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Search resuls for: "Morgan Stanley's Global Investment"


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Traders work on the floor of the New York Stock Exchange (NYSE) on November 02, 2023 in New York City. Friday's market reaction to the jobs report comes down to a simple premise: bad news is good news, as long as it isn't too bad. Slow, controlled growth is something the markets and the Fed are seeking in the current climate, negative growth is not. Despite market pricing, it seems like cuts aren't around the corner if recent statements from Fed officials are any indication. You could imagine a scenario where inflation is starting to settle and you want to lower real rates.
Persons: Stocks, nonfarm, Mike Loewengart, We've, Michael Arone, Jerome Powell, Thomas Barkin Organizations: New York Stock Exchange, Labor Department, Federal Reserve, Fed, Morgan Stanley's Global Investment, Markets, Traders, Group, State Street Global Advisors, Richmond Fed, CNBC PRO Locations: New York City
Wholesale inflation rose 0.5% in September, more than expected
  + stars: | 2023-10-11 | by ( Jeff Cox | ) www.cnbc.com   time to read: +3 min
A measure of wholesale prices rose more than expected in September, indicating simmering inflation pressures for the U.S. economy. Inflation pressures came primarily from final demand goods, which surged 0.9% on the month, while services increased 0.3%. Much of the goods prices increase came from gasoline, which jumped 5.4%, while food prices posted a 0.9% gain. Energy prices broadly rose 3.3%. On the services side, prices for final demand services less trade, transportation and warehousing rose 0.3%, while final demand trade services costs increased 0.5%.
Persons: Dow Jones, Mike Loewengart Organizations: Dow, Labor Department, PPI, Energy, Morgan Stanley's Global Investment, Federal Reserve, Fed Locations: U.S
So far the signs of revival has not translated into strong investment banking revenue, but markets see a better outlook. Goldman took $1.4 billion in writedowns in the second quarter tied to its consumer businesses and real estate investments. In discussing their earnings, Wall Street executives cited a flurry of initial public offerings as an encouraging sign that activity in capital markets will pick up after months in the doldrums. The lender was buoyed by a slight pickup in equity capital markets and a focus on its middle-market business. At Citigroup (C.N), CEO Jane Fraser warned on Friday that "the long-awaited rebound in investment banking has yet to materialize."
Persons: Morgan Stanley, Brendan McDermid, dealmaking, Goldman Sachs, Morgan, , Rick Meckler, Goldman, Meckler, Mike Loewengart, David Solomon, Sharon Yeshaya, Alastair Borthwick, Jane Fraser, Mark Mason, Jeremy Barnum, Tatiana Bautzer, Sinead Carew, Saeed Azhar, Noor Zainab Hussain, Lananh Nguyen, Nick Zieminski Organizations: New York Stock Exchange, REUTERS, Cherry Lane Investments, Wall Street, Morgan, Reuters, Bank of America's, Citigroup, JPMorgan, Thomson Locations: New York City, U.S, New Vernon , New Jersey, writedowns, New York, Bengaluru
watch nowInflation rose more than expected in August as rising shelter and food costs offset a drop in gas prices, the Bureau of Labor Statistics reported Tuesday. Excluding volatile food and energy costs, CPI rose 0.6% from July and 6.3% from the same month in 2021. Economists had been expecting headline inflation to fall 0.1% and core to increase 0.3%, according to Dow Jones estimates. Treasury yields leaped higher, as the 2-year note, which is most closely tied to Federal Reserve interest rate moves, surged 0.13 percentage point to 3.704%. Markets had been widely expecting the Fed to enact a 0.75 percentage point rate increase at its meeting next week.
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