While a stop-gap funding deal is in place, the government still has some work to do to fill in its backlog of missing economic data.
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China stopped buying US soybeans altogether in May, two months after suspending the import licenses of US-based CHS Inc.
Overall employment was likely roughly flat in October due to layoffs in the federal government amid the longest shutdown in history.
When layoffs rise, people spend less, which leads to tighter bottom lines and more layoffs. Wash, rinse, and repeat.
In September, Fed Chair Jerome Powell said that nine of the Fed’s 19 policymakers favored no more than one additional rate cut this year.
That works out to an additional $56 per retirement payment, bringing the average monthly benefit to more than $2,000.
The S&P 500 has climbed 35% since its April low and roughly 90% since the beginning of its bull run in 2022.
Even with this week’s tumble, bullion investors can take gold comfort in knowing the noble metal is headed for its best year since 1979.
The gold standard hasn’t made a comeback, but the precious metal’s price is breaking records as confidence in the US dollar fades.
The report cautions tariffs are driving inflation higher and says companies are grappling with whether to pass the costs to consumers.
Whatever they say, consumers’ actual spending has remained rock solid, even if sentiment is yet to return to prepandemic levels.
Fitting for 2025, a government shutdown is all but guaranteed to deliver even more uncertainty into the macroeconomic mix.
In a speech in Rhode Island, Jerome Powell reminded Wall Street and the world that The Fed remains in a “challenging situation.”
The hope for the S&P 500’s small-cap cousin after the Fed’s rate cut tells an important story about the broader economy.
Many advisors say the move isn’t enough to significantly change strategies.
The return-to-office orders have taken on new weight amid a softening labor market and broader economic anxiety.