Highlight of the Week
Federal Reserve delivers third cut to 1.50 – 1.75 % – signals a pause for future cuts
- Steady hiring data in October provides support for wait-and-see strategy
- Top Fed Officials signal synchronized comfort with pause in rate cuts
Rate Curves
Rapid Report:
Dow climbs as US stocks continue outpacing the world
- Steady consumer spending and labor market strength continue to power US stocks, despite recession fears
- S&P 500 is up 23% for the year, underscoring US leadership in global markets
- Shares of large companies such as Apple, Target, and Chipotle have soared to highs of 60% or more
McDonald’s fires CEO over consensual relationship with employee
- Chief Executive Steve Easterbrook terminated after investigation of relationship with unnamed employee – Head of US business to take over
- Mr. Easterbrook wrote,, “given the values of the company, I agree with the board that it is time for me to move on”
NYC Marathon
Kenyans win both men’s and women’s NYC marathons, including Joyciine Jepkosgei winning the women’s division in first-ever race
