NEWSFEED HIGHLIGHTS
- S&P 500 Unofficially Closes Up 57.53 Points, Or 0.75 Percent, At 7,723.98
- Nasdaq Unofficially Closes Up 314.26 Points, Or 1.17 Percent, At 27,185.85
- Dow Jones Unofficially Closes Up 270.94 Points, Or 0.53%, At 51,197.50
- We Were Never Going To Do Diesel Export Ban
- Europe Making Major Contribution, So Are We
- If S. Korea Doesn't Do Pipeline, Will Charge Them More
- I Didn't Jump The Gun
FEATURED STORIES
August’s outsized US payroll gain is unlikely to be repeated in September. However, inflation—not job growth—remains the Federal Reserve’s primary concern.
The latest economist poll sees nonfarm payrolls rising by 90,000 in September, after August’s 162,000 increase and a net 55,000 of upward revisions to prior months. The unemployment rate is expected to remain at 4.1%, private payrolls are seen rising by 90,000, and average hourly earnings are...
US inflation data at the start of September appeared sufficient to push the Federal Reserve beyond its tolerance threshold, with this week’s figures expected to validate the central bank’s mid-month rate hike.
The latest economist poll forecasts headline PCE prices rising 0.3% m/m in August, up one-tenth from July, with the annual rate seen unchanged at 3.7%.
Core PCE, the Fed’s preferred...
US inflation data at the start of September appeared sufficient to push the Federal Reserve beyond its tolerance threshold, with this week’s figures expected to validate the central bank’s mid-month rate hike.
The latest economist poll forecasts headline PCE prices rising 0.3% m/m in August, up one-tenth from July, with the annual rate seen unchanged at 3.7%.
Core PCE, the Fed’s preferred underlying inflation gauge, is also expected to rise 0.3%...
With upside risks to inflation increasingly materialising, Australian central bankers are expected to step up the pace of tightening and raise rates again on Tuesday.
In what would be the fourth increase this year, the Reserve Bank of Australia’s Monetary Policy Board is widely expected to vote unanimously for a 25 basis point hike in the cash rate to 4.60%.
The decision itself appears largely priced in, leaving the accompanying guidance and Governor Michele...
German firms remained relatively upbeat about the economic outlook in September, echoing the more positive signals from this week’s S&P Global PMI surveys.
The Ifo Institute said Thursday that its headline business climate index rose to 89.9 in September from 88.8 in August, beating the consensus forecast of 89.0. (Continue Reading - LiveSquawk)
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