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The Federal Reserve’s easing of interest rates may be one factor that turned the mood around. Another could be the election.
The PCE index could come in at the central bank’s much-vaunted target of 2% inflation.
While there’s a lot of new economic data coming out between now and then, it will probably be relevant for later Fed meetings.
The September rate cut raised hopes for a sturdy labor market into next year and beyond. The effect on jobs, though, may take time.
Inflation in the European Union has cooled sharply, but the economy could still use a boost.
Many are more optimistic and open to new projects because their own costs are easing and they expect consumers to spend more.
Trader Jared Dillian says PE firms are having problems exiting their investments, and he worries that the sector poses systemic risk.
Several carmakers reported soft sales in the third quarter, and average loan rates for new cars exceeded 7%.
In a competitive housing market, buyers are forgoing their right to an inspection, or the right to walk away from a property if it’s not in good condition.
Many are paying interest rates well below today’s.