Tag Archives: rate

No Federal Reserve officials thought it’d be appropriate to begin cutting rates in 2023, and officials worried that easing in financial conditions could complicate the central bank’s efforts to bring down inflation, according to internal discussions at their policy meeting three weeks ago. Minutes from the central bank’s December policy meeting released Wednesday showed while Fed officials welcomed easing October inflation data, they stressed that it would take substantially more evidence… Source link

According to a recent leaked Google smartphone launch roadmap, the Pixel 7a should become official “around April or May” – most likely the announcement will take place at the company’s annual developer conference called I/O, which happens in May. As we get ever closer, more and more leaks of the device are starting to pop up – including today’s, which is a blurry hands-on video seemingly originating in Vietnam. We’re basing that assumption on the fact that the unit depicted has its… Source link

U.S. stocks descended Thursday morning as Wall Street reeled from another sizable rate hike by Federal Reserve officials and assessed similar moves by central bank officials across the Atlantic. A disappointing reading on consumer spending also weighed on sentiment. The European Central Bank and the Bank of England followed the U.S. Fed in raising interest rates by 50 basis points Thursday morning. The BoE’s hike brought rates in the country to their highest since 2008. The S&P 500 (^GSPC)… Source link

Job growth slightly abated in November alongside rising interest rates but reflected stronger-than-expected hiring momentum, even as worries of a recession grow. The Labor Department released the monthly jobs report for November at 8:30 a.m. ET on Friday. Here are the highlights, compared to Wall Street estimates compiled by Bloomberg: Non-farm payrolls: +263,000 vs. +200,000 expected Unemployment rate: 3.7% vs. 3.7% expected Average hourly earnings, month-over-month: +0.6% vs. +0.3%… Source link

Federal Reserve Chair Jerome Powell set the table for a 50-basis point rate hike at the Fed’s December policy meeting, saying in a speech on Wednesday it makes sense to “moderate” rate hikes as the Fed approaches its estimated peak in benchmark interest rates. “It makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down,” Powell said in a speech at the Brookings Institution in Washington. “The time for… Source link

Stocks rose on Wednesday after the minutes from the Federal Reserve’s latest policy meeting signaled a likely slowdown in the central bank’s pace of interest rate increases next month. When the closing bell rang on Wall Street, all three major indexes were in green figures, with the S&P 500 up 0.6%, the Dow up 0.3%, and the Nasdaq higher by 1%. Wednesday marked the week’s final full trading session for U.S. investors. U.S. markets will be closed for Thanksgiving, and markets are open for just… Source link

San Francisco Fed President Mary Daly said Monday it’s premature to take another 75-basis point rate hike off the table ahead of the central bank’s December policy meeting. “It’s premature in my mind to take anything off the table,” Daly said when asked during a media Q&A whether a 75-basis point rate hike is still possible for the next policy meeting if forthcoming inflation reports came in hot. “I’m going into the meeting with the full range of adjustments that we could make… Source link

Google search representatives have consistently and clearly stated that they do not use Google Analytics data to rank websites. But, there are discrepancies between what Google says and what SEOs believe. Despite Google’s public statements, some search marketers continue to believe that bounce rate is in some way a ranking factor. Why do they believe this? Is there any validity to the claims against Google’s public statements? Does Google use bounce rate to rank webpages? [Recommended… Source link

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

Homebuyers who were able to buy over the past years or owners who locked in dramatically low mortgage rates by refinancing are not selling as those same rates climb. “That’s going to continue likely for the rest of this year, as affordability challenges really reign [over] buyers’ budgets and sellers’ decisions on whether or not to list their homes,” Zillow Economist Nicole Bachaud told Yahoo Finance Live (video above). The housing market is in the midst of a major shift as the Federal… Source link