JPMorgan top economist says the Fed should cut rates by a half point this month

JPMorgan top economist says the Fed should cut rates by a half point this month


Key Points
  • JPMorgan’s top economist Michael Feroli believes the Federal Reserve should cut interest rates by a half point this month.
  • Traders are pricing in a 39% chance that the Fed’s target range for the federal funds rate will be lowered by a half percentage point, per the CME FedWatch Tool.
  • Feroli’s remarks come as August saw the weakest private payrolls growth in more than three-and-a-half years.



Source

Can AI make you the next Warren Buffett? One bank is working to find out
Finance

Can AI make you the next Warren Buffett? One bank is working to find out

Deutsche Bank is putting artificial intelligence’s investment skills to the test. The bank asked its dbLumina AI model to pick a basket of funds from the most popular funds used by typical retail investors as of the end of November. Research analyst Luke Templeman fed dbLumina a week of the same daily market analyses from […]

Read More
Stocks making the biggest moves midday: Paramount Skydance, Wave Lifesciences, Confluent & more
Finance

Stocks making the biggest moves midday: Paramount Skydance, Wave Lifesciences, Confluent & more

Check out the companies making the biggest moves midday: Wave Life Sciences — The Singapore-based biotech that trades on Nasdaq more than doubled, soaring roughly 140% , after positive interim data from a Phase 1 trial of an RNA obesity shot that cut fat but retained muscle. Paramount Skydance — The media company is launching a […]

Read More
Stocks making the biggest moves premarket: Broadcom, Confluent, Carvana & more
Finance

Stocks making the biggest moves premarket: Broadcom, Confluent, Carvana & more

Check out the companies making the biggest moves before the bell: Confluent – The Wall Street Journal published a report on Sunday that IBM is in advanced talks to seal an $11 billion deal to acquire data-infrastructure company Confluent, boosting the latter company’s shares by 27%. Broadcom — The chipmaker rose more than 2% after […]

Read More