statistical office, seasonally adjusted GDP increased by 0.3% in both the Euro Area and the EU in the second quarter of 2024 compared to the previous quarter. In the first quarter of 2024, GDP increased by 0.3% in both zones.
July 30, 2024 United States: Stocks Rise Before Fed With Earnings in Full Swing: Markets Wrap Stocks rose as investors waded through a slew of corporate results and braced for central bank decisions that will be critical in shaping the trajectory of global markets. After a $2.3-trillion Nasdaq 100 wipeout, investors are eagerly awaiting Microsoft
July 29, 2024 United States: Options Volatility Perks Up Before Earnings Wave, Rate Talks Volatility is back — at least a little — heading into a week filled with central bank interest-rate decisions and quarterly earnings for some of the world’s biggest companies. The drumbeat for a faster pace of US Federal Reserve rate cuts
July 26, 2024 United States: Fed Seen Signaling September Rate Cut at Next Week’s Meeting The Federal Reserve is likely to signal next week its plans to cut interest rates in September, according to economists surveyed by Bloomberg News, a move they say will kick off reductions each quarter through 2025. Nearly three-quarters of respondents
July 25, 2024 United States: US Economy Grew Faster Than Expected Last Quarter on Firm Demand Having boomed its way through 2023, the US economy is coming back to earth. Companies are hiring fewer workers. Consumers are spending less. The housing market is all but paralyzed by the highest interest rates in decades. Manufacturing is
July 24, 2024 United States: The US Economy Is Slowing, Which Is Just Fine With the Fed Having boomed its way through 2023, the US economy is coming back to earth. Companies are hiring fewer workers. Consumers are spending less. The housing market is all but paralyzed by the highest interest rates in decades. Manufacturing
July 23, 2024 United States: Stocks Edge Up as Earnings Kick Into High Gear: Markets Wrap Stocks edged higher as traders waded through a deluge of corporate results for clues on whether the market will be able to extend this year’s record-breaking rally. Companies will have to impress as expectations are elevated, especially for megacap
