Fed’s Daly Warns of Economic Vulnerability Amid Softening Labor Market; U.S. Steel Invests, Alphabet Sees Strong Bond Demand

Key TakeawaysFederal Reserve's Mary Daly expressed concerns about increasing labor market slack and economic vulnerability, cautioning against achieving 2% inflation at the cost of millions of jobs.U.S. Steel (X) is investing $75 million in its Alabama plant, a move expected to create approximately 250 construction jobs and boost American manufacturing.Alphabet (GOOGL, GOOG) successfully priced a €6.5 billion Euro-denominated debt offering and attracted an overwhelming $90 billion in demand for its U.S. dol ...