Investing.com-- U.S. stocks rose slightly Thursday, extending recent gains as labor market weakness fueled growing conviction that the central bank will cut rates in September.new applications for unemployment benefits
This followed Wednesday's payrolls revision, as the U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024. Analysts at Citi said they see a 50 bps reduction as their base case for September, especially after Wednesday’s minutes showed more officials leaning towards lower rates.Markets widely expect Powell to reiterate the central bank’s dovish stance, setting the stage for a September rate cut, although it remained unclear whether the Fed Chair will explicitly telegraph a September cut.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This small-cap stock could see big gains as film industry continues poststrike normalization, analyst saysSeaport Research Partners initiated coverage at a buy rating.
Source: CNBC - 🏆 12. / 72 Read more »
Tesla Gains as Musk Eyes $5B xAI Investment: Time to Buy the Stock?Stocks Analysis by The Tokenist (Timothy Fries) covering: Tesla Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
Stock market today: Asian stocks track Wall Street gains ahead of central bank meetingsAsian stocks started the week with gains ahead of central bank policy meetings in the United States and Japan, after a broad rally on Wall Street that
Source: Mynorthwest - 🏆 438. / 53 Read more »
Stock market today: Asian stocks track Wall Street gains ahead of central bank meetingsAsian stocks started the week with gains ahead of central bank policy meetings in the United States and Japan, after a broad rally on Wall Street that capped a tumultuous week.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: Asian stocks track Wall Street gains ahead of central bank meetingsAsian stocks started the week with gains ahead of central bank policy meetings in the United States and Japan, after a broad rally on Wall Street that capped a tumultuous week.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian stocks track Wall Street gains ahead of central bank meetingsAsian stocks started the week with gains ahead of central bank policy meetings in the United States and Japan, after a broad rally on Wall Street that capped a tumultuous week. Japan's Nikkei 225 index jumped 2.1%. U.S. futures and oil prices rose. On Friday, the S&P 500 rose 1.1% for its best day in seven weeks.
Source: AP - 🏆 728. / 51 Read more »