“I do think rates are going to fall as we move into a recession in the first part of next year,” Gundlach said on CNBC’s “Closing Bell” Wednesday.
Category: Finance News
Fed holds rates steady, upgrades assessment of economic growth
The Federal Reserve on Wednesday again held benchmark interest rates steady amid a backdrop of a growing economy and labor market.
IRS announces 2024 retirement account contribution limits: $23,000 for 401(k) plans, $7,000 for IRAs
The IRS has increased the 401(k) plan contribution limits for 2024, allowing employees to defer up to $23,000 into workplace plans, up from $22,500 in 2023.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in September.
Here’s what investors should consider now that Series I bonds are paying 5.27%
Series I bonds are now paying 5.27% annual interest through April 2024. Here’s how to know if you should buy I bonds.
Stocks making the biggest moves midday: Estée Lauder, Yum China, Paycom Software and more
These are the stocks posting the largest moves in midday trading.
Credit Suisse intervention avoided ‘financial crisis,’ Swiss National Bank chairman says
Swiss National Bank Chairman Thomas Jordan said the central bank’s interventions during the fall of Credit Suisse were “crucial” to avoid a “financial crisis.”
Private sector payrolls rose 113,000 in October, less than expected, ADP says
ADP reported that companies added 113,000 workers for the month, higher than the 89,000 in September but below the estimate of 130,000.
Stocks making the biggest moves premarket: AMD, WeWork, Wayfair, Humana and more
These are the stocks posting the largest moves in premarket trading.
Stanley Druckenmiller says government needs to stop spending like ‘drunken sailors,’ cut entitlements
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