Job growth is slowing but remains stronger than comfortable for the Federal Reserve, which is trying to tame high inflation.
Category: Government Bonds
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U.S. Added 261,000 Jobs in Strong Showing
The New York Times – Business: -
Mortgage Rates Too High? (Blame the Fed, Wall Street and Your Neighbor.)
The New York Times – Business:Lenders use several bits of data to set mortgage rates, including trading moves by investors. Without market volatility, the rate could be under 7 percent.
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Stocks Drop As Fed Leaves Investors Uncertain About Rates
The New York Times – Business:The Fed chair said the central bank “still has a ways to go” before it will be finished raising interest rates, and that they may go higher than previously anticipated.
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How the Treasury Market Predicts and Influence Interest Rates
The New York Times – Business:The market for U.S. government bonds, called the Treasury market, offers predictions on the path for interest rates and the economy.
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A Rising Dollar Is Hurting Other Currencies. Central Banks are Stepping In.
The New York Times – Business:The Federal Reserve’s interest rate hikes are unsettling global markets and prompting other central banks to prop up their domestic currencies.
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Rishi Sunak, New UK Prime Minister, Delays Economic Plan
The New York Times – Business:Mr. Sunak’s government, seeking more time to make the “right decisions,” will deliver its first economic plan on Nov. 17 instead of Monday.
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Another Yield Curve Inversion Rings Recession Alarm Bells
The New York Times – Business:A so-called inverted yield curve between three-month and 10-year interest rates is considered by Wall Street as a reliable sign of an impending economic slump.
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Relentless Rise in Interest Rates Looms Over Another Volatile Week for Markets
The New York Times – Business:The 10-year U.S. Treasury yield, which underpins everything from mortgages to credit cards, was on course to rise for a twelfth consecutive week, matching the longest streak since 1984.
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After a Storm, Britain’s Economy Finds Itself Rudderless
The New York Times – Business:The departure of Prime Minister Liz Truss raises uncertainty in a country searching for answers to soaring inflation and stagnant growth.
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Truss Defied the Markets, and They Ruthlessly Sealed Her Fate
The New York Times – Business:World leaders buffeted by economic challenges are watching the turmoil in Britain with anything but relish, hoping that Liz Truss’s woes won’t be a harbinger for other countries.
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New U.K. Finance Minister Pulls Back Further on Fiscal Plan
The New York Times – Business:Jeremy Hunt, the new chancellor of the Exchequer, announced a sweeping reversal in an effort to steady the markets and reduce the pressure on Prime Minister Liz Truss.