πŸ“Š Fed Signals Fewer 2026 Rate Cuts

Hi everyone, here is your πŸ“Š Daily Trade.

Here's what's happening today:

🌟 Texas leads US in job growth
πŸ’° Costco reports strong Q1 fiscal 2026 results
πŸ“‰ Fed hints at fewer rate cuts in 2026
πŸ”— CFTC's digital assets pilot program gains praise
πŸ“Š Unemployment claims rise amid labor market concerns
🎁 +8 more stories you might like
🌟 Texas Sets Record with Leading Job Growth in the US Link
  • Texas achieved record highs in employment and labor force size in September.
  • The state added 168,000 jobs over the past year, outpacing national growth.
  • Governor Abbott announced grants to support job training and education.
πŸ’° Costco Reports Strong Fiscal 2026 Q1 Performance Link
  • Costco's net sales rose by 8.2% in the first quarter of fiscal 2026.
  • The company reported a net income of $2,001 million, up from last year.
  • Costco operates 923 warehouses globally, with a strong e-commerce presence.
πŸ“‰ Fed Signals Fewer Rate Cuts in 2026 Amid Economic Uncertainty Link
  • The Federal Reserve cut interest rates by a quarter point, with some dissent.
  • Fed Chair Powell indicated a shift to a wait-and-see approach for future cuts.
  • Economic factors, including AI and tariffs, could influence future rate decisions.
πŸ”— CFTC's Digital Assets Pilot Program Boosts Tokenized Collateral Use Link
  • The CFTC's new program allows tokenized digital assets as collateral in derivatives markets.
  • Novarra BBX supports the initiative, highlighting its potential to modernize market practices.
  • The pilot aligns with Novarra's focus on secure, compliant digital asset settlement.
πŸ“Š Rising Unemployment Claims Highlight Labor Market Challenges Link
  • Unemployment benefit applications rose to 236,000, exceeding forecasts.
  • The Fed cut rates due to concerns over a weakening job market.
  • Jobless claims remain historically low, but hiring is sluggish.

Other news & articles you might like

  • 🏒 Joint Corp. sells 22 clinics, cancels California deal (Link)
  • βš–οΈ InnovAge settles securities fraud case for $27M (Link)
  • πŸ“ˆ LightPath Technologies announces stock offering (Link)
  • 🌍 Global standards reshape economy, developing nations lag (Link)
  • 🚚 New trucking regulations impact 2026 supply chain (Link)
  • 🩺 Gazyvaro approval reshapes EU lupus nephritis treatment (Link)
  • ☁️ Tenable partners with GSA for cloud security (Link)
  • πŸ“Š NVIDIA and AI stocks poised for 2026 gains (Link)

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