Bank of America
Fed is predicted to deliver three quarter-point rate cuts this year: Reuters poll
The U.S. Federal Reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024.
Adriana Kugler
Fed getting ‘closer’ to rate cuts, top officials say
Fed Governor Christopher Waller and New York Fed President John Williams both voiced that description of the shortening horizon toward looser monetary policy.
Average Hourly Earnings
US job growth slows moderately; unemployment rate rises to 4.1%
The Labor Department’s employment report also showed the economy created 111,000 fewer jobs in April and June than previously estimated.
Accenture
S&P 500 notches record high as Nvidia rally continues
The benchmark S&P 500 touched a record high on Thursday, boosted by strong gains in Nvidia.
Business
US inflation trending lower; consumer spending strong in December
U.S. prices rose marginally in December, keeping the annual increase in inflation below 3% for a third straight month.
" Manufacturing payrolls
US job growth misses expectations in October as labor market slows
U.S. job growth in October slowed due to strikes, with wages increasing at the slowest rate in over 2 years.