• September 4, 2024

US economy is slowing, but still has momentum, former official says

SHANGHAI (Reuters) - The U.S. economy is slowing but it still has some momentum, former Treasury Secretary Robert Rubin said on Thursday. The U.S. Federal Reserve is doing about the right thing, ...

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• September 4, 2024

Oaktree’s Marks Says Fed Cuts Won’t Take US Rates Below 3%

(Bloomberg) -- US interest rates will settle in a range of between 3% and 4% after reductions by the Federal Reserve, according to Oaktree Capital Management LP’s Howard Marks. “The Fed will back...

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• September 4, 2024

Fed's Daly says rate cuts needed to keep labor market healthy

By Ann Saphir (Reuters) - The Federal Reserve needs to cut interest rates to keep the labor market healthy, but it is now down to incoming economic data to determine by how much, San Francisco Fe...

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• September 4, 2024

Dollar weakness to stall as markets over-egg Fed rate cuts: Reuters poll

By Sarupya Ganguly BENGALURU (Reuters) - Recent U.S. dollar weakness will stall in the coming three months despite financial market traders ramping up bets for Federal Reserve interest rate cuts,...

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• September 4, 2024

Michael Dell on AI: Talk of a slowdown is way overblown

Dell Technologies ( DELL ) founder and CEO Michael Dell thinks talk of an AI spending letdown is way overblown. "There always are bumps in the road as you launch a rocket and create new capabil...

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• September 4, 2024

The Federal Reserve should refresh its mandate: Former presidential candidate Vivek Ramaswamy

The Federal Reserve’s dual mandate to promote maximum employment and stable prices should be tweaked, proclaimed former Republican presidential candidate Vivek Ramaswamy. "I personally believe th...

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• September 4, 2024

Morning Bid: Jittery markets now 50-50 on 50 bps cut from Fed

By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. Investors in Asia are bracing for a wave of top-tier economic data releases on Thursday, as they continue to process thi...

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• September 4, 2024

Treasuries Soar as Jobs Fuel Bets on Jumbo Fed Cut: Markets Wrap

(Bloomberg) -- Treasury yields tumbled as data showing a slowdown in the US labor market boosted Wall Street’s bets on Federal Reserve rate cuts. Stocks fell as Nvidia Corp. extended its two-day sel...

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• September 4, 2024

US Yield Curve Disinverts as Soft Labor Data Fuels Fed Cut Bets

(Bloomberg) -- A key segment of the US Treasury yield curve briefly turned positive as weaker-than-anticipated labor-market data bolstered bets on steep interest-rate cuts by the Federal Reserve. ...

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• September 4, 2024

Why Harris is splitting with (some of) Biden’s capital gains plans

On a day when Vice President Kamala Harris unveiled a new plan for small businesses, the Democratic nominee also announced a change in her plans to pay for it by saying that the long-term capital ...

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