The US labor market strengthened in November with pickups in employment and wages, deflating hopes the Federal Reserve will cut interest rates early next year. The acceleration in payrolls is at odds with recent reports that have depicted a softer hiring pace, an outcome favored by the Fed as it will help rein in demand … Read more
Treasuries resumed their rally on Tuesday as further labor-market slowdown reinforced speculation the Federal Reserve will be able to cut interest rates next year to prevent a recession. Yields dropped across the US curve as job openings hit the lowest since March 2021. Concerns about markets being too fast in anticipating Fed easing have recently … Read more
This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, economics enterprise reporter Rich Miller looks at some signals for what’s next for the economy. Sign up here and follow us at @bpolitics. Email our editors here. For much of the past two years, the Federal Reserve and the … Read more
I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at the Fed’s shifting perspective on interest rates. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so … Read more
The Indian stock market indices, Sensex and Nifty 50, are expected to open sharply higher on Monday led by optimism after the results of assembly elections of four states. The Bharatiya Janata Party (BJP) won decisive majorities in the Hindi heartland states of Rajasthan, Madhya Pradesh and Chhattisgarh, which analysts believe could trigger positive market … Read more
Stock Market Today: Dow, S&P Live Updates for Dec 4 Bloomberg Source link
The world’s advanced economies are heading into a deepening slowdown as markedly higher interest rates take a hefty toll on activity that could still become more acute, the OECD warned. Growth is losing momentum in many countries and won’t edge up until 2025, when real incomes recover from the inflation shock and central banks will … Read more
For much of the past two years, the US economy’s extraordinary resilience has revolved around demand for services. That’s been a zombie narrative that’s refused to die a tidy death — perhaps until now. Despite a cooling in some services spending in early 2023, the category caught a second wind thanks, in part, to Taylor … Read more
US consumer spending, inflation and the labor market all cooled in recent weeks, adding to evidence that the economy is slowing. Inflation-adjusted personal spending rose 0.2% last month after a downwardly revised 0.3% advance in September, according to the Bureau of Economic Analysis. Separate data Thursday showed recurring applications for unemployment benefits rose to the … Read more
The Consumer Matters Most for the Global Economy in 2024 Bloomberg Source link