labor market

Fed hawks and doves: What US central bankers are saying

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Fed hawks and doves: What US central bankers are saying

U.S. central bankers lopped half of a percentage point from their interest rate target in September. Federal Reserve Chair Jerome Powell said the bigger-than-expected reduction was a sign of confidence that inflation is headed back to the 2% target and should not be seen as any indication of the pace of cuts going forward. Here … Read more

S&P 500, Nasdaq hit two-week lows as caution reigns over Middle East tensions

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S&P 500, Nasdaq hit two-week lows as caution reigns over Middle East tensions

The benchmark S&P 500 and the Nasdaq traded near two-week lows on Wednesday as investors priced in a possible escalation in geopolitical tensions in the Middle East, while a survey allayed worries about a rapid cooldown in the U.S. labor market. Markets were wary as Israel and the U.S. vowed to strike back after Iran … Read more