In-the-moment coverage of Federal Reserve Gov. Adriana Kugler’s resignation Friday might have overplayed the “surprise” element of it.
The first clue that something was amiss came in the last line of the central bank’s release Wednesday regarding the Federal Open Market Committee’s decision to keep interest rates steady.
» Read more about: Dive Deposits: The Fed may have out-Fridayed itself »
» Read more about: POPCAT Charts a $4 Target as Bullish Megaphone Pattern Widens »
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Victor Jones critiques the MSOS price extreme and political catalysts, hints potential gains in the marijuana sector, expresses concerns about Intel’s government dependency, and highlights JP Morgan’s …
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For some Social Security recipients, upcoming benefit checks might arrive in a lesser amount as the SSA is expected to begin withholding 50% of benefits for those who have been overpaid but have yet to begin repayments. Meanwhile, some others may have recently gotten a bump in their benefits.
The Social Security Administration said in April it would begin sending notices to recipients who got overpayments in the past.
The main U.S. equity indexes gapped up with authority at Monday’s opening bell and sustained 1%-plus gains through the close. This marked a reversal from recent weakness as renewed hope for a rate cut sooner rather than later offset fear of what a softening labor market means for the broader economy.
The question for the September 16-17 Federal Open Market Committee meeting is now not so much if the central bank will make a move but how big the next Fed rate cut will be.
» Read more about: Dow Rises 585 Points on Rate Cut Hope: Stock Market Today »
Benchmark indices on Wall Street staged a rebound and a little more from Friday’s sell-off as dip buyers returned to the market and participants shifted focus to strong earnings reported so far.
The Dow Jones gained 585 points, recovering all of Friday’s losses, while the S&P 500 snapped a four-day losing streak and saw its biggest single-day gain since May.
President Donald Trump has fired the head of the US Bureau of Labor Statistics (BLS) after the department revised down recent job numbers by more than 250,000.
He says the figures were “rigged” to make his administration “look bad”.
Although the latest revisions were bigger than usual, it is normal for the initial monthly number to be changed and it has happened routinely under both Democratic and Republican presidents.
» Read more about: Why were US job numbers which riled Trump revised down by so much? »
NEW YORK — U.S. stocks rallied on Monday and won back most of their sharp loss from last week, when worries about how President Trump’s tariffs may be punishing the economy sent a shudder through Wall Street.
The Standard & Poor’s 500 jumped 1.5% to follow up its worst day since May with its best since May.
» Read more about: Dow leaps 585 points as US stocks win back most of Friday’s wipeout »
