US jobs report surprise shifts Fed cut odds — Capital Brief
WEB11 hours ago · The data moved bets on Fed funds futures sharply towards a 25-basis-point cut in November, down almost 10 basis points from before the report, according to Bloomberg. It also pushed US shares higher, with the Dow Jones Industrial Average rising 0.81% to close at a new record high. The numbers exceeded the …
Capital Brief — Business news and politics for the new economy
WEBPsiQuantum will 'need more money' to finish Brisbane supercomputer. Capital Brief covers business and politics news for those shaping the new Australian economy: founders and executives who need capital to grow their businesses, the people who help them get it, investors who allocate it, and decision makers in the federal capital, Canberra.
Dow ends at record high after jobs data — Capital Brief
WEB9 hours ago · The news: The Dow posted a record closing high on Friday and the Nasdaq ended with a more than 1% gain as a stronger-than-expected jobs report reassured investors who had worried the US economy may be getting too weak. The numbers: Among the main indexes: the Dow Jones rose 0.81%, the S&P 500 gained 0.90%, while the Nasdaq added 1.22%. US nonfarm payrolls showed the economy added 254,000 jobs ...
US jobs boom shakes rate cut bets — Capital Brief
WEB14 hours ago · The news: US employers added 254,000 jobs in September, significantly beating expectations and showing resilience in the economy, data released by the US Bureau of Labor Statistics on Friday showed. The numbers: The numbers exceeded the 140,000 jobs forecast by economists surveyed by Reuters and were higher than the revised figure of 159,000 jobs added in August.
Central bank scrutiny, business data, housing schemes: the week …
WEB1 day ago · Highlights: With three prominent RBA officials out speaking, and the latest meeting minutes from the central bank being released, there will be significant scrutiny on the latest thinking about inflation, retail data and global central bank movements. As mentioned in our offshore section below, it's a busy week for cash rate decisions, and no ...
Finance and markets - Capital Brief
WEB3 days ago · The latest finance and markets news from Capital Brief, including banking, deals, ESG, funds management, investment banking, infrastructure, markets, private equity, professional services and venture capital coverage.
Economy — Capital Brief
WEB5 days ago · Economy news including US stocks end lower ahead of jobs data, Middle East focus, US unemployment claims rise slightly, IMF backs RBA's higher interest rate stance, warns of fiscal spending risk.
US Fed in soft landing path with gradual cuts — Capital Brief
WEBSep 30, 2024 · 1. Fed path: US Federal Reserve Chair Jerome Powell signalled the central bank will continue lowering interest rates gradually to support economic growth and employment, aiming for a "soft landing" where inflation reaches the 2% target without a surge in joblessness. Following the Fed’s jumbo half-percentage point cut in …
US Fed’s Powell signals gradual cuts to keep economy strong
WEB6 days ago · The news: US Federal Reserve Chair Jerome Powell signalled the central bank will continue lowering interest rates gradually to support economic growth and employment, aiming for a "soft landing" where inflation reaches the 2% target without a surge in joblessness. The numbers: The Fed cut rates by half a percentage point in September, the first cut since 2020, as it started its easing cycle.
Housing costs lift US inflation, cap Fed cut expectations
WEBSep 11, 2024 · The news: US inflation showed mixed results in August, with core CPI rising 0.3% from July, the highest in four months, driven by higher shelter and service costs. Core CPI excludes food and energy. The numbers: On a year-on-year basis, it rose 3.2%. Overall, CPI increased 0.2%, in line with forecasts, advancing 2.5% year-on-year, its smallest rise since early 2021.