• September 4, 2024

Apple’s iPhone 16 launch is a big test for consumer AI

Apple ( AAPL ) will host its annual iPhone launch event on Monday, Sept. 9, at its headquarters in Cupertino, Calif. CEO Tim Cook is expected to headline the keynote, which will reportedly incl...

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• September 4, 2024

Bond Volatility in US to Eclipse Europe as Economy Cools

(Bloomberg) -- Bond traders are bracing for wilder market swings in the US than in Europe amid signs the world’s largest economy is faltering. A measure of volatility in US rate markets over the ...

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• September 4, 2024

Fed rate-cut size this month to hinge on job market health

By Ann Saphir (Reuters) -Federal Reserve policymakers are increasingly attentive to the U.S. labor market as they prepare for a policy-setting meeting later this month, when their assessment of j...

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• September 4, 2024

Job openings fall to lowest level since January 2021

Job openings fell more than expected in July. The data comes as investors closely watch for signs of further cooling in the labor market amid speculation the Federal Reserve will cut interest rates...

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• September 4, 2024

Gas prices could drop to $3 by year-end, analyst says

Gasoline prices have been on a downward trend as oil prices decline and gasoline futures ( RB=F ) approach three-year lows. The national average at the pump on Wednesday sat near six-month low...

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• September 4, 2024

Philadelphia Fed says it is looking for Harker successor

By Michael S. Derby NEW YORK (Reuters) -The Federal Reserve Bank of Philadelphia said on Wednesday it is launching a search to replace its current leader, Patrick Harker, who will retire next sum...

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• September 4, 2024

Bostic Says Risks to Fed’s Jobs, Inflation Goals Now in Balance

(Bloomberg) -- Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank’s two mandates — stable prices and maximum employment — are now in balance for the first time since 2021...

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• September 4, 2024

Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts

(Reuters) - If producer group OPEC+ doesn't reduce production further, the average price of oil could drop to $60 per barrel in 2025 due to reduced demand and increased supply from non-OPEC countrie...

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• September 4, 2024

Fed's Bostic warns against keeping restrictive policy stance for too long

(Reuters) - The U.S. central bank must not keep interest rates too high much longer or it risks causing too much harm to employment, Atlanta Federal Reserve President Raphael Bostic said on Wednesda...

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• September 4, 2024

Chile Restarts Interest Rate Cuts and Strikes Dovish Tone on Economic Outlook

(Bloomberg) -- Chile’s central bank lowered its interest rate by a quarter percentage-point, playing down the risks of sustained inflation while indicating borrowing costs could fall faster than pre...

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