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Rhumbline Advisers lessened its stake in Omnicom Group Inc. (NYSE:OMC – Free Report) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 421,920 shares of the business services provider’s stock after selling 7,685 shares during the quarter. Rhumbline Advisers […]
Its recent Quick Takes says inflation dipped even as unemployment had stayed low, which means growth may be driven by productivity and is therefore disinflationary
The brokerage cited softer-than-expected October employment data and dovish Fed commentary for the forecast push to next year. The Labor Department's closely watched employment report on Friday showed that the unemployment rate rose to 3.9% last month, the highest level since January 2022, from 3.8% in September. "We continue to think the FOMC (Federal Open Market Committee) will need to proceed with additional tightening and will have to maintain a higher rate path than expected by the market, with no rate cut prior to September 2024," economists at Barclays said in a note da...
Omnicom Group Inc. (NYSE:OMC – Get Free Report) CAO Andrew Castellaneta sold 3,300 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $76.57, for a total transaction of $252,681.00. Following the completion of the sale, the chief accounting officer now owns […]
Banque Pictet & Cie SA purchased a new position in Omnicom Group Inc. (NYSE:OMC – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,132 shares of the business services provider’s stock, valued at approximately $583,000. Several other hedge funds and […]