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Dan North - 2 Scott Olson - 1 We're - 1 North - 1 they've - 1 payrolls - 1 — - 1 Dow Jones - 1
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☆ A crucial report Wednesday is expected to show little progress against inflation
  + stars: | 2024-04-09 | by ( Jeff Cox | ) www.cnbc.com   time to read: +3 min
Scott Olson | Getty ImagesA closely watched Labor Department report due Wednesday is expected to show that not much progress is being made in the battle to bring down inflation. To be sure, inflation has come down dramatically from its peak above 9% in June 2022. That showed headline inflation running at 2.5% and the core rate at 2.8% in February. For their part, markets have grown nervous about the state of inflation and how it will affect rate policy. "I don't see a whole lot here that is going to move things magically the way they want to go," North said.
Persons: Scott Olson, We're, Dan North, North, they've Organizations: Getty, Labor Department, Federal Reserve, Allianz Trade North America, Fed, Commerce, PCE Locations: Chicago , Illinois
☆ US stocks rise as bond yields pull back from 16-year highs
  + stars: | 2023-10-04 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +2 min
US stocks moved higher on Wednesday, while bond yields declined Tuesday's highs. ADP reported private payrolls climbed 89,000 in September, below forecasts of 160,000. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementUS stocks moved higher on Wednesday, as the 10-year US Treasury yield retreated slightly after hitting 16-year highs.
Persons: payrolls, —, Dow Jones, Dan North, Quincy Krosby Organizations: Treasury, Service, Dow Jones Industrial, Nasdaq, Federal Reserve, Fed, Allianz Trade North, JPMorgan, Dow Jones Locations: Allianz Trade North America
☆ The Fed Keeps Hiking Interest Rates. Here’s Why You Should ‘Absolutely’ Act Now for Better Savings and CD Rates
  + stars: | 2023-02-01 | by ( ) www.wsj.com   time to read: +6 min
By Martha C. WhiteThe Fed is set to send savings and CD rates higher yet again. On Wednesday, the Fed announced a quarter-percentage-point interest rate increase to its benchmark federal-funds rate, following its Jan. 31-Feb.1 meeting. Policy makers’ economic projections released in December show that Fed officials don’t expect inflation to hit 2.1% until 2025. “It’s going to be slow, but I think the trend is going to be higher” rates. If that’s your bank, he adds, you “absolutely should be taking advantage of a higher rate savings account.”
☆ Cyber Monday sets sales record as shoppers splurge on toys, electronics- report
  + stars: | 2022-11-29 | by ( ) www.reuters.com   time to read: +2 min
Toys were the hottest products on Cyber Monday, their online sales jumped nearly eight-fold compared to an average day in October 2022, according to the Adobe Analytics report. Electronics sales rose about five-fold, while sporting goods, appliances and books also saw increases over 400%. About 196.7 million shoppers made purchases during the five-day holiday period from Thanksgiving Day through Cyber Monday, the National Retail Federation said on Tuesday. Reuters Graphics Reuters GraphicsCanada's Shopify Inc (SHOP.TO) said its merchants recorded $7.5 billion in sales globally from Black Friday through Cyber Monday. Still, some experts were not convinced that a bright Cyber Monday was a sign of inflation easing its burden on consumer sentiment.
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