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SummaryCompanies Gold gains 5.2% so far this weekIsraeli military says troops make first ground raids into GazaPalladium set for weekly lossOct 13 (Reuters) - Gold prices jumped more than 3% on Friday and were poised for their best week in seven months as the intensifying conflict in the Middle East sent investors scurrying for safe-haven assets. Reuters GraphicsInvestors kept a tab on developments in the Middle East conflict, which has unnerved markets since the start of the week. "Investors are fleeing to safe havens as the risks of Middle East tensions grow," said Edward Moya, senior market analyst at OANDA. "If the geopolitical situation gets gloomier, there is a good chance that gold prices could go to the $2,000 levels this year. Platinum rose 1.4% to $880.42, while palladium dropped 0.3% to $1,141.24 and was set for a weekly decline.

Persons: Israel, Edward Moya, David Meger, Ashitha, Alexander Smith, Sherry Jacob, Phillips Organizations: Gaza, East, Reuters Graphics, High, Futures, Traders, Thomson Locations: Gaza, Israel, Bengaluru

☆ The US needs to hike taxes or slash social programs to rein in the soaring deficit, but probably won't do either, Paul Krugman says
▼ + stars: | 2023-10-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The US needs to rein in its $1.5 trillion budget deficit, Nobel economist Paul Krugman said. Policymakers can do that either by hiking taxes or slashing spending on social programs. AdvertisementAdvertisementThe US needs to deal with its soaring budget deficit, but the only options available for it to do so mean that it probably won't, according to Nobel laureate Paul Krugman. That's because the two paths to getting the deficit under control are: slash spending on social programs, or raise taxes. Meanwhile, the government can narrow the deficit by dialing back some of its welfare programs, like Social Security, or by raising taxes.

Persons: Paul Krugman, —, That's, Krugman, Krugman doesn't, Goldman Sachs Organizations: Service, New York Times, Social Security, Organization for Economic Co

☆ Dollar hovers near two-week lows ahead of inflation data
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +3 min

The employee of a currency exchange shop counts U.S. dollar banknotes in Ciudad Juarez, Mexico July 27, 2023. The report comes ahead of the release on Thursday of September's consumer price index data, which is expected to show inflation moderated last month. "On the flip side, an upside surprise will likely encourage markets to reprice higher the chance the Federal Open Market Committee will follow through on its projected 25 basis point hike." Futures markets are pricing in a 26% chance of a 25 basis point hike in the December meeting and a 9% chance of a 25 basis point hike in November meeting, according to the CME FedWatch tool. The Japanese yen strengthened 0.03% to 149.11 per dollar, while sterling was last trading at $1.2311, flat on the day.

Persons: Jose Luis Gonzalez, Ryan Brandham, Carol Kong, Ankur Banerjee, Sam Holmes Organizations: REUTERS, Rights, Federal Reserve, Validus Risk Management, Fed, Commonwealth Bank of Australia, European Central Bank, Thomson Locations: Ciudad Juarez, Mexico, Rights SINGAPORE, U.S, North America, Tokyo, Singapore

☆ US stocks rise as investors parse Fed minutes and await September inflation report
▼ + stars: | 2023-10-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Stocks inched higher Wednesday as investors read through the latest Fed minutes. Central bankers remained mostly hawkish on their approach to inflation at the last policy meeting. Central bankers signaled that they would continue to remain cautious on inflation at their last policy meeting, per the latest minutes. Around two-thirds of Fed members predicted one more rate hike before the end of 2023, according to the Fed's dot plot of interest rate expectations. Investors are now looking ahead to the September inflation report, due at 8:30 a.m. on Thursday.

Persons: —, Bill Adams, Adams Organizations: Service, Reserve, Nasdaq, UAW, Comerica Bank, Investors, Dow Jones Locations: Russia, Ukraine, Israel

☆ US wholesale inflation heated up last month amid higher gas prices
▼ + stars: | 2023-10-11 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

Minneapolis CNN —Wholesale price increases of US goods and services jumped higher for a third consecutive month, influenced by still-high energy prices, according to data released Wednesday by the Bureau of Labor Statistics. September’s overall increase was driven by a 0.9% gain in goods prices due to higher energy prices and food prices, BLS data shows. Gas prices hit new yearly highs in September, as oil prices pushed past $92 a barrel amid supply cuts and catastrophic flooding in Libya. The higher gas prices seen in August and September may filter through to some products and services but shouldn’t ultimately keep inflation higher in the months to come, said Stuart Hoffman, PNC Financial Services’ senior economic adviser. However, the Israel and Hamas war in the Middle East does add volatility to energy prices, he said.

Persons: Price, ”, Gregory Daco, Jerome Powell, Chris Rupkey, FwdBonds, shouldn’t, Stuart Hoffman, ” Hoffman Organizations: Minneapolis CNN —, Bureau of Labor Statistics, Federal Reserve, PPI, PNC Financial Services Locations: Minneapolis, August’s, Libya, Israel

☆ The days of rising interest rates could soon be over
▼ + stars: | 2023-10-11 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

What’s happening: US Treasury rates are white hot — 10-year Treasury yields are near their highest levels since 2007. It also means more expensive mortgage rates. Mortgage rates tend to track the yield on 10-year US Treasuries. When Treasury yields go up, so do mortgage rates; when they go down, mortgage rates tend to follow. US mortgage rates are at 23 year-highs, and home affordability is at its lowest level since 1984.

Persons: haven’t, Philip Jefferson, ” That’s, Lorie Logan, Raphael Bostic, ”, “, ” Bostic, Mary Daly, Bonds, What’s, Birkenstock, Elisabeth Buchwald, Megan Penick, Robinson, Rachel Ramirez, It’s, they’re Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Fed, Financial, CME, Treasury, New York Federal Reserve, Federal Reserve Bank of New, Consumer, Dallas, Federal Reserve Bank of Atlanta, American Bankers Association, San Francisco Fed, Index, PPI, CPI, New York Stock Exchange, Renaissance, Nature Communications Locations: New York, Germany, Czech Republic, Slovenia

☆ The CPI trade: Here's where JPMorgan sees the market going, based on these scenarios
▼ + stars: | 2023-10-11 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

"This would be the Goldilocks Scenario," JPMorgan wrote. This could lead to the S & P 500 rallying between 1% and 1.5%. This outcome could pull the S & P 500 down in a range of 1.5% to 2%. "Another tail-risk outcome where some of the most interesting moves could come from the bond market," JPMorgan wrote. JPMorgan expects the S & P 500 to jump 1.5% to 2%.

Persons: Dow Jones, — CNBC's Michael Bloom Organizations: Federal Reserve, JPMorgan, Fed, CPI Locations: U.S

☆ CNBC Daily Open: Look beyond the headline jobs number
▼ + stars: | 2023-10-09 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Joe Raedle | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineThe number of jobs the U.S. economy added in September was so unexpectedly high that markets fell right on cue. Instead, the shocker of a jobs report said nonfarm payrolls increased by 336,000 last month, the most since January. After reeling from the shocking headline number, investors had time to digest the details in the report.

Persons: Joe Raedle, nonfarm, Stocks, Dante DeAntonio, Dow, It's Organizations: Tire, CNBC, shocker, Federal Reserve, Nasdaq, Treasury, Dow Jones Industrial, Moody's Locations: Miami , Florida, U.S, Israel

☆ The Fed is at odds with itself. That’s a feature, not a bug
▼ + stars: | 2023-10-08 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

So, Fed officials are divided, but it doesn’t really matter. Fed officials are still people, and as the saying goes, opinions are like bellybuttons in that everyone’s got one. Fed officials in that committee with voting power have the option to dissent, but it’s only happened twice this cycle. This year’s voters, which are Dallas Fed President Lorie Logan, Chicago Fed President Austan Goolsbee, Philadelphia Fed President Patrick Harker, and Minneapolis Fed President Neel Kashkari, will be rotated out next year. Up NextMonday: Fed officials Lorie Logan, Michael Barr and Phillip Jefferson deliver remarks.

Persons: Mary Daly, Michelle Bowman, ”, Biden, That’s, Michael Feroli, everyone’s, “ It’s, ” Feroli, Esther George, Ed Al, Hussainy, JPMorgan’s Feroli, It’s, Jerome Powell, John Williams, Lorie Logan, Austan Goolsbee, Patrick Harker, Neel Kashkari, Logan, Kashkari, Raphael Bostic, San Francisco Fed’s Daly, – CNN’s Elisabeth Buchwald, Michael Barr, Phillip Jefferson, Christopher Waller Organizations: CNN Business, Bell, CNN, Federal, San Francisco Fed, JPMorgan, Fed, Market Committee, Kansas City, Columbia Threadneedle Investments, Governors, New York Fed, Dallas Fed, Chicago Fed, Philadelphia Fed, Minneapolis Fed, San Francisco, Treasury, PepsiCo, The National Federation of Independent Business, US Labor Department, Federal Reserve, Delta, China’s National Bureau of Statistics, The University of Michigan Locations: San, Kansas, Columbia, Cleveland, Richmond, Atlanta, San Francisco, Walgreens

☆ From Tuesday's Dow drop to Friday's rally, here's why it was a whipsaw week for the market
▼ + stars: | 2023-10-08 | by ( Tim Mullaney | ) www.cnbc.com time to read: +5 min

When the government released September's job report Friday morning, the market's first take was that it was too good to be … good. And odds of another rate hike, which had edged up early in the day, had retreated again. "I don't think the week's data indicates the labor market needs higher interest rates," said Daniel Zhao, lead economist at career platform Glassdoor.com. But average hourly income rose just 0.2%, doing a lot to mute fears that a tight labor market would keep propelling inflation. The gap between economists and bond investorsEconomists and bond investors have been seeing two different pictures in the labor data all week, Crofoot said.

Persons: Daniel Zhao, Elizabeth Crofoot, Zhao, Crofoot, Goldman Sachs, Jan Hatzius, Hatzius Organizations: New York Stock Exchange, Treasury, Dow, Federal Reserve, Labor Department, CNBC Locations: New York City, Washington

☆ The economy just won't slow down, and it's the worst possible outcome for markets right now
▼ + stars: | 2023-10-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Stocks slumped and bond yields surged as investors brace for higher for longer interest rates. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementThe US economy is still burning hot – and it's the worst possible thing for markets to take in right now. AdvertisementAdvertisementInvestors are repricing their interest rate expectations through the rest of the year. Higher rates, and in turn higher bond yields, present a triple whammy, hitting stocks, bonds, and the wider economy.

Persons: Stocks, —, That's, Blanke, Robert Schein, Michelle Cluver Organizations: Service, of Labor Statistics, Dow Jones, Treasury, Wealth, New, Fed

☆ Bond yields could hit 6% as the Fed is going to keep hiking rates until something breaks, research firm says
▼ + stars: | 2023-10-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Key bond yields are likely headed to 6% as the Fed will keep hiking interest rates, TS Lombard said. That's due to recent robust economic data, which could influence the Fed to take interest rates higher. Higher rates risk sparking a recession, especially considering interest rates are already higher than Fed officials think, Blitz said. Markets have panicked in recent weeks as investors try to adjust to a higher-for-longer interest rate environment. Yields on the 10-year US Treasury just rose to their highest level since 2007, briefly touching 4.8% on Friday.

Persons: Lombard, —, Steven Blitz Organizations: stoke, Treasury, Service, Federal Reserve, Lombard, Investors, —

Spot gold was up 0.6% at $1,831.09 per ounce by 1:41 p.m. EDT (1741 GMT) but on track for its second straight weekly loss, down 0.9% so far. Reuters GraphicsBenchmark Treasury yields headed for a weekly increase, denting the appeal of gold. The bounce in gold prices despite the strong jobs data indicates that selling pressure has been exhausted and there is covering of short positions, said Tai Wong, a New York-based independent metals trader. Spot silver gained 3.1% to $21.54 an ounce, platinum rose 2.6% to $876.73 and palladium firmed 1.8% to $1,161.72. All were on track for weekly losses.

Persons: サマリー, Tai Wong, Ole Hansen, Hansen, Ashitha Shivaprasad, Brijesh Patel, Rod Nickel, Kirsten Donovan 私たち Organizations: Graphics, U.S . Labor, Traders, Saxo Bank Locations: U.S, New York, Bengaluru

☆ Investors are having a 'panic attack' about the bond market
▼ + stars: | 2023-10-05 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

But interest rates are unlikely to stay this high for long, according to Fundstrat's Tom Lee. AdvertisementAdvertisementThe Federal Reserve has sowed panic among investors and that's led to the latest bout of dysfunction in the bond market, Wall Street experts say. But according to some market experts, the selloff is largely fueled by feelings of panic in the market rather than fundamentals. "Coming out of the last FOMC meeting two weeks ago, I think that's really when the bond market broke down," Michele added. AdvertisementAdvertisement"This is clearly a panic attack," market veteran Komal Sri-Kumar said to CNBC on the selloff in bonds.

Persons: Treasurys, Tom Lee, —, that's, Jerome Powell, It's, Powell, Bob Michele, Michele, Komal, Kumar, it's, there's, Lee Organizations: Service, Wall, Treasury, Asset, CNBC Locations: Silicon, Spain, Germany

After spiking last week, mortgage rates initially inched down this week but have since trended back up. Average 30-year mortgage rates are currently around 30 basis points above their September average. Whether mortgage rates will fall sooner rather than later depends on the path of inflation and the Federal Reserve's response. But whether mortgage rates will drop in 2023 hinges on if the Federal Reserve can get inflation under control. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, Fannie Mae Organizations: Zillow, Federal Reserve, Fed, Mortgage, Association, Sky Locations: Chevron

☆ Gold defies strength in dollar, yields as global rates peak
▼ + stars: | 2023-09-22 | by ( ) www.cnbc.com time to read: +1 min

Gold firmed on Friday despite pressure from a stronger U.S. dollar and bond yields, as investors assessed major central banks' decisions to stand pat on interest rates as a signal of imminent global economic pain. Spot gold was up 0.3% to $1,924.45 per ounce by 0551 GMT, having logged its biggest daily drop since Sept. 5 on Thursday. "The markets looked at central banks and said you're not stopping hikes because inflation is beaten, you're stopping because you're worried that global growth is about to stop," said Ilya Spivak, head of global macro at Tastylive. The dollar stood near a six-month peak on the prospects of higher-for-longer U.S. rates, while benchmark 10-year Treasury yields climbed a 16-year high and global equities eyed their worst week in a month. Investors traditionally buy gold as a hedge against economic uncertainty, but higher rates tend to weigh on non-interest-paying bullion.

Persons: Ilya Spivak, Silver Organizations: Investors, U.S . Federal Reserve, of Locations: U.S

☆ Investors riddled with FOMO might be re-entering the US stock market
▼ + stars: | 2023-09-21 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —Investors who missed out on this year’s unexpected rally seem to be dipping their toes back into the US stock market. That suggests that investors who watched equities steadily climb higher this year are starting to take their cash off the sidelines and put it into the stock market, some investors say. That’s caused some investors to come down with a classic case of fear-of-missing-out, says Saira Malik, chief investment officer at Nuveen. The data-dependent central bank held rates steady on Wednesday and signaled that it could hike rates once more this year. Still, bond yields rose to their highest level since 2007 this week, as investors bet that the central bank will keep rates higher for longer.

Persons: Saira Malik, Malik, I’ll, ”, Alex McGrath, Samantha Kelly, she’s, Sam, Read, Elon, Jennifer Korn Organizations: CNN Business, Bell, CNN — Investors, Global, Bank of America, Federal Reserve, Tech, Nvidia, Apple, Microsoft, Traders, Apple Watch, smartwatches

☆ Dollar edges down before Fed decision, sterling falls on cooling UK inflation
▼ + stars: | 2023-09-20 | by ( Joice Alves | ) www.reuters.com time to read: +4 min

The U.S. dollar index , which measures the currency against a basket of rivals, was 0.1% lower at 105.00. The pound was volatile, last down 0.23% to $1.2364 after touching its lowest in almost four months following data showing UK inflation slowed more than expected in August. "This can drag GBP down, especially against the USD where pricing for rate cuts may already be overstretched". The yen flattened at 147.87 after touching a fresh 10-month weak-point against the dollar of 148.17 ahead of the Fed decision. The offshore yuan was unchanged at 7.3055 after China met market expectations by keeping its benchmark lending rates unchanged on Wednesday.

Persons: Dado Ruvic, BoE, Dominic Bunning, Bunning, Goldman Sachs, Powell, Elsa Lignos, Masato Kanda, Janet Yellen, Joice Alves, Brigid Riley, Gerry Doyle, Emelia Organizations: REUTERS, Federal Reserve, Bank of England, U.S, Reuters, FX Research, HSBC, FX, RBC Europe, Washington, Treasury, Bank of Japan's, Thomson Locations: Japan, U.S, China, London, Tokyo

☆ Dollar holds fast, yen in shaky territory ahead of FOMC
▼ + stars: | 2023-09-20 | by ( Brigid Riley | ) www.reuters.com time to read: +3 min

The U.S. dollar index , which measures the greenback against a basket of rivals, stayed mostly flat at 105.17 as traders awaited the Fed's rate decision. Attention stayed fixed on the yen as U.S. and Japanese authorities heaped on fresh comments about the possibility of intervention. The yen last sat around 147.83 versus the greenback, off Tuesday's low of 147.92 though hovering near the 10-month trough against the dollar ahead of the FOMC announcement. Elsewhere in Asia, the offshore yuan was largely unchanged after China met market expectations by keeping its benchmark lending rates unchanged on Wednesday, but later ticked down 0.1% to 7.3103 per dollar. The Australian dollar , a proxy for China growth, fell nearly 0.1% in the Asian afternoon, while the New Zealand dollar was flat, down from Tuesday's two-week high against the dollar.

Persons: Dado Ruvic, Carol Kong, Masato Kanda, Janet Yellen, Brigid Riley, Gerry Doyle Organizations: REUTERS, Rights, Federal Reserve, U.S, Commonwealth Bank of Australia, Washington, Treasury, Bank of Japan's, New Zealand, Bank of England, bitcoin BTC, Thomson Locations: Japan, U.S, Asia, China, bitcoin

☆ Dollar firm but softens against yen ahead of FOMC
▼ + stars: | 2023-09-20 | by ( Brigid Riley | ) www.reuters.com time to read: +2 min

TOKYO, Sept 20 (Reuters) - The dollar remained firm on Wednesday but softened slightly against the yen ahead of a much-anticipated rate decision by the Federal Reserve later in the day. The U.S. dollar index , which measures the greenback against a basket of rivals, stayed mostly flat at 105.13 as traders awaited the Fed's rate decision. Dollar/yen could see some upside pressure after a hawkish FOMC meeting, she added. The yen last sat nearly 0.1% higher at 147.77 versus the greenback, off Tuesday's low of 147.92 though hovering near the 10-month trough against the dollar ahead of the FOMC announcement. The New Zealand dollar ticked up over 0.2% against the dollar near $0.5950.

Persons: Carol Kong, Masato Kanda, Brigid Riley, Gerry Doyle Organizations: Federal Reserve, U.S, Commonwealth Bank of Australia, Bank of Japan's, Reserve Bank, Australia's, New Zealand, Bank of England, bitcoin BTC, Thomson Locations: TOKYO, China, bitcoin

☆ US debt rises to $33 trillion as government shutdown looms
▼ + stars: | 2023-09-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —As the US national debt passes $33 trillion and a government shutdown looms, Wall Street feels defensive. What’s happening: The gross national debt has grown at an alarming pace since then — by $1 trillion in the last three months alone. Political finger pointing around what caused the accelerated debt accrual, meanwhile, has left the government at an impasse around the budget. The recent increase in interest rates has already made it much more expensive for the government to pay back what it owes. That would leave the door open for another rate increase, which could come when the following meeting concludes, on November 1.

Persons: Fitch, ”, Michael Peterson, Peter G, Peterson, Biden, Gary Schlossberg, Jennifer Timmerman, Gregory Daco, Bryan Mena, Jerome Powell, Instacart, Jordan Valinsky Organizations: CNN Business, Bell, New York CNN, AAA, AA, GOP, UAW, Wells, Investment Institute, Fed, Federal, Financial, Walmart Locations: New York, —, Amazon

☆ Euro gains, yen struggles in central bank-packed week
▼ + stars: | 2023-09-19 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

A Reuters report on Monday citing six sources said the debate over the multi-trillion-euro pool of excess liquidity sloshing around banks was likely to start next month. However, this might not be enough to give the euro a more sustained boost, according to Lee Hardman, a strategist at MUFG. "While the ECB’s reported plans to tighten excess liquidity in the euro area have helped to support the euro, they are unlikely to be sufficient on their own to turn the current weakening trend," he said. This week brings a raft of central bank meetings, including those of the Federal Reserve, the Bank of Japan, the Bank of England and the Swiss National Bank, among others, which kept currency volatility on the subdued side. In other currencies, sterling edged up 0.1% at $1.2398, ahead of an interest rate decision from the BoE on Thursday.

Persons: Dado Ruvic, Lee Hardman, Kazuo Ueda, Rodrigo Catril, Erik Weisman, BoE, Rae Wee, Lincoln, Peter Graff, Hugh Lawson Organizations: REUTERS, European Central Bank, Reuters, ECB, Federal Reserve, Bank of Japan, Bank of England, Swiss National Bank, National Australia Bank, NAB, U.S, Fed, MFS Investment Management, Thomson Locations: U.S

☆ Yen flounders, dollar drifts ahead of c.bank bonanza
▼ + stars: | 2023-09-19 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. The yen fell 0.1% to 147.76 per dollar and was kept pinned near last week's 10-month low of 147.95 per dollar. The euro meanwhile gave up some of its gains from the previous session and was last 0.12% lower at $1.0678. It had risen alongside euro zone government bond yields on Monday, following hawkish comments from European Central Bank (ECB) policymakers that further rate increases were on the cards. In other currencies, sterling edged 0.04% higher to $1.2390, ahead of an interest rate decision from the Bank of England (BoE) also due this week.

Persons: Dado Ruvic, Kazuo Ueda, Rodrigo Catril, Erik Weisman, NAB's Catril, BoE, Rae Wee, Lincoln Organizations: REUTERS, Rights, Federal, Wednesday, Bank of Japan's, National Australia Bank, NAB, Reserve Bank of Australia's, U.S, New Zealand, Fed, MFS Investment Management, European Central Bank, ECB, Reuters, Bank of England, Thomson Locations: Rights SINGAPORE, Asia

The financial services trade group said in a report that global debt in dollar terms had risen by $10 trillion in the first half of 2023 and by $100 trillion over the past decade. It said the latest increase has lifted the global debt-to-GDP ratio for a second straight quarter to 336%. Prior to 2023, the debt ratio had been declining for seven quarters. Slower growth, alongside a deceleration in price increases, were behind the debt ratio rise, the report said. "As higher rates and higher debt levels push government interest expenses higher, domestic debt strains are set to increase," the IIF said.

Persons: Florence Lo, Rodrigo Campos, Karin Strohecker, Alexander Smith Organizations: U.S, REUTERS, Institute of International Finance, Reuters, Federal, Thomson Locations: United States, Japan, Britain, France, China, India, Brazil, Korea, Thailand, U.S

☆ Here are 6 key economic signals for markets to follow as the Fed gets ready to make its next policy move
▼ + stars: | 2023-09-19 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

There are six key economic indicators for markets to gauge the health of the US economy. The US is likely headed for a mild recession, according to one chief investment officer. Markets are currently pricing in a 99% chance the Fed will choose to keep interest rates unchanged, according to the CME FedWatch tool. Small business optimism is waningSmall business optimism slumped over the past month to 91.3, down 0.6 points from July's reading. But real wages of Americans have actually fallen 0.5% over the past month, according to the Bureau of Labor Statistics, which could spell trouble for the US consumer.

Persons: Brent Schutte, Schutte Organizations: Service, Federal Reserve, Fed, Northwestern Mutual Wealth Management, Cleveland Fed, Bureau of Labor Statistics, San Francisco Fed, University of Michigan's Locations: Wall, Silicon

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