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  • Aug 20, 2024

Wall Street Will Scour Fed Minutes for Clues on the End of Balance-Sheet Unwind

(Bloomberg) -- As debate heats up on Wall Street over when the Federal Reserve will complete its current course of quantitative tightening, strategists are looking for more guidance on Wednesday when the US central bank releases the minutes of its latest policy meeting.Most Read from Bloomberg‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemWhile most market-watcher

  • Aug 20, 2024

Fed officials uneasy about job market as they get ready for Jackson Hole

Federal Reserve officials gathering at the annual central banking conference in Jackson Hole, Wyoming, this week can take some satisfaction that the U.S. unemployment rate, at 4.3%, remains low by historical standards. But it usually is: The U.S. experience of unemployment since the late 1940s has involved jobless rates that far more often than not are below the 5.7% long-run average, until they rise fast and far above it, a phenomenon Fed officials are worried about repeating. The steady rise in the unemployment rate from 3.7% in January of 2023 to 4.3% as of July 2024 has also been accompanied by an increase of 1.2 million in the number of people looking for work - something that is usually considered a positive sign for the economy but that can cause the unemployment rate to rise.

  • Aug 20, 2024

Oil Options Show Market’s Middle East Worries Starting to Ease

(Bloomberg) -- Oil options markets are losing their bullish hue as hopes grow that Israel and Hamas will agree to a cease-fire and as Iran holds back for now on a much-anticipated retaliatory attack. Most Read from Bloomberg‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemHaving turned the most bullish in almost four months last week, the options market’s so-called

  • Aug 20, 2024

Fed confronts up to a million US jobs vanishing in revision

(Bloomberg) -- US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates. Most Read from BloombergA Floating Island in Baltimore Raises Hope for a Waterfront Revival‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemNJ Tr

  • Aug 20, 2024

Global Stocks Set for Longest Win Streak of 2024: Markets Wrap

(Bloomberg) -- Stocks ticked higher after a buoyant session on Wall Street amid bets the Federal Reserve will soon signal it’s ready to start cutting interest rates.Most Read from BloombergA Floating Island in Baltimore Raises Hope for a Waterfront Revival‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemNJ Transit Dishes Out Free Rides After Summer Train ChaosMSCI’s

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