Episode 960: The Dividend Cafe Thursday - October 17, 2024

In this episode of Dividend Cafe, Brian Szytel delivers a market and economic update for October 17th. The Dow showed a positive gain of 161 points, while the S&P and Nasdaq remained flat. Interest rates saw a slight increase, with the 10-year Treasury note rising 7 basis points to 4.09%. Brian reviewed the latest economic news, including initial jobless claims at 241,000—below expectations, positive retail sales, and the Philadelphia Fed Manufacturing Index showing improvement. Across the Atlantic, the European Central Bank cut rates by 25 basis points to 3.25%, citing slow, yet non-recessionary growth. Inflation in Europe has fallen to 1.8%, while unemployment stands at a historically low 6.4%. Brian also discussed the Phillips Curve's relevance and addressed a reader's question on credit card fees and their impact on inflation. He wrapped up with a reminder about forthcoming housing market data and the Long Form Dividend Cafe report.

00:00 Introduction and Market Overview

00:43 Economic Data and Job Market Insights

01:25 Retail Sales and Manufacturing Updates

01:55 European Economic Conditions

02:25 Inflation and Unemployment Analysis

03:40 Credit Card Debt and Inflation

04:48 Conclusion and Upcoming Reports

Links mentioned in this episode: DividendCafe.com

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