Holiday sales growth slows to 3.6% amid inflation. Online sales up 7.9%, in-store 2.3%. Retailers brace for discount-driven season.
FORD dips 10% on $4B ATM news, but SOL surges 5%. Traders eye SOL ETF impact on price.
US jobless claims drop to 231k, but labor market softens. Fed cuts rates to 4.00%-4.25% amid hiring stall.
Summers warns Fed policy too loose, inflation risk > jobs. Fed hikes 2025 inflation forecast to 3%.
Fed cuts 25bps amid labor fears, not inflation wins. Dot plot hints at more cuts, but Powell's caution sparks market unease.
US retail sales up 0.6% in Aug, but K-shaped economy shows widening wealth gap & inflation risks.
Powell sees AI bubble risk & Gen Z job struggles. Fed signals 2 rate cuts in 2025. Economy leans on the rich.
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