U.S. Inflation Pressures, Job Creation Slows

This is a U.S. news story, published by CNBC, that relates primarily to Pick news.

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CNBC

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Top Wall Street execs are getting skeptical on the Fed's easing path

Summary

Nutrition label

82% Informative

Major Wall Street CEOs see ongoing inflation pressures in the U.S. economy and aren't convinced that the Federal Reserve will continue its rate-easing path with a further two reductions this year .

America 's consumer price index, a key inflation gauge, was up 2.4% in September compared to the same period in 2023 .

The Fed cut its benchmark rate by 50 basis points in September .

"Geopolitics are back and will be part of the challenge for decades to come," Pick said.

Apollo Global CEO Marc Rowan even questioned why the Fed was cutting rates at a time when so much fiscal stimulus had propped up a healthy-looking U.S. economy.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

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not offensive

Hate speech

not hateful