Breitbart Business Digest: There’s No Emergency Rate Cut Coming

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.

The combination of the sharp selloff in global equities on Monday and the disappointing jobs numbers on Friday has cemented the view that theby calling on the Fed to make an emergency 75 basis point cut in the federal funds rate—followed by another 75 basis point cut at the September meeting. “And that’s the minimum,” Siegel told CNBC’s Joe Kernan.

. The economy added 114,000 jobs in July, which was just 66,000 short of what was expected. While that is on the low side of job growth outside of a recession, it is not extraordinarily low. We added 108,000 in April—and then immediately bounced back to twice that many in the following month. By most estimates, the economy only needs to add around 100,000 jobs to keep up with population growth. The three-month average of job growth is now 170,000, which is above historical averages.

. In any case, the market typically has at least one 10 percent correction every year and three five percent downturns, according to Bank of America research. Larger 15 percent plunges happen around every two years on average. Since the last correction happened back in October of 2023, we were due for one. Far from an indication of an emergency, the sell-off was an indication that markets are behaving normally.. Riskier stocks sold off more than safer stocks.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 610. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Breitbart Business Digest: Kamala Harris’s Fingerprints Are All Over the Market PlungeSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Fonte: BreitbartNews - 🏆 610. / 51 Consulte Mais informação »

Breitbart Business Digest: Surging Unemployment and Recession Risk Cement September Rate CutSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Fonte: BreitbartNews - 🏆 610. / 51 Consulte Mais informação »

Breitbart Business Digest: Manufacturing’s Slump Undermines Key Kamala Harris ClaimSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Fonte: BreitbartNews - 🏆 610. / 51 Consulte Mais informação »

Breitbart Business Digest: Trump Proposes an End to the Stealth Social Security Tax on RetireesSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Fonte: BreitbartNews - 🏆 610. / 51 Consulte Mais informação »

Breitbart Business Digest: Kamala Harris Was the Biggest Cheerleader for BidenomicsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Fonte: BreitbartNews - 🏆 610. / 51 Consulte Mais informação »

Breitbart Business Digest: Will the Fed Push Back on Expectations for a September Cut?Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Fonte: BreitbartNews - 🏆 610. / 51 Consulte Mais informação »