Weekly initial jobless claims rose 219,000 last week, less than expected
The number of Americans filing for first-time unemployment benefits rose by less than anticipated last week, suggesting that the US labor market remains reasonably...
The number of Americans filing for first-time unemployment benefits rose by less than anticipated last week, suggesting that the US labor market remains reasonably...
Sterling rose by almost a cent to $1.331 on the back of the news, its highest level since March 2022, before retreating slightly.
Overseas stocks rallied and currencies strengthened against the dollar after the Federal Reserve kicked off its rate-cutting campaign with a large reduction. Fed policy has big implications for overseas economies.
Bitcoin popped up over $60,000 and kept climbing early Thursday after the Federal Reserve slashed interest rates.
The pound was at its highest level in two-and-a-half years after the Bank of England left its key interest rate unchanged, taking a more cautious approach than the Federal Reserve. Sterling had already gotten a boost earlier in the session, following the Fed's rate cut on Wednesday.
The Bank of England kept interest rates at 5% in its September meeting, in a widely-anticipated decision.
US existing home sales fell by 2.5% in the month of August, nearly double the 1.3% decline economists originally forecasted. Catalysts hosts Madison Mills and Seana Smith examine the housing data out from the National Association of Realtors (NAR), noting the 0.7% month-over-month climb in housing inventory and the anticipated impact of the Federal Reserve's interest rate-cutting cycle. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
- The U.S. dollar edged higher Thursday, bouncing off its over one-year low after the Federal Reserve announced an outsized interest rate cut, while sterling gained...
The Bank of England is expected to keep rates steady amid inflation fears.
With yields on cash poised to fall, consider owning short-term bonds and funds that cover the broad U.S. stock market.