Wholesale inflation cooled last month in latest sign that price pressures are slowing
WASHINGTON (AP) — Wholesale inflation cooled last month in latest sign that price pressures are slowing.
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FortuneWall Street is starting to have buyer’s remorse on the Fed’s jumbo rate cut
"I assume several Fed officials regret doing so much."
- Reuters
Dollar on a roll after US jobs data and Middle East flare-up
Japan's yen fell to its lowest in nearly two months and other major currencies too were grappling with losses early on Monday as the dollar extended a rally sparked by Friday's strong U.S. jobs data and an escalation in the Middle East conflict. The dollar's gains followed a U.S. jobs report that showed the biggest jump in jobs in six months in September, a drop in the unemployment rate and solid wage rises, all pointing to a resilient economy and forcing markets to reduce pricing for Federal Reserve rate cuts. In latest developments in the Middle East, Israel bombed Hezbollah targets in Lebanon and the Gaza Strip on Sunday ahead of the one-year anniversary of the Oct. 7 attacks that sparked its war.
- Yahoo Finance
Chart of the Week: The jobs report's instant expectations shift
The September jobs report shocked economists with 254,000 new jobs added over the month, over 100,000 more than expected. Economists and strategists are scrambling to figure out what this means, but one thing is clear — it's not bad for stocks, the Fed, or anyone looking for a job.
- CNN Business
What a hot job market means for inflation
The US job market is still piping hot. That’s raising questions about how fast inflation will continue to cool.
- Reuters
Morning Bid: Markets mull potential US ‘no landing'
Trading in Asia kicks off on Monday with the global macro and market landscape suddenly appearing very different from how it looked on Friday, thanks to a set of U.S. employment figures that not even the most bullish of forecasters expected. The September non-farm payrolls report on Friday was unequivocally strong on all fronts, and throws into doubt the projected path for U.S. interest rates that investors - and perhaps the Fed too - had begun to settle on. The immediate shift in U.S. rate futures markets is clear - a 50 basis point rate cut next month is now completely off the table, and implied pricing is now aligned with Fed Chair Jerome Powell's baseline case of a quarter-point cut at each of the next two meetings.
- Barrons.com
China’s Stock Surge Could Fizzle Soon. Here’s What to Look For.
Chinese stocks have shot up more than 35% after Beijing took steps to stabilize its economy in mid-September. Now China’s government needs to deliver details on its plans for revitalization.
- Yahoo Finance
What's up with the economy? Insights from Walmart's CEO
A look at the US economy from a few different perspectives.
- The Hill
Opinion - China is tackling the symptoms rather than the causes of its economic problems
The problems over the past decade are structural in nature and will require fundamental reforms of the economy to put it on sounder footing.
- The Independent
Economists have blasted Trump's jobs and taxes plans as dangerous. Someone better tell the public
Though Trump often touts his economic experience as a successful businessman, economists worry his plans for a second term would be harmful, Ariana Baio reports
- GOBankingRates
I’m a Finance Expert: Here’s How Long It Will Take To Recover From Inflation If Trump Wins
Steep inflation has haunted Americans as our number one bogeyman over the last two and a half years.
- GOBankingRates
George Kamel Says Money Experts Who Believe Budgets Don’t Work Are Wrong — Here’s Why
Ramsey Solutions Master Financial Coach George Kamel has a bone to pick with budget-hating money experts. Perhaps that's because, as he tells it, after following the traditional American view of debt...
- People
Meet Steffi Graf and Andre Agassi's 2 Kids: All About Son Jaden and Daughter Jaz
Grand Slam champions Steffi Graf and Andre Agassi share two children
- The Telegraph
Hamas leader Yahya Sinwar has been silent for months - now some Israelis believe he has been killed
In a windowless room, somewhere in the bowels of the Israel Defense Forces (IDF) headquarters, Chief of Staff Lt Gen Herzi Halevi jabbed his index finger forward.
- The Telegraph
Chelsea bad boys face fines, bans and nervous wait after feisty draw with Nottingham Forest
Enzo Maresca declared himself “very happy” with his Chelsea bad boys, despite the fact the club will be fined for a second time this season for ill-discipline and Marc Cucurella and Wesley Fofana will serve one-match bans.
- Evening Standard
Jonny Evans reveals what Manchester United players think about Erik ten Hag sack rumours
Goalless draw at Aston Villa has not fully lifted pressure on Man United boss
- The Independent
Taiwan president says ‘impossible’ for mainland China to be the motherland
President says Republic of China has older historical roots than communist People’s Republic of China
- CNN
Professor who correctly predicted 9 presidential elections weighs in on ‘October surprise’
CNN’s Michael Smerconish asked presidential historian Allan Lichtman about the October surprise and if it ever impacts his prediction for who will win the race for the White House.
- Evening Standard
Pep Guardiola labels Fulham star 'unstoppable' after nervy Man City win
Saturday’s result at the Etihad could have been very different
- SETHLUI.COM
JB’s ‘haunted’ nasi lemak spot temporarily closing until mid-Nov
The post JB’s ‘haunted’ nasi lemak spot temporarily closing until mid-Nov appeared first on SETHLUI.com.
- The Telegraph
How Hezbollah turned Lebanon into a mafia state
Lokman Slim – intellectual, writer and Hezbollah critic – eased his frame into the front of the black Toyota hire car and pointed it in the direction of home.