Economic events Archives

2024-12-17

Majorities in poll give Trump green light for some controversial policies

President-elect Donald Trump dances after speaking during the Fox Nation’s Patriot Awards at the Tilles Center in Greenvale, New York, Dec. 5, 2024. Heather Khalifa | AP Americans say they are ready to support President-elect Donald Trump in his second term, and majorities give a green light to some of his controversial promises on the campaign trail, according to…

2024-10-24

10-year Treasury yield climbs to 4.25%

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Business

The U.S. 10-year Treasury yield rose again Wednesday as traders digested the latest comments from Federal Reserve officials on the trajectory of interest rate cuts. The yield on the 10-year Treasury rose more than three basis points to about 4.24. At its session high, the benchmark rate traded at 4.26%, reaching its highest level since July 26. That move comes…

2024-10-09

Economic tailwinds boost Kamala Harris in election homestretch, economists say

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Business

The surprisingly positive jobs report Friday has reinforced growing optimism about the U.S. economy, less than a month before the end of an extremely close presidential race between Vice President Kamala Harris and former President Donald Trump, and while voters say the economy is a top priority. Nonfarm payrolls added 254,000 jobs in September, while the unemployment rate fell…

2024-10-08

10-year Treasury yield rebounds back above 4%

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Business

The 10-year Treasury yield, a benchmark for mortgages and car loans, jumped back above 4% on Monday amid stronger labor market readings and despite the start of a Federal Reserve rate-cutting campaign last month. The 10-year yield was up more than 4 basis points to 4.024%, its highest since early August and a big turnaround from its 2024 low…

2024-10-06

No more half-point rate cuts

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Business

Well, that was unexpected. The U.S. economy added a whopping 254,000 jobs in September, nearly 100,000 more than economists expected. The unemployment rate, which was expected to hold steady at 4.2%, slipped to 4.1%. Wages also rose more than expected month over month. Stock futures rallied following the news. Dow Jones Industrial Average futures popped 255 points, or 0.6%….

2024-10-05

10-year Treasury yield soars after jobs report blows past expectations

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Business

U.S. Treasury yields jumped Friday as investors digested a better-than-expected September jobs report. The 10-year Treasury yield rose around 12 basis points to 3.971%. The yield on the 2-year Treasury was 21 basis points higher at 3.924%. Yields and prices have an inverted relationship. One basis point equals 0.01%. Nonfarm payrolls grew by 254,000 in September, significantly exceeding the…

2024-10-04

Hurricane Helene recovery could cost $34 billion. Here’s who might pay

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Business

An aerial picture taken on September 28, 2024, shows storm damage in the aftermath of Hurricane Helene in Valdosta, Georgia. John Falchetto | Afp | Getty Images The devastation wrought by Hurricane Helene across the southeastern United States could cost upwards of $34 billion, according to early estimates from Moody’s Analytics. And due to the eroded state of the…

2024-10-03

Port strike could reignite inflation, with larger economic impact dependent on how long it lasts

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Business

A strike hitting ports along the East and Gulf coasts could stoke prices for food, autos and a host of other consumer goods but is expected to cause only modest broader impacts — so long as it doesn’t drag on for too long. Manufacturers of everything from trucks to toys to artificial Christmas trees face obstacles now that the…

2024-09-18

The Fed finally cuts rates. What the stock market historically does from here

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Business

The Federal Reserve cut interest rates for the first time in four years Wednesday. Let’s take a look at how stocks performed at the start of prior easing cycles. How it will perform from here depends largely on the economy, historical data shows. In total, across all cycles, the S & P 500’s performance in the aftermath of the…

2024-09-09

Yellen says U.S. economy remains solid, heading toward ‘soft landing’

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Business

U.S. Secretary of the Treasury Janet Yellen speaks listens to a presentation during a tour at the IRS Processing Facility on September 06, 2024 in Austin, Texas. Brandon Bell | Getty Images Treasury Secretary Janet Yellen sought to reassure the public on Saturday that the U.S. economy remains strong, despite a string of weak job reports that have rattled…

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Tag: Economic events

10-year Treasury yield climbs to 4.25%

Economic tailwinds boost Kamala Harris in election homestretch, economists say

10-year Treasury yield rebounds back above 4%

No more half-point rate cuts

10-year Treasury yield soars after jobs report blows past expectations

Hurricane Helene recovery could cost $34 billion. Here’s who might pay

Port strike could reignite inflation, with larger economic impact dependent on how long it lasts

The Fed finally cuts rates. What the stock market historically does from here

Yellen says U.S. economy remains solid, heading toward ‘soft landing’

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