S&P 500, Dow end lower ahead of key jobs data, Nasdaq up
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September 6, 2024 11:47 AM EDT
Fed's Waller Says: In a Longer-run View, A 100,000 Monthly Job Gain is Normal
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September 6, 2024 11:00 AM EDT
Evercore Comments on Fed Williams Statements as S&P 500 bounces of LOD, 'we do not see this as a definitive no for a 50'
The analyst comments "NY Fed president Williams remarks just concluded conveyed no sense of urgency to bring rates rapidly back to a more neutral setting and did not otherwise take any obvious steps to prepare for a 50bp rate cut in September. Williams emphasized he had not had time to review the August employment report in detail. But he said his initial read is that it is consistent with what we have been seeing with an economy... More
September 6, 2024 10:03 AM EDT
Barclays Comments on it's Labor Market Tracker
The analyst comments "Our September '24 Barclays Labor Cost Tracker* rolling three-month average hourly wage is $20.82, up 5.1% y-y, relative to August '24 at $20.60, up 3.5% y-y. This was the first reversion back to a mid-single-digit y-y increase since March '24, albeit still far... More
