US private payrolls post smallest increase in 3-1/2 years in August
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- Wall St starts the month strong as Mideast deal hopes rise
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- Citi says buy these 3 chip stocks on pullback
- Microsoft joins, Broadcom exits Goldman's top-stocks list
- Deutsche Bank raises S&P 500 earnings estimates on the back of the solid Q2 beats
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Fed's Waller Says: In a Longer-run View, a 100,000 Monthly Job Gain is Normal
September 6, 2024 11:47 AM EDTFed's Waller Says: In a Longer-run View, A 100,000 Monthly Job Gain is Normal
... MoreEvercore Comments on Fed Williams Statements as S&P 500 bounces of LOD, 'we do not see this as a definitive “no” for a 50'
September 6, 2024 11:00 AM EDTEvercore 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
Barclays Comments on it's Labor Market Tracker
September 6, 2024 10:03 AM EDTBarclays 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
