3 things investors need to know this week!
Welcome to our newsletter. Each week, we’ll share the top 3 things any investor needs?to know to help them stay on top of things!
Fed Prepares Rate Cut Amid Economic Contradictions: Federal Reserve officials are expected to cut interest rates by a quarter percentage point at their meeting Thursday because inflation has continued to make progress toward their 2% goal.
Officials began lowering rates at their previous meeting in September by making a larger half-point cut. They are trying to figure out where rates should settle after high inflation over the past three years, which has led to a dramatic series of rate increases.
US economy adds just 12,000 jobs as Boeing strike, hurricanes weigh on labor market: The US labor market added far fewer jobs than expected in October as weather disruptions and worker strikes weighed on the labor market.
Data from the Bureau of Labor Statistics released Friday showed the labor market added 12,000 payrolls in October, less than the 100,000 economists expected. October job additions came in far lower than the revised 223,000 added in September. Monthly job additions for August and September were also revised lower by a combined 112,000.
Germany’s Shaky Coalition Heads for a €75 Billion Budget Reckoning: The German government is bracing for a crucial court ruling that could strip as much as €75 billion ($82 billion) of tax income from the public coffers and potentially put the battered coalition in jeopardy with just a year to go until elections are scheduled.?
The Federal Constitutional Court will hear arguments this month on whether the so-called solidarity surcharge introduced to tackle the burden of?German?reunification is legal. At stake is roughly €66 billion collected since 2020 plus around another €9 billion in interest, according to people familiar with the matter who asked not to be identified discussing confidential information.
Lead Financial Analyst
2 周great post
React Developer
3 周Great job on the last newsletter!