Stocks dropped after solid economic readings and a rally in commodities spurred speculation that major central banks will keep interest rates higher for longer. In a revival of the “good news is bad news” trade, better-than-estimated data on US job openingsBloomberg Terminal and factory goods ordersBloomberg Terminal added to skepticism about the pace of Federal … 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
Employers in the US probably tempered their pace of hiring this month after beefing up payrolls by the most since the start of the year, consistent with a sturdy labor market that’s powering economic expansion. Government data on Friday are projected to show payrolls in the world’s largest economy increased by about 190,000 in October, … Read more
You wouldn’t know it by the headlines. But the US economy is breaking in plain sight. Only the savings cushion of the richest 20% are keeping it afloat. And if interest rates keep rising nearly every day, even that won’t be enough. The beginning of the quarter has gotten off to a torrid start with … Read more
I’m Chris Anstey, a senior editor for economic policy in Boston and today we’re looking at mixed signals from the US job market. 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 … Read more
The Circuit Hosted by high-profile journalist Emily Chang, The Circuit is a fast-paced, dynamic series that lives at the intersection of culture, tech, entertainment, and business. Every week, Chang will go on location to meet the world’s most fascinating founders, influencers, and innovators, conducting intimate interviews and bringing audiences behind the scenes of the most … Read more
Is it possible for economic news to be a little too good? If many economic worries seem to be dwindling, is that reason to be scared? After periods of success, are economies due for a comeuppance — perhaps even for reasons stemming from their earlier achievements? What prompts these questions is the current US economy. … Read more
A Summer Cool-Down: The Bloomberg Close, Americas Edition Bloomberg Source link
Hiring in the US probably increased at a healthy yet more moderate clip this month, representing a vote of confidence about the demand outlook after a solid first half of the year. The closely watched jobs report on Friday is projected to show employers boosted payrolls by 200,000 in July, while unemployment held at a … Read more