U.S. ADP employment increased by 42k in October, marking the largest gain since July 2025. The figure beat expectations of 28k and followed a previous reading of -32k. ...

Is there something underneath the surface of this market besides AI keeps investors just so optimistic. >> I think it's employment. Obviously, AI is integral to where the the S&P 500 is especially, and that is the lynch pin.But as I look beyond the surface, it's employment, right. As long as people have jobs and can get jobs, then they can really weather a lot, a lot of uncertainty, inflation, things like that. And the fact that the labor market has stayed so strong, I think is sort of the unsung hero of th ...

AI Impact on Employment - AI 对就业的影响难以在官方数据中直接体现 [1] - 采用 AI 的公司招聘情况本应与未采用的公司持平，但实际情况并非如此 [1] - 一项针对 300,000 家公司的研究表明，招聘正在减弱 [1]

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -Federal Reserve officials on Monday continued pressing competing views of where the economy stands and the risks facing it, a debate set to intensify ahead of the U.S. central bank's next policy meeting and in the absence of data suspended due to the federal government shutdown. In her first public remarks since President Donald Trump launched a so-far unsuccessful attempt to remove her from her position, Fed Governor Lisa Cook portrayed a tug-of-w ...

We are coming up on this mark. As you look back over the past year, what has been the biggest surprise to you as someone actively involved in these markets. >> Good morning, Brian.Thank you for having me on. Uh to me, it's the market resiliency. I mean, it truly is the Teflon market.you if someone had told us a year ago that the Trump administration was actually going to go through with all of these reciprocal tariffs with threatening 100 plus percent tariffs on China all of these different trade metrics an ...

All right, we got some breaking news from Washington Fed Governor Lisa Cook who is speaking in DC. Steve Leeman has those headlines. Steve.>> Uh, thanks Brian. The Olive for Fed policy continues to be somewhat confusing with Fed officials offering different forecasts from each other and even some officials taking both sides of the argument. Lisa Cook speaking in Washington said she supported the decision to cut rates last week.Uh, but says downside risks to employment are greater than upside risk to inflati ...

First though getting some ISM manufacturing numbers. Let's get back to Rick Santelli. Hi again Rick. >> Hi Carl.Indeed these are October read for ISM. Uh for the manufacturing side there is no bid month read on the headline manufacturing expecting a number close but below 50 49 and change ends up coming in light. 48.7% that equals where we were in August to find a lower number here going to July.We haven't had a positive number there since the first couple months of the year, January and February, meaning o ...

Bond ETFs tumbled on Wednesday after Federal Reserve Chair Jerome Powell signaled that another rate cut at the December FOMC meeting isn’t guaranteed, contradicting market expectations for an almost certain move.As widely anticipated, the Fed lowered its benchmark federal funds rate by 25 basis points to a target range of 3.75% to 4%. But Powell struck a more cautious tone about the path ahead.“In the committee’s discussions at this meeting, there were strongly differing views about how to proceed in Decem ...

In the near term, risks to inflation are tilted to the upside and risks to employment to the downside. A challenging situation. There is no risk-free path for policy as we navigate this tension between our employment and inflation goals.Our framework calls for us to take a balanced approach in promoting both sides of our dual mandate. With downside risks to employment having increased in recent months, the balance of risks has shifted. Accordingly, we judged it appropriate at this meeting to take another st ...

When it comes to the tilt of jobs versus the Fed's mandate on inflation and price stability, which do you think it should tilt more towards given what we've seen so far. >> Well, look, one of the very rare things would be to cut rates when you have 3% inflation or slightly under 3% wherever the number is. We always want to keep uh 1% real rate.So, this may be as far as you can push it right now. And maybe that's what the Kansas City Fed uh is concerned about. We'll have to see when we get a better briefing ...