UBS: The Federal Reserve is not expected to cut interest rates until 2027.
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US consumers’ one-year inflation expectations rise to 3.9%, hitting a three-year high, while confidence in the labor market improves
The Federal Reserve Bank of New York released its consumer expectations survey, revealing that the median one-year inflation expectation among U.S. consumers rose from 3.6% in August to 3.9%, reaching its highest level since May 2023. The median three-year inflation expectation increased from 3.2% to 3.3%, while the median five-year expectation remained unchanged at 3%. Consumers’ outlook on the labor market improved, with perceptions of a lower probability of being unemployed and a higher likelihood of voluntarily quitting their job.
Transportation stocks pullback offers buying opportunity? Citi optimistic about industry cycle improvement, upgrades XPO (XPO.US) rating to "Buy"
According to Jinshi Finance APP, Citi Research believes that the recent general pullback in the US transportation sector has made freight stock valuations attractive again. Analyst Ariel Rosa has therefore become more optimistic about the industry's outlook and has upgraded the rating of less-than-truckload (LTL) company XPO (XPO.US) from "Neutral" to "Buy," while also expecting the company to deliver strong performance in the third quarter.
Florida Attorney General files for temporary injunction against Meta
Attorney General of Florida, United States, has requested a temporary restraining order against Meta Platforms (META.US).
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