Is the economy strong or weak?

Wall Street snapped a three week win streak on Friday, despite the central bank delivering its first rate cut in nearly nine months, citing increased downside risks to the labor market. The final estimate of Q2 GDP growth was revised up to an annual rate of 3.8% from...

Fed’s Math does not add up

Wall Street on Friday notched a three week win streak after investors finally received an interest rate cut from the Federal Reserve. Stocks still ended lower on Wednesday but recovered, and that was largely due to Fed Chair Jerome Powell’s comments during the...

Tariffs make their impact known

Wall Street on Friday made solid gains for the week, helped by raised expectations for the Federal Reserve interest rate cut in September. July core consumer price index (CPI) came in at 2.7%, unchanged from June while the producer price index (PPI) readings were...

Expect Interest Rate Cut in September

Wall Street on Friday suffered its worst week since late May, as investors who had driven stocks to record highs faced a reality check in a combination of trade developments, weak economic data, and concerns over the independence of federal organizations. The roller...

Tariffs starting to bite

U.S. stocks witnessed a positive week, with the S&P 500 index and the Nasdaq notching more record highs. A solid start to the second quarter earnings season and favorable economic data helped buoy sentiment and offset concerns about tariffs and Federal Reserve...

Trade War rhetoric is tiring

Wall Street on Friday ended the week slightly lower, as sentiment was dented by trade war escalation. Still, U.S. stocks are at record levels, and the benchmark S&P 500 index this week posted a new intraday high of 6290.22 points. Donald Trump’s tariff moves...