The U.S. economy grew 254,000 additional nonfarm jobs last month, the largest monthly gain since March. The spurt startled economists, many of whom had expected to see 150,000 at most.
Tag: U.S. Economy
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ECONOMIC UPDATE – MARKET OVERVIEW
On the Nature side, floods, hurricanes, dried up rivers, lakes and streams, forest fires etc., are the way of much of the world, and they will affect everything from food prices to immigration, from civil wars to regional wars.
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SPOTLIGHT: BIGS GETTING BIGGER
This year through September, $2.3 trillion worth of mergers and acquisitions were announced, growing the value of this year’s deals 17 percent above that of the same period in 2023, data service LSEG reported.
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AUTO LOANS ARE TURNING SOUR, CARMAX WARNS
For June, July, and August, used-car retailer CarMax reported a 14.4-percent loss in auto loan revenue, year on year, after analysts had forecast 7.4 percent growth.
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U.S. ECONOMY REBOUNDED QUICKER THAN THOUGHT
The U.S. economy grew faster through 2021, 2022, and early 2023 than was previously estimated, according to revised quarterly data released by the U.S. Commerce Department last week.
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IS CONSUMERS OUTLOOK REALLY BRIGHT?
U.S. consumers’ view of the current and future economy continued to improve in the University of Michigan’s final September reading of its Consumer Sentiment Index.
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INFLATION FALLS FURTHER, FANNING RATE-CUT EXPECTATIONS
The Personal Consumption Expenditures Index, the U.S. Federal Reserve’s most closely-watched inflation gauge, fell to 2.2 percent in August, edging below economists’ consensus forecast of 2.3 percent and strengthening expectations that the central bank will cut rates at least once more this year.
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INFLATION, CONSUMER SPENDING BARELY BUDGE IN AUGUST
The Personal Consumption Expenditures Price Index, which is the U.S. Federal Reserve’s favorite inflation measure ticked up just 0.1 percent in August from July, its smallest rise in three months, the Bureau of Economic Analysis reported.
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ECONOMIC UPDATE – MARKET OVERVIEW
The economic data coming in across the globe is gloomy. The facts are in the numbers. Factory orders in Japan keep shrinking as its PMI slumped to 49.7 in September from 49.8—below the 50.0 mark for the third straight month... which signals negative growth.
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TOP TREND 2023, OFFICE BUILDING BUST: OFFICE TOWERS FALLING
American Equity Partners (AEP) bought 1 Tower Center, a 24-story office block, in 2019 for $38 million—a good deal at the time but a higher price than many similar buildings fetch now.