Market News

[weatherweenie]

The consumer price index, which measures a broad basket of common goods and services, rose 0.5% for the month, which translated to an annual gain of 6.4%. Economists surveyed by Dow Jones had been looking for respective increases of 0.4% and 6.2%.


Excluding volatile food and energy, core CPI increased 0.4% monthly and 5.6% from a year ago, against respective estimates of 0.3% and 5.5%.

 

[weatherweenie]

Nonfarm payrolls were expected to increase by 225,000 in February, while the unemployment rate was projected to hold at 3.4%

 

[weatherweenie]

Greedy bastards. [h=1]Oil prices surge 5% after OPEC’s surprise output cut; analysts warn of $100 per barrel[/h]

 

[weatherweenie]

• Private sector hiring rose by just 145,000 in March, down from 261,000 in February and below the estimate for 210,000.
• Financial activities lost 51,000 jobs and professional and business services fell by 46,000.
• Leisure and hospitality added another 98,000 workers, trade transportation and utilities grew by 56,000 and construction rose by 53,000.

https://www.cnbc.com/2023/04/05/adp-march-2023.html

 

[weatherweenie]

[h=1]Inflation rises 0.1% in March, less than expected[/h]The consumer price index was expected to rise 0.2% in March, according to Dow Jones.

 

[weatherweenie]

It is good to see both sides working together, vs the hostage comments made by extremists.
[h=1]Key Takeaways From Deal Biden, GOP Sealed to Avert US Default[/h]https://www.yahoo.com/finance/news/key-takeaways-deal-biden-gop-021811169.html

 

[weatherweenie]

Payrolls in the public and private sector increased by 339,000 for the month, better than the 190,000 Dow Jones estimate and marking the 29th straight month of positive job growth.

 

[weatherweenie]

• Federal Reserve Chairman Jerome Powell on Wednesday affirmed that more interest rate increases are likely ahead as inflation is “well above” where it should be.
• “Inflation pressures continue to run high, and the process of getting inflation back down to 2% has a long way to go,” he said.

 

[weatherweenie]

CENTRAL BANKS[FONT=&quot][h=1]Bank of England surprises with 50-basis-point rate hike to tackle persistent inflation[/h][/FONT]

 

[weatherweenie]

Dow Jones Industrial Average futures dropped 216 points, or 0.7%. S&P 500 futures and Nasdaq 100 futures slid 1% and 1.2%, respectively.
The U.S. economy added 336,000 jobs in September, the Labor Department said. Economists polled by Dow Jones expected 170,000 jobs. To be sure, wages rose less than expected last month.

 

[weatherweenie]

December’s jobs report showed employers added 216,000 jobs for the month while the unemployment rate held at 3.7%. Payroll growth showed a sizeable gain from November’s downwardly revised 173,000.

 

[James48843]

December’s jobs report showed employers added 216,000 jobs for the month while the unemployment rate held at 3.7%. Payroll growth showed a sizeable gain from November’s downwardly revised 173,000.

That is some pretty solid good news. I'm happy.

[h=1]U.S. payrolls increased by 216,000 in December, much better than expected[/h]Source: CNBC

Published Fri, Jan 5 2024 8:31 AM EST Updated 6 Min Ago


The U.S. labor market closed out 2023 in strong shape as the pace of hiring was even more powerful than expected, the Labor Department reported Friday.

December’s jobs report showed employers added 216,000 jobs for the month while the unemployment rate held at 3.7%. Payroll growth showed a sizeable gain from November’s downwardly revised 173,000.

Economists surveyed by Dow Jones had been looking for payrolls to increase 170,000 and the unemployment rate to nudge higher to 3.8%.

The report, along with revisions to previous months’ counts, brought 2023 job gains to 2.7 million, or a monthly average of 225,000, down from 4.8 million, or 399,000 a month, in 2022.

Read more: Jobs report December 2023: Payrolls increased by 216,000 in December

 

[James48843]

Interesting.

I just got a note from Charles Schwab saying that the Trade Settlement process is changing. Used to be 3 days to settle. Now will become “next day “ soon.

Here is what they wrote:

“The trade settlement period will be shortened to one day beginning May 28, 2024.
Trades executed on or after May 28, 2024 will settle on the next business day (T+1) for most U.S. and Canadian securities traded on U.S. exchanges. Currently, the settlement period is two business days after the trade date (T+2).

New shortened settlement period reduces risk.


This is an industry-wide change for most security transactions, which includes stocks, bonds, municipal securities, exchange-traded products, unit investment trusts, certain mutual funds and limited partnerships that trade on an exchange. The T+1 settlement period may benefit investors like you by reducing credit and liquidity risks present between the trade date and the settlement date.
Your next steps.


There are no actions for you to take. The new T+1 settlement period will automatically be applied for any new trades executed on or after May 28, 2024. There will also be no change to the settlement period for options or futures as they already use the T+1 settlement period.
“


Sent from my iPhone using TSP Talk Forums

 

[tsptalk]

Nice! I thought it was currently 2 days though, not 3?

 

[weatherweenie]

[h=1]Consumer prices rose 0.3% in April, less than expectations[/h]

 

[James48843]

[FONT=var(--wpds-fonts-body)]Inflation showed some signs of improvement in April, as policymakers grapple with whether their fight against abnormally high price growth is losing ground.

[/FONT][FONT=var(--wpds-fonts-body)]Data released Wednesday from the Bureau of Labor Statistics showed prices rose 3.4 percent in April, compared with the year before. That’s down a bit from the 3.5 percent notched in March, and follows months of hotter-than-expected reports.

Prices rose 0.3 percent compared with the month before.


MORE, and comments by the FED :

[/FONT]https://wapo.st/3WIW3no[FONT=var(--wpds-fonts-body)]

: https://www.washingtonpost.com/business/2024/05/15/cpi-inflation-fed/[/FONT]

 

[weatherweenie]

Thanks Joe!

[FONT=var(--wpds-fonts-body)]Inflation showed some signs of improvement in April, as policymakers grapple with whether their fight against abnormally high price growth is losing ground.

[/FONT][FONT=var(--wpds-fonts-body)]Data released Wednesday from the Bureau of Labor Statistics showed prices rose 3.4 percent in April, compared with the year before. That’s down a bit from the 3.5 percent notched in March, and follows months of hotter-than-expected reports.

Prices rose 0.3 percent compared with the month before.


MORE, and comments by the FED :

[/FONT]https://wapo.st/3WIW3no[FONT=var(--wpds-fonts-body)]

: https://www.washingtonpost.com/business/2024/05/15/cpi-inflation-fed/[/FONT]

 

[weatherweenie]

[h=1]U.S. job gains totaled 272,000 in May, more than expected[/h]

 

[James48843]

U.S. adds a much-better-than-expected 272,000 jobs in May, but unemployment rate edges up to 4%

Source: CNBC

Published Fri, Jun 7 2024 8:31 AM EDT Updated 2 Min Ago


The U.S. economy added far more jobs than expected in May, countering fears of a slowdown in the labor market and likely reducing the Federal Reserve’s impetus to lower interest rates.

Nonfarm payrolls expanded by 272,000 for the month, up from 165,000 in April and well ahead of the Dow Jones consensus estimate for 190,000.

At the same time, the unemployment rate rose to 4%, the first time it has breached that level since January 2022. The increase came even though the labor force participation rate decreased to 62.5%, down 0.2 percentage point. However, the survey of households used to compute the unemployment rate showed that the level of people who reported holding jobs fell by 408,000.

Job gains were concentrated in health care, government and leisure and hospitality, consistent with recent trends. The three sectors respectively added 68,000, 43,000 and 42,000 positions. The three sectors accounted for more than half the gains.

Read more: Jobs report May 2024: U.S. job gains totaled 272,000 in May

 

[weatherweenie]

The consumer price index showed no increase in May as inflation slightly loosened its stubborn grip on the U.S. economy, the Labor Department reported Wednesday.
CPI, a broad inflation gauge that measures a basket of goods and services costs across the U.S. economy, held flat on the month though it increased 3.3% from a year ago, according to the department’s Bureau of Labor Statistics.