ECONOMY

Fed rates will be higher for longer than markets expect, says Claro Advisor’s Ryan Belanger – CNBC Television

Fed rates will be higher for longer than markets expect, says Claro Advisor’s Ryan BelangerCNBC Television How soon will the Fed cut rates after hiking by 425 bps this year?Kitco NEWS Prudent for Fed to pause rate hikes and assess impact, says former FDIC chairCNBC Television The Fed could signal rate cuts in the back …

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Pending Home Sales Crash to Second-Lowest Monthly Reading in 20 Years – Mish Talk

Pending home sales chart courtesy of Trading Economics and the NAR Pending Home Sales Description Pending sales are signed contracts where the transaction has not closed. They are a leading indicator of future existing home sales. In this case, pending home sales for November represents an advance look at closings that will take place in …

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US Steel to lay off 244 workers when it idles tin operations at Gary Works

US Steel plans to lay off 244 workers at its Gary Works steel mill when it indefinitely idles its tin mill operations there, although it will relocate the workers it can to other jobs at the mill. The majority of the tin operations will be idled, US Steel Labor and Employee Relations Senior Director James …

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