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 press...
Interest Rate Cut Arrives
On Thursday, the headline August consumer price index (CPI) came in hotter than expected. CPI advanced to 2.9%, the largest increase since January, after climbing 2.7% in July. Consumer prices increased by the most in seven months in August amid higher costs for...
Labor Market is Cracking
Wall Street ended the week mixed as hopes of more aggressive Fed easing this year were balanced with concerns about a recession as the weakness in the labor market. On Friday, the August jobs report showed an anemic 22K rise in payrolls last month, while revisions...
Tariffs continue to mount
Wall Street on Friday notched a marginal loss for the week, but during the week, the S&P 500 achieved the 19th and 20th record close this year. Nvidia, the world's largest chipmaker, highlighted the week with its quarterly report. Despite its results indicating...
US Economy is Bending
Wall Street on Friday posted its best week since late June, driven by a combination of a rebound from a weak July jobs report, a surge in tech stocks, a solid batch of quarterly earnings, and hopes of a truce between Russia and Ukraine. It’s as if nothing happened....
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...
Bad news should not be good news
Wall Street this week was headed for a solid loss, weighed down by a rout in technology stocks and disappointing retail earnings. However, a dovish signal from Federal Reserve chair Jerome Powell on Friday at the annual Jackson Hole Economic Policy Symposium sparked a...
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...
Trade Progress Drive Markets Higher
Wall Street wrapped up a strong week with the S&P 500 index notching its 14th record close of the year at 6,388.64 points. Sentiment was boosted by positive trade developments and solid quarterly reports. Trump announced a "massive deal" with Japan on Tuesday. As...