Now that markets have priced in a 100-percent certainty that the U.S. Federal Reserve will cut its policy interest rates next week, speculators are wondering how large the cut will be.
Tag: U.S. Economy
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U.S. MANUFACTURING CONTINUES TO CONTRACT
In August, the Institute for Supply Management’s purchasing managers index grew to 47.2 from its July reading of 46.8 but remained below 50, indicating the sector is still in contraction.
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NUMBER OF UNFILLED JOBS IS LOWEST SINCE 2021
In July, U.S. employers posted 7.7 million available jobs, down from 7.9 million in June to the lowest number since January 2021, the labor department reported.
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ECONOMY ADDS ONLY 142,000 JOBS IN AUGUST
The U.S. economy sprouted 142,000 new nonfarm jobs last month, missing economists’ consensus estimate of 161,000 in a Dow Jones poll but improving significantly on July’s 89,000.
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INTEREST ON U.S. DEBT IS NOW $3 BILLION A DAY
The U.S. government’s debt has reached $35.3 trillion, carrying an interest payment of $3 billion a day at current interest rates, according to Torsten Sløk, chief economist at private equity firm Apollo Global Management.
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ECONOMIC UPDATE—MARKET OVERVIEW
As we have long forecast, the facts and data on Main Street mean nothing to the equity market gamblers that the mainstream business media call “investors.”
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SPOTLIGHT: BIGS GETTING BIGGER
The U.S. justice department has announced it will not oppose Alaska Airlines’ $1.9-billion takeover of Hawaiian Airlines on antitrust grounds.
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ZUCKERBERG BOWED DOWN TO BIDEN GANG TO FIGHT COVID WAR, RUSSIA INTERFERENCE BULLSHIT
Mark Zuckerberg, the head of Meta, said the Biden administration “pressured” Facebook to “censor certain COVID-19 content” and the Hunter Biden scandal and admitted that he regretted decisions the company made to keep the White House happy.
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PG&E POWER LINES IGNITE 62 CALIFORNIA WILDFIRES
PG&E, California’s largest utility, has acknowledged 62 wildfires in high-threat areas have been ignited by its disrupted power lines so far this year, compared with 65 in all of 2023.