• September 6, 2024

'The time has come': Why the August jobs report keeps the Fed on track for a 25 basis point rate cut

A rebound in the job market in August that still showed signs of cooling is likely to keep the Federal Reserve on track to cut interest rates by a quarter percentage point this month. The results...

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• September 6, 2024

Economic worries back on Wall Street's radar after jobs data

By Lewis Krauskopf and David Randall NEW YORK (Reuters) -Uncertainty over the U.S. economy's health is rippling through markets, adding fuel to an already-volatile period that has investors grapp...

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• September 6, 2024

Traders Are Split on Scale of Cuts Before Fed Kicks Off Easing

(Bloomberg) -- Investors in the US Treasury market are divided on whether the Federal Reserve will opt for a supersized interest-rate cut later this month — though they still expect the central bank...

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• September 6, 2024

Wall Street Traders Suddenly Converge on Economic Hazards Ahead

(Bloomberg) -- For those on Wall Street clinging to the bull case on the economy, life is getting harder. Troubling data – long foretold in the bond and commodity markets – woke traders across ri...

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• September 6, 2024

Hedge Funds Slash Bets on an Oil Rally to Lowest Ever Amid Rout

(Bloomberg) -- Hedge funds turned the least bullish on crude in records going back more than 13 years on the prospect of swelling supplies and waning demand. Money managers decreased their combin...

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• September 6, 2024

Newest Jobs Data Fail to Resolve Fed Debate Over September Cut

(Bloomberg) -- The latest snapshot of the US labor market left open the possibility the Federal Reserve will go big as it begins cutting interest rates, though two key officials on Friday stopped sh...

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• September 6, 2024

France’s Barnier Indicates Tweaks to Macron’s Economic Policies

(Bloomberg) -- France’s newly appointed prime minister, Michel Barnier, indicated he’s willing to make minor changes to President Emmanuel Macron’s economic policies that don’t compromise efforts to...

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• September 6, 2024

US Gulf Coast-bound fuel oil cargoes hit 5-yr low as refinery demand weakens

By Georgina McCartney HOUSTON (Reuters) - Fuel oil exports bound for the U.S. Gulf Coast slumped to their lowest level since January 2019 last month, a sign of weakened refinery demand as margins...

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• September 6, 2024

Summers Says Jobs Weakness Makes It Closer Call on Fed Going 50

(Bloomberg) -- Former Treasury Secretary Lawrence Summers said that while the August employment report wasn’t particularly poor, it did make predicting the size of the Federal Reserve’s likely inter...

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• September 6, 2024

Saudis Cut October Crude Oil Price to Asia as Demand Wanes

(Bloomberg) -- Saudi Arabia cut pricing of its flagship crude grade for its main market in Asia next month as concerns mount over waning demand. State-owned Saudi Aramco lowered the official sell...

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