County Jerome Financial News

Treasury yields surged this week, sparking a broader selloff in global bond markets as investors brace for higher interest rates for longer. Longer-dated US government yields reached levels last seen in the financial crisis, fueled in part by strong job-market data. That culminated with a report at the end of the week showing employment unexpectedly surged last month, bolstering the case for another Federal Reserve rate hike. Governments took advantage of cheap borrowing costs during the pandemic to safeguard their economies.

A hotter-than-expected jobs report will likely nudge the Federal Reserve toward raising interest rates again by the end of the year.

A hotter-than-expected jobs report will likely nudge the United States Federal Reserve toward raising interest rates again by the end of the year.

Investing.com — Crude prices edged higher on Friday amid deep weekly losses left by one of the oil market’s worst tumbles for the year.

Despite public reassurances about the robustness of the U.S. economy, the Federal Reserve is preparing to downsize its workforce, according to Reuters. The central bank has confirmed plans to eliminate approximately 300 positions by the end of this year. This decision marks the institution's first notable personnel reduction since 2010. Currently, the Federal Reserve system, which consists of 12 regional reserve banks, employs around 21,000 individuals.

FreedomWorks senior economist Steve Moore provides insight on the state of the economy on 'Making Money.'

U.S. job openings unexpectedly rose in August, another sign the U.S. labor market remains strong despite higher interest rates — perhaps too strong for the inflation fighters at the Federal Reserve

oil trading at $100-a-barrel next year? Because a triple-digit price tag wouldn’t just mean elevated energy prices — it would also turbocharge the dollar. The combination of expensive barrels and a rampaging greenback could make crude a wrecking ball in 2024 that keeps inflation high enough to destroy growth around the world. The more oil soars, the pricier the dollar is likely to be, creating a pernicious feedback loop.

Bitcoin (BTC) price gained 6% from Oct. 1 to Oct. 2 but after failing to break the $28,500 resistance, the price dropped by 4.5% on the same day. This decline happened because of the disappointing performance of Ether (ETH) futures exchange-traded funds (ETFs) that were launched on Oct. 2 and concerns about an upcoming economic downturn.

By Howard Schneider

Federal Reserve officials typically gather many of their insights and observations about the economy from some of the top Ph.D. economists in Washington

Wall Street's main indexes opened lower on Monday as the 10-year Treasury yield regained 2007 highs, while investors awaited comments from Federal Reserve Chair Jerome Powell and more data this week to gauge the central bank's interest-rate path. The Dow Jones Industrial Average fell 52.00 points, or 0.16%, at the open to 33,455.50. The S&P 500 opened lower by 3.53 points, or 0.08%, at 4,284.52, while the Nasdaq Composite dropped 1.34 points, or 0.01%, to 13,217.99 at the opening bell. Powell and Philadelphia Fed President Patrick Hasker will speak at a roundtable discussion, due 11 a.m. ET, with local employers and small business owners on efforts to grow the economy. Later in the day, Cleveland Fed President Loretta Mester will speak on the outlook for the U.S.

Wall Street was set to open lower on Monday as the 10-year Treasury yield regained 2007 highs, while investors awaited comments from Federal Reserve Chair Jerome Powell and more data this week to gauge the central bank's interest-rate path. Powell and Philadelphia Fed President Patrick Hasker will speak at a roundtable discussion, due 11 a.m. ET, with local employers and small business owners on efforts to grow the economy. Later in the day, Cleveland Fed President Loretta Mester will speak on the outlook for the U.S.

US stock futures rose and Treasuries fell after a deal was reached on the weekend to avoid an American government shutdown. Traders are waiting to hear remarks from Federal Reserve Chief Jerome Powell later Monday.

Investing.com — U.S. stock futures oscillated around the flatline on Monday, paring back some earlier gains, as investors digested the implications of an eleventh-hour deal to prevent a U.S. government shutdown over the weekend and looked ahead to fresh economic data this week.

Investing.com — With an eleventh-hour deal reached to avert a U.S. government shutdown investors will be focusing on U.S. jobs data and speeches by Federal Reserve head Jerome Powell and European Central Bank President Christine Lagarde in the week ahead. Central banks meeting in Australia and New Zealand will also be in focus and markets continue to digest the ‘higher for longer’ interest rates mantra. Here’s what you need to know to start your week.

Federal Reserve Bank of Chicago President Austan Goolsbee provides insight on the state of the U.S. economy on 'Making Money.'

Friday 29th September 2023 – The Bitcoin price is defying macro gloom to put on a 3% gain as it recaptures $27,000, but it is yield-bearing Bitcoin Minetrix ($BTCMTX) that’s raised $200,000 and could be the biggest winner.

Investing.com — The Dow jumped Thursday, as investors bought the recent weakness in tech stocks just as the rally in Treasury yields paused ahead of key inflation data slated for Friday.  

Nifty50 was below the 19,550 level. Here's how analysts read the market pulse: «On the daily charts, we can observe that the Nifty has closed below the 19,600 – 19,550 zone where multiple supports were placed. This is a sign of further weakness. On the way down it can slip further towards 19,500 – 19,440, which is the 78.6% Fibonacci retracement level of the rise from 19,224 – 20,222.

Bitcoin (BTC) hit new weekly highs after the Sep. 28 Wall Street open as markets awaited fresh cues from the United States Federal Reserve.