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3 mins read
India’s unemployment rates have climbed by almost 4% in five years to reach 9.2% in June 2024
In a concerning development for India's economic landscape, the unemployment rate surged to an eigh…
2 mins read
Stock market today: Indexes rise as investors assess producer inflation and jobless claims data
Indexes rose Thursday as investors digested a slight uptick in jobless claims and the producer pric…
Kelly Cloonan
4 mins read
With Fed rate cuts imminent, what can you expect from the Indian markets next week?
Experts now believe a 25-basis point reduction in interest rates is imminent, since some positive c…
2 mins read
Stock market today: Indexes rise as investors mull jobless claims and prep for Jackson Hole meeting
Indexes rose Thursday as investors digested a slight increase in jobless claims ahead of the Fed's …
Kelly Cloonan
2 mins read
Stock market today: Indexes climb as drop in jobless claims boosts investors' confidence
Indexes rose on Thursday as investors digested better-than-expected jobless claims data, which show…
Kelly Cloonan
2 mins read
Stock market today: Indexes close at record highs and tech soars after Fed rate cut
Indexes rallied Thursday, with tech stocks leading the Nasdaq to rise 2.5% as investors continued t…
Kelly Cloonan
2 mins read
Stock market today: Dow surges 462 points as stocks rally after jumbo Fed rate cut
Indexes rose Thursday as investors digested Wednesday's jumbo rate cut from the Fed and a fall in w…
Kelly Cloonan
4 mins read
With stock markets crashing worldwide, are fears of a recession loading in the US pre-mature?
Even Goldman Sachs economists have upped the probability of recession hitting the US by 2025 to 25%…
2 mins read
The Fed will go bigger with rate cuts than markets think, Citi economist says
The Fed could cut 125 basis points by the end of the year if the labor market continues to cool, Ci…
Kelly Cloonan
2 mins read
Why the Fed will cut rates in September and then stop for the year, chief economist says
After an initial rate cut next month, the Fed will adopt a wait-and-see approach going forward, Tor…
Filip De Mott
2 mins read
Fed rate cuts are arriving too late and layoffs show the US economy is already in a recession, bond king Jeff Gundlach says
Layoff announcements climbed 193% over the last month, according to a report from the consultancy C…
Jennifer Sor
1 min read
Some Fed officials saw a case to cut rates in July, minutes show
Several Fed officials saw a case to cut interest rates in July, according to the FOMC minutes relea…
Filip De Mott
4 mins read
Gold rate today (24th June 2024): Latest price in Indian key cities
Gold rate on Monday rose across India. In Delhi, 10 grams of 24-carat gold cost ₹ 72,380. On the MC…
2 mins read
Stock market today: US stocks edge higher as investors assess path of Fed rate cuts
"Fed Funds Futures are discounting a steady diet of rate cuts over the next 12 – 16 months," DataTr…
Matthew Fox
4 mins read
Gold rate today (21st June 2024): Latest Rates in Indian Cities
Gold rate on Friday rose across India. In Delhi, 10 grams of 24-carat gold cost ₹72,450. On the MCX…
2 mins read
2 economists explain why the Fed should cut rates more than expected next month
Claudia Sahm thinks there's a strong case for a 50-basis point cut in September, given labor market…
Filip De Mott
2 mins read
Stock market today: Indexes edge up as cool July inflation locks in rate cut expectations
Inflation continued to cool in July, instilling further confidence that the Fed will begin cutting …
Jennifer Sor
2 mins read
Why the Fed will have to cut rates more than expected this year, ING says
The employment component of the ISM index plunged to 43.4 from 49.3 in July, representing the worst…
Matthew Fox
3 mins read
The Fed's long-awaited rate cuts will open up the job market — but it could take a while
The spiking unemployment rate will rise further before improving, but rate cuts will work eventuall…
Jennifer Sor
2 mins read
Stock market today: Indexes mixed as jobless claims jump to highest since August
Stock futures pared some losses heading into the opening bell as the market digested the latest job…