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October jobs and inflation reports are canceled and November data are delayed until after the Fed's Dec. 9-10 meeting. What this may mean for rates.
Federal Reserve Governor Christopher Waller discussed his meeting with Treasury Secretary Scott Bessent as speculation grows about his potential Fed chair appointment.
16hon MSN
No Jobs Data, No Fed Meeting? The Central Bank's December Interest Rate Decision Just Got Harder
The Federal Reserve's next rate move may hinge on delayed employment data, which won't be released until after its next scheduled rate cut decision.
Wholesale prices moved higher in September, the Labor Department said, data likely to leave the Federal Reserve’s preferred inflation metric stubbornly above target when the central bank meets next month.
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What matters in U. stocks look set to build on Friday's jump with investor hopes resting on a Fed rate cut materialising in December, but the question is how much further prices can bounce.
Texas factory activity expanded at a markedly faster pace in November, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose 15 points to 20.5, indicating a notable pickup in output growth.
Fed easing hopes have zoomed higher since New York Fed boss John Williams nodded late Friday to another cut next month. Futures markets now see a more than 70% chance of a move in December compared with a 1-in-4 chance just a week ago.
Instead, they’re second-guessing the euphoria around all things artificial intelligence, from stratospheric tech company valuations to the sustainability of massive spending on chips, data centers, and related AI infrastructure that has kept the otherwise sluggish US economy moving forward.