Economic Indicators - The Atlanta Fed tracker indicates a GDP growth rate of approximately 3.9% for Q3, following a 3.8% growth in Q2, suggesting a strong economic performance [2] - Weekly jobless claims decreased to 218,000, with a four-week moving average of about 230,000, indicating a healthy labor market [2][16] - Durable goods orders rose by 5.4% year-over-year, driven by Boeing, while new home sales increased by 20% month-over-month and 15% year-over-year, reflecting robust consumer activity [3] Market Outlook - The earnings outlook for the next quarter is positive, with expectations of broad-based growth across various sectors, including housing and financials [4][6] - Financials are expected to perform well, with Morgan Stanley raising targets for large-cap banks due to favorable numbers [7] - The industrial sector and data center investments are anticipated to continue thriving, supported by strong visibility [8] Investment Strategies - Investors are encouraged to diversify beyond technology stocks, with a focus on sectors like housing and autos, which may benefit from lower interest rates [6][7] - Capital One is highlighted as a favorable investment due to its recent acquisition of Discover Financial, which enhances its scalable payments network [9] - Cybersecurity is identified as a growing sector, with potential for consolidation among the 4,000 companies in the field, driven by increasing demand for AI-related security solutions [11][12] Consumer Behavior - The consumer remains resilient, supported by job stability and wage growth of about 5%, despite inflationary pressures [18] - A significant amount of capital, approximately $8 trillion, is currently in money markets, which may shift into equities as interest rates decline [14][15] Risks and Concerns - The labor market is closely monitored, with a warning threshold set at 250,000 to 260,000 weekly jobless claims, as a significant increase could signal economic trouble [16][17] - Potential government shutdowns are not seen as a major concern, with expectations that any issues will be resolved quickly [19][20]

ECB Governing Council member Gabriel Makhlouf said the cycle of interest-rate reductions is near its end https://t.co/rVmwwL0zF8 ...

LOGIN BY Associated Press Listen to this ArticleMore info 0:00 / 0:00 The Federal Reserve's favored inflation gauge accelerated slightly in August from a year earlier. The Commerce Department reported Friday that its personal consumption expenditures (PCE) price index was up 2.7% in August from a year earlier, a tick higher from a 2.6% year-over-year increase in July and the most since February. Prices rose 0.3% from July, compared to a 0.2% increase the month before. Core prices rose 0.2%, the same as ...

🇺🇸 JUST IN: Markets now see an 89.8% chance of a Fed rate cut to 3.75–4.00% at the October 29 meeting. https://t.co/HIc9PIvXwa ...

US stocks snapped a three-day losing skid on Friday as the Federal Reserve’s preferred inflation gauge grew at a marginally slower pace last month, helping keep interest-rate cut expectations intact https://t.co/ys3Tt9d9HJ ...

Core Inflation and Consumer Spending - The PCE price index increased by 2.7% in August year-over-year, up from 2.6% in July, marking the highest increase since February [1] - Core PCE inflation, excluding food and energy, remained at a 2.9% increase from August 2024, consistent with July's figures [2] - Inflation-adjusted consumer spending rose by 0.4% from July, driven by a 0.7% increase in goods spending, while services spending only increased by 0.2% [3] Federal Reserve Actions and Economic Context - The Federal Reserve has raised its benchmark interest rate 11 times in 2022 and 2023 due to rising inflation, which remains above the 2% target [4] - Recently, the Fed reduced rates for the first time this year to support a weakening job market, while being cautious about further cuts due to potential impacts from tariffs [4] - The Fed prefers the PCE inflation gauge over the consumer price index as it accounts for changes in consumer shopping behavior during inflationary periods [6]

Chile’s central bank said there are inflation risks that “should not be ignored or downplayed” and that any moves to its interest rate require a careful analysis, according to the minutes to its last policy meeting https://t.co/2dfPB7QUmo ...

Core Insights - The article discusses the highest fixed deposit (FD) interest rates offered by major banks in India, highlighting competitive rates for both general and senior citizens [5][6] Summary by Bank - **State Bank of India (SBI)**: Offers FD interest rates ranging from 3.05% to 6.60% for general citizens and 3.55% to 7.10% for senior citizens, with the highest rates available for a tenure of 444 days [5][6] - **HDFC Bank**: Provides FD interest rates between 2.75% and 6.60% for general citizens and 3.25% to 7.10% for senior citizens, with the highest rates applicable for a tenure of 18 months to less than 21 months [5][6] - **ICICI Bank**: Offers FD interest rates from 2.75% to 6.60% for general citizens and 3.25% to 7.10% for senior citizens, with the highest rates available for tenures of 2 years 1 day to 10 years [5][6] - **Punjab National Bank (PNB)**: Provides FD interest rates between 3.00% and 6.60% for general citizens and 3.50% to 7.10% for senior citizens, with the highest rates available for a tenure of 390 days [5][6] - **Bank of Baroda (BoB)**: Offers FD interest rates ranging from 3.50% to 6.60% for general citizens and 4.00% to 7.10% for senior citizens, with the highest rates applicable for a tenure of 444 days [5][6] Market Context - The article emphasizes that fixed deposits remain a reliable investment avenue for safe and assured returns, especially as investors monitor interest rate movements [5][6]

Thailand’s central bank could deliver a larger interest-rate cut in October to curb the strengthening baht, Citigroup says https://t.co/3buQEjlDVg ...

Bitcoin hovered above $111K as markets awaited crucial U.S. inflation data that could determine the Fed's next interest rate decision.Read more: https://t.co/j718BrmIjk ...