city Powell, county Jerome - politmaster.com

Feb 09, 2024
By cnbc.com

5 things to know before the stock market opens Wednesday

Here are the most important news items that investors need to start their trading day: Stocks have pulled back from their record highs as doubts grow about how soon the Federal Reserve will start to cut interest rates. After the central bank held rates steady last week, Chair Jerome Powell suggested investors may have to wait longer than expected for policy to ease — and other Fed policymakers have started to back him up this week. Earnings will help to drive stocks for the rest of th

Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts

Chair Jerome Powell will enter this week's Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed's target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low.

US adds 216,000 jobs in December as stronger than expected rise caps robust year

The US workforce added 216,000 jobs last month, more than expected by economists, capping another robust year of growth in the face of higher interest rates.

Contacts

Political news from city Powell, county Jerome

5 things to know before the stock market opens Wednesday

Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts

US adds 216,000 jobs in December as stronger than expected rise caps robust year