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This week, a fresh reading on the Fed's preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, will highlight the economic calendar. Updates on third quarter economic growth ...
US stocks traded mostly lower on Monday, retreating from last week's record highs. While the Nasdaq 100 rose slightly, the Dow Jones Industrial Average declined by nearly 350 points.
Investors watched carefully for dot plot changes, but instead got some much bigger news: Jerome Powell and the Fed see 2024 growth coming in at almost double what was expected.
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An economic indicator is a statistic that conveys certain information about economic activity. Economic indicators allow investors to analyze the economic performance of a state, country or region, as well as make forecasts about future performance. For example, each quarter the United States releases data on gross domestic product (GDP). This ...
Last week, the crucial August jobs report offered the latest evidence the US labor market continues to slow, with the US economy creating 187,000 new jobs last month while the unemployment rate ...
U.S. stocks plunged Tuesday as the prospect of higher-for-longer interest rates and letdowns from big-box retailers dampened the mood on Wall Street to start a busy holiday-shortened week.
After Saudi Arabia promised further production cuts, WTI reached $51.28 on January 7 and Brent climbed as high as $54.90, the highest since before COVID-19. [36] On January 14, a weaker dollar and an expected COVID-19 relief package helped oil move slightly higher, with WTI at $53.57 and Brent at $56.42, though Europe was experiencing more lockdowns and China had a higher number of COVID-19 ...