![]() "Quite clearly, today's RBA decision will stoke speculation that other central banks will begin slowing the pace of hikes," TD Securities analysts said in a note. Still, the softening economic data added to a weaker than expected US manufacturing report on Monday and a slimmer rate hike out of Australia, where the Reserve Bank of Australia surprised markets with a smaller than anticipated interest rate hike, boosting hopes other central banks could follow suit. Millions of people have turned to it to connect with each other. In our view, the labor market moved from 'extremely tight' to just 'very tight' and the Fed will likely respond by another 0.75% increase in the Fed funds rate next month," said Jeffrey Roach, chief economist for LPL Financial. Zoom Video Communications (NASDAQ: ZM) is a pandemic-era icon. "We don't expect a change in the Fed's likely actions at the next meeting. ![]() But layoffs remained low, signs of a still-tight labor market that could keep the Federal Reserve on its aggressive monetary policy tightening path, as Fed officials insist they have more work to do to rein in inflation. Despite the fall from grace on the stock market, Zooms business is more robust than ever, both. ![]() There were 1.7 job openings for every unemployed person in August, down from two in July. Meanwhile, Zoom Technologies, a so-called penny stock traded over the counter, had risen more than 240 over the same time frame before the SEC suspended it. Since then the share price has stumbled downwards, landing on 149.6 U.S. ![]()
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