06/09/2024 – Morning Note

Key News Overnight: The Federal Reserve will lower interest rates by 25 basis points at each of the U.S. central bank’s three remaining policy meetings in 2024, according to a majority of economists in aRead more

Key News Overnight: Wall Street’s three major indexes gained more than 1% on Monday as investors looked for bargains after the previous week’s sell-off while they also waited for inflation reports in coming days andRead more

Key News Overnight: Looming interest rate cuts may not immediately spur a rush out of cash-like instruments, as yields on some shorter-dated government bonds could take months to fall below those on longer-term debt, analystsRead more

Key News Overnight: Federal Reserve policymakers are increasingly attentive to the U.S. labor market as they prepare for a policy-setting meeting later this month, when their assessment of job-market health will be key to howRead more

Key News Overnight: U.S. construction spending fell more than expected in July as higher mortgages and increased supply weighed on single-family homebuilding. In this issue: Ora Banda Mining (OBM) | Higher grades drive upgrades atRead more