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April Jobs Report: Counterbalancing March’s Blockbuster Good Report, The First Significant “ding” To The Soft Landing Scenario In Months
Article By:
New Deal Democrat
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Friday, May 3, 2024 10:34 AM EDT
In the past few months, my focus has been on whether jobs gains are most consistent with a “soft landing,” i.e., no further deterioration, or whether deceleration is ongoing; and more specifically:
Weaker US Jobs Numbers Boost Expectations Of A September Rate Cut
Article By:
ING Economics
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Friday, May 3, 2024 9:57 AM EDT
With Fed Chair Powell leaning dovish at Wednesday’s press conference this has breathed new life into Federal Reserve interest rate cut calls
Powell’s, “Let There Be Light” Stock Market (And Sentiment Results)
Article By:
T.J. Hayes
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Friday, May 3, 2024 4:08 AM EDT
Chair Powell came to play yesterday and the market liked it. Is this the bottom in the short term 3-8% pullback we started calling for in Q1 on our podcast|videocast(s)?
In this article: PYPL
You Cannot Inflate The Debt Away
Article By:
Michael Ashton
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Thursday, May 2, 2024 6:29 PM EDT
The average interest rate on U.S. debt is 3.21%, about double what it was in early 2022 and the highest it has been since 2009.
The Fed Is Giving Investors Fair Warning
Article By:
Dennis Miller
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Thursday, May 2, 2024 5:44 PM EDT
Despite overwhelming evidence that inflation is nowhere close to the Fed’s 2% target, Chairman Powell continues to trumpet three rate cuts before year-end.
Rates Spark: Payrolls Day, And It’s Potentially A Big One For Rates
Article By:
ING Economics
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Thursday, May 2, 2024 5:32 PM EDT
The growth and inflation numbers from the eurozone earlier in the week reflected a cautious economic recovery but also contained some reminders of sticky inflation.
Interest Rate Cuts Are Coming, Right?
Article By:
The Dividend Guy
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Thursday, May 2, 2024 5:20 PM EDT
Interest rate cuts are coming. We’ve been hearing that since the fall of 2023. Hasn’t happened.
May Day! May Day! Market Overboard
Video By:
Samantha LaDuc
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Thursday, May 2, 2024 4:50 PM EDT
A discussion about the dynamic financial market landscape, particularly focusing on recent and upcoming economic events.
In this video: SPY
Fed Balks At Interest Rate Cuts, But Says Hikes Unlikely
Video By:
Adam Taggart
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Thursday, May 2, 2024 3:30 PM EDT
The Fed held its policy interest rate steady at 5.25%, as expected. Somewhat surprising to Wall Street was the Fed's announcement that it will reduce the scope of its Quantitative Tightening program starting in June.
In this video: SPY
The Federal Reserve Is Fighting Inflation Blindfolded
Article By:
Stefan Gleason
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Thursday, May 2, 2024 11:58 AM EDT
Federal Reserve Chairman Jerome Powell and his fellow central bankers are swinging at inflation like a blindfolded kid trying to break a piñata.
Fed Holds Rates At 5.25-5.50%, Battles To Hit 2% Inflation
Article By:
Finance Brokerage
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Thursday, May 2, 2024 10:47 AM EDT
Fed maintains rates at 5.25%-5.50%, focusing on combating inflation despite economic challenges; A policy shift reduces monthly Treasury roll-offs to $25 billion, marking a scale-back in quantitative tightening;
US Fed Tilts Towards A Rate Cut Despite The Postponement. Hkma Left The Rate Unchanged At 5.75%
Article By:
JustMarkets
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Thursday, May 2, 2024 9:18 AM EDT
At Tuesday's close, the Dow Jones Index (US30) added 0.23%, while the S&P 500 Index (US500) was down 0.34%. The NASDAQ Technology Index (US100) closed negative 0.33%.
Dovish Message Likely To Ignite Positive Wealth Effect From Equities And Home Prices
Article By:
Paban Pandey
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Thursday, May 2, 2024 8:19 AM EDT
Markets were on pins and needles as to if Powell would be open to the possibility of a rate hike. He hardly sounded hawkish Wednesday. A dovish message hardly helps cool down the positive wealth effect coming from equities and home prices.
Japan Drives Home Message
Article By:
Marc Chandler
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Thursday, May 2, 2024 8:09 AM EDT
The US Dollar is mixed, but the spotlight is on the yen. It appears that with the market challenging Monday's intervention, Japanese officials entered the market shortly after the US equity market closed and sold dollars again.