Tag Archives: October

Federal Reserve raises interest rates another 0.25% to highest since October 2007

Federal Reserve raises interest rates another 0.25% to highest since October 2007

The Federal Reserve raised short-term interest rates Wednesday by a quarter percentage point, bringing its benchmark rate to a new range of 4.50% and 4.75%, the highest level since October 2007. In its statement on Wednesday, the central bank acknowledged the slowdown in inflation as the Fed continues to assess the impact its interest rate hikes have had on consumer prices over the last year. The 25 basis point rate hike marks a further slowdown in the Fed’s pace of rate increases after the… Source link

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Housing starts and permits drop in October

Housing starts and permits drop in October

House construction in the U.S. declined in October more than expected, while the number of permits for single-family homes tumbled, another sign of growing reluctance among home builders to increase inventory as many buyers are pushed out of the market. Residential starts — including both single- and multi-family units — decreased 4.2% last month to a 1.425 million annualized rate, according to government data released Thursday. Economists surveyed by Bloomberg had forecast a 2.0%… Source link

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Stocks rise as investors pore over October payroll data

Stocks rise as investors pore over October payroll data

U.S. stocks charged higher Friday morning as traders assessed monthly employment figures and weighed talks that China may ease COVID restrictions. The S&P 500 (^GSPC) bounced 1.4% at the start of trading but was poised for a weekly loss. The Dow Jones Industrial Average (^DJI) jumped 330 points, or 1%, while the technology-focused Nasdaq Composite (^IXIC) advanced 1.5%. The U.S. economy added 261,000 jobs in October, while September’s reading was upwardly revised to 315,000 from 263,000… Source link

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U.S. payrolls grew by 261,000 in October, unemployment rate rises to 3.7%

U.S. payrolls grew by 261,000 in October, unemployment rate rises to 3.7%

The U.S. economy added more jobs than expected in October even as the Federal Reserve pressed on with the central bank’s most aggressive monetary tightening campaign in decades. Here are the highlights from the Labor Department’s monthly jobs report released Friday, compared to consensus estimates from Bloomberg: Non-farm payrolls: +261,000 vs. +195,000 expected Unemployment rate: 3.7% vs. 3.6% expected Average hourly earnings, month-over-month: +0.4% vs. +0.3% expected Average hourly earnings,… Source link

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Bye bye, October rally. The November chill is here: Morning Brief

Bye bye, October rally. The November chill is here: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, Nov. 4, 2022 Today’s newsletter is by Julie Hyman, anchor and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and more market news on the go with Yahoo Finance App. Avid watchers of Yahoo Finance’s live programming might have noticed a theme emerging over the past week regarding the Federal Reserve meeting… Source link

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Yahoo Plays and Strategy for Sunday, October 30

Yahoo Plays and Strategy for Sunday, October 30

After another successful Saturday slate, we’re back to the grind for this Sunday card. We have eight games spread throughout the day, with seven making up the main slate. It’s rare to have seven on a Sunday, but we’re grateful to see so many teams in action. Many big-name players have brilliant matchups, so we’ll do our best to offer up a stud and value play at each position. With that in mind, let’s start with my favorite play on the slate. Guards Devin Booker, PHX vs. HOU ($35) People were… Source link

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Yahoo Plays and Strategy for Sunday, October 30

Yahoo Plays and Strategy for Sunday, October 30

After another successful Saturday slate, we’re back to the grind for this Sunday card. We have eight games spread throughout the day, with seven making up the main slate. It’s rare to have seven on a Sunday, but we’re grateful to see so many teams in action. Many big-name players have brilliant matchups, so we’ll do our best to offer up a stud and value play at each position. With that in mind, let’s start with my favorite play on the slate. Guards Devin Booker, PHX vs. HOU ($35) People were… Source link

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Yahoo Plays and Strategy for Saturday, October 29

Yahoo Plays and Strategy for Saturday, October 29

This article is part of our Yahoo DFS Hockey series. It’s Halloween weekend, but don’t be afraid of setting your DFS lineups. Saturday night there are nine games on the docket starting at 7 p.m. EDT or later. Here are some players to target, and to avoid, for your DFS squads. Let’s get to it! GOALIE Jordan Binnington, STL vs. MON ($38: Binnington is giving people flashbacks to his rookie campaign. Through four starts he has an 1.74 GAA and .936 save percentage. The Canadiens are 29th… Source link

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Yahoo Plays and Strategy for Saturday, October 29

Yahoo Plays and Strategy for Sunday, October 30

These opening two weeks have been amazing. The NBA is back in full force and is as unpredictable as ever. The only thing that’s driving me crazy is the injuries. It feels like we have big-name players sitting on every slate, and that could be the case here with a handful of teams amid a back-to-back set. That can sometimes make DFS frustrating, but you need to put the pieces of the puzzle together to earn big cash! Guards Luka Doncic, DAL vs. OKC ($57) We have plenty of value plays later in the… Source link

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