Cleveland Fed's Hammack supports keeping rates around current 'barely restrictive' level
Hammack on Thursday gave indications that she thinks the central bank could be nearing the end of what could be a brief rate-cutting cycle.
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Fed's Hammack: Sept. Jobs Data Is 'a Bit Stale'
Cleveland Federal Reserve President Beth Hammack downplayed the impact of September hiring data released Thursday, as she once again said U.S. monetary policy needs to be positioned to lower persistently high inflation levels.
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US Existing Home Sales Increase in October
U.S. existing home sales increased in October as buyers took advantage of lower mortgage rates, though rising unemployment and high home prices remain a constraint for the housing market.
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Traders Expect Fed to Skip December Rate Cut
The Federal Reserve will keep its policy rate on hold in December, traders bet Thursday, after government data showed the labor market remained sluggish in September but was not deteriorating in a way that would bolster arguments for a third straight U.S. rate cut.
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Delayed September report shows U.S. added 119,000 jobs, more than expected; unemployment rate at 4.4%
Nonfarm payrolls were expected to add 50,000 in September, according to the Dow Jones consensus estimate.
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The September jobs report is finally coming out Thursday. Here's what it is expected to show
Due at 8:30 a.m. ET, the report is forecast to show a gain of 50,000 jobs in the public and private sectors.
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