Mike McKee

And so people started, you know, buying risk assets again.

And then the headline crosses that he's back down.

And so everybody just piles back in again.

A big drop again in jobless claims, 198,000.

Last week's 208 has been revised down by 1,000 to 207,000.

Speaking of employment, a big drop again in jobless claims, 198,000.

Last week's 208 has been revised down by 1,000 to 207,000.

The index for final demand, less foods, energy and trade services up two tenths of a percent in November and for the year up three and a half percent.

That is the largest 12 month increase since rising three and a half percent in March.

The interesting thing is housing because there was a feeling that the lack of October data would depress the housing numbers and keep them depressed.

But we see owner's equivalent rent come in by three-tenths gain.

That's up a little bit.

And rent itself up four-tenths on the month.

Bloomberg's Mike McKee reports investors are still pricing in almost no chance of a rate cut this month.

Most measures beat estimates that included trading revenue because there's been so much volume in the markets.

The company also topped estimates for managed net interest income, which is one of those key measures that Wall Street looks at.

Powell has been...

very circumspect about what his plans are for the future he has refused to say whether he would resign as a governor in part i think to keep his leverage over the administration as it tries to push him to cut interest rates more bloomberg's mike mckee the ranking democrat on the senate banking committee senator elizabeth warren says every president would like low interest rates in election years but donald trump's war on the federal reserve is doing worldwide damage the

We're feeling better about things, and it's probably a combination of the fact that gasoline prices have gone down a lot, the stock market continues to rise, and people are less afraid, perhaps, of losing their jobs, since we're not seeing a lot of job losses.

Although,