Treasury Yields Rise After Resilient Data Suggests Measured Fed

Published on August 29, 2024

US Treasury yields edged higher after resilient economic reports prompted traders to slightly trim their expectations for the scope of Federal Reserve easing this year.

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Nvidia Pays Price of Lofty Expectations, Stoking Fear for Rivals

August 29, 2024
Nvidia Corp.’s earnings report needed to be perfect for a stock that’s added nearly $2 trillion in market value in the past year. In the end, a broad beat still sparked a selloff.

Fed Rate Cuts Are No Magic Fix for Anemic Hiring

August 29, 2024
Chair Jerome Powell cemented a shift in focus from inflation to employment last week when he said that the Federal Reserve does not seek a further cooling in the labor market. It was a welcome message for those concerned about an economic slowdown. But there are reasons to expect today’s sluggish hiring environment to persist at least into early next year, frustrating job seekers and policymakers