Wall Street is reacting to a better-than-expected labor sector reading this morning. The US economy added 254,000 jobs in September, coming in significantly above the 150,000 expected by economists. Meanwhile, the unemployment rate ticked slightly lower to 4.1%, coming in below the 4.2% expected by economists. Citi senior global economist Robert Sockin and Academy Securities … Read more
Committee to Unleash Prosperity co-founder Steve Moore weighs in on the Federal Reserve’s rate cut decision and the impact of the migrant influx on the labor industry. #foxbusiness Subscribe to Fox company! https://bit.ly/2D9Cdse Watch more Fox company Video: https://video.foxbusiness.com Watch Fox company Network Live: http://www.foxnewsgo.com/ FOX company Network (FBN) is a financial news channel delivering … Read more
For the first time in more than four years, the Federal Reserve has cut the target for its benchmark finance charge rate, slashing it by 50 basis points. Morgan Stanley Asset Management Co-Head of Broad Markets Fixed revenue Vishal Khanduja notes that, based on the Fed’s projections, unemployment is now in focus rather than inflation. … Read more
The Federal Reserve manages finance charge rates to influence financial conditions within the United States. But those decisions can also affect the posture of other central banks because many aspects of international financial rely on U.S. dollars. As the world moves away from a global round of economic tightening, central bankers in the U.S. are … Read more
Economic Policy Innovation Center senior fellow William Beach breaks down signs of weakness in the economy on ‘Making Money.’ Subscribe to Fox enterprise! https://bit.ly/2D9Cdse Watch more Fox enterprise Video: https://video.foxbusiness.com Watch Fox enterprise Network Live: http://www.foxnewsgo.com/ FOX enterprise Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main … Read more
Heritage Foundation public money management economist E.J. Antoni argues that the U.S. labor industry is ‘definitely slowing down’ during an appearance on ‘Cavuto: Coast to Coast.’ #foxbusiness Subscribe to Fox enterprise! https://bit.ly/2D9Cdse Watch more Fox enterprise Video: https://video.foxbusiness.com Watch Fox enterprise Network Live: http://www.foxnewsgo.com/ FOX enterprise Network (FBN) is a financial news channel delivering real-time … Read more
A ‘Mornings with Maria’ panel discuss the August jobs data and the state of the U.S. economy. Subscribe to Fox enterprise! https://bit.ly/2D9Cdse Watch more Fox enterprise Video: https://video.foxbusiness.com Watch Fox enterprise Network Live: http://www.foxnewsgo.com/ FOX enterprise Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered … Read more
ISM’s Services PMI (Purchasing Managers’ Index) saw the sector grow in August, according to a print of 51.5 which was above expectations for 51.4. “We’re putting every data point under a microscope,” Freedom Capital Markets chief global strategist Jay Woods tells Madison Mills and Brad Smith on Catalysts, emphasizing the importance of economic data leading … Read more
Crossmark Global Investments chief sector strategist Victoria Fernandez analyzes the economy and explains why Nvidia stock sold off after its earnings beat on ‘Making Money.’ #foxbusiness #makingmoney Subscribe to Fox company! https://bit.ly/2D9Cdse Watch more Fox company Video: https://video.foxbusiness.com Watch Fox company Network Live: http://www.foxnewsgo.com/ FOX company Network (FBN) is a financial news channel delivering real-time … Read more
The Federal Reserve is poised to cut rates at its September meeting, but there is still debate as to how much they will cut by. PNC economic assistance Group Chief Economist Gus Faucher gives his takeaways from the latest economic data — including the July Personal Consumption Expenditures report and the second quarter GDP revision. … Read more