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Fed 'Truly Has A Green Light' To Cut Rates By 0.5% After July Producer Price Report, Says Economist
Tuesday, August 13, 2024 - 11:52am | 447The Producer Price Index for July released Tuesday showed a decline following an unanticipated rise in June, much to the relief of the markets. “The PPI data this morning came in lower than expected – across the board – which is good news for those investors that worried the Fed would have...
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Markets Are 'Ripe For Negativity,' But Financial Expert Urges Investors To 'Pick Up Some Deals'
Monday, August 5, 2024 - 1:46pm | 732Financial markets are poised for a bumpy ride as they face a series of recent events that have led to a major selloff, analysts say. On Thursday, the Federal Reserve held off on cutting rates and then a cooler-than-expected U.S. jobs report landed on Friday while Iran threatened to attack Israel....
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Fed 'Made A Serious Error' In Keeping Rates Unchanged Before July Jobs Report: CIO
Friday, August 2, 2024 - 11:45am | 556The Federal Reserve should have lowered interest rates at Thursday’s meeting, according to economists reacting to the jobs report released on Friday. The Fed has kept its key interest rate between 5.25% and 5.5% as it looks for the inflation rate to fall to 2%. “The economy and the...
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Wall Street On Track To Rebound As Traders Train Eyes On Key Data Ahead Of Long Weekend: Analyst Says Brace For More Gains In Second-Half
Friday, May 24, 2024 - 7:15am | 1330Wall Street is eyeing a return to winning ways on Friday after the lackluster sentiment seen in the past two sessions. The index futures held modestly higher in early trading. The spotlight is likely to be on a Fed speech scheduled for the day and the inflation expectations readings of the...
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Wall Street Poised To Rebound From Slump As Earnings Optimism Grows: Analyst Eyes This S&P 500 Level As Attractive Entry Point
Wednesday, April 17, 2024 - 7:09am | 1162U.S. stocks are priming for a firmer start on Wednesday, potentially striving to inflect higher from the weakness seen so far in April. As some bullish market watchers pointed out there could be an inflection from the second half of April, with earnings potentially serving as an upside catalyst....
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Jerome Powell Back In Hawkish Policy Lane? Why Economists Feel Fed's 'Higher For Longer' Narrative Hasn't Changed: 'Markets Need To Focus On The Fact That...'
Wednesday, April 17, 2024 - 3:25am | 685Federal Reserve Chair Jerome Powell stated on Tuesday that a prolonged period of restrictive monetary policy may be necessary, refraining from offering explicit guidance on a rate-cutting strategy. Economists interpreted this as a clear indication that the central bank is...
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US Stocks On Track To Finish Week On A High As Positive Earnings, Rate Pause Hopes Lend Support
Friday, November 17, 2023 - 8:14am | 1400The resilient market looks set to open the week’s last trading session on a modestly positive note. Stocks have been mostly higher this week following the release of a tame consumer price inflation report on Tuesday, although the upward move hasn’t been very convincing. On Friday,...
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S&P 500 Opens Higher As New Data Nods To Rate Hike Pause, Economists Weigh In
Thursday, August 31, 2023 - 10:11am | 554The S&P 500 leaped higher in early Thursday trading action even though the Federal Reserve's favored inflation measure, the Personal Consumption Expenditures (PCE) price index, recorded a year-on-year increase of 3.3%. The PCE for July came in higher than June’s 3% and matched economists...
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Economists React To May PCE Data: Inflation Metrics Cool Down, Rate Hike Expected In July
Friday, June 30, 2023 - 10:39am | 471The Core Personal Consumption Expenditure (PCE) price index, the Federal Reserve’s preferred inflation measure, rose 4.6% year-over-year in May, lower than the expected 4.7%, according to data issued Friday by the U.S. Bureau of Economic Analysis. The market adjusted expectations for a Fed...
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6 Economists React To Robust Jobs Report: Is The Fed Hiking In June?
Friday, June 2, 2023 - 11:58am | 489The U.S. labor market is hot, beating all forecasts in May and recording its strongest performance in recent months. Nonfarm payrolls came in at 339,000 — far surpassing the expected 190,000 — it seems the labor market isn’t showing any signs of weakness. Investors now have one primary...
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Chances Of Another 0.75% Interest Rate Hike Plummet Following Soft CPI Inflation Reading
Wednesday, August 10, 2022 - 11:47am | 558The U.S. Federal Reserve raised its target Fed funds rate by 0.75% in June and July in an attempt to get inflation under control. Investors wondering if the Fed will pull the trigger on a third 0.75% hike at its next meeting in September got some key inflation data on Wednesday morning...
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Experts React To 0.75% Fed Rate Hike: 'Don't Think They Will Pause'
Wednesday, July 27, 2022 - 4:11pm | 647The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 2.25% and 2.5%, its second 0.75% rate hike in two months. The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 3% on Wednesday afternoon following the rate hike and bullish commentary from...
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How To Navigate The Ukraine Crisis-Induced Market Chaos
Friday, February 25, 2022 - 12:35pm | 589The Ukrainian crisis is showing no signs of abating, and financial markets have been in turbulence since Russia invaded the Eastern European country. Against this backdrop, here are ideas on how traders can insulate themselves from the market turmoil. Valuation Compression...
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How The Markets Are Reacting To Russia's Invasion Of Ukraine
Thursday, February 24, 2022 - 11:56am | 854The SPDR S&P 500 ETF Trust (NYSE: SPY) dropped 2.5% and the SPDR Dow Jones Industrial Average ETF Trust (NYSE: DIA) dropped 2.4% on Thursday morning after Russia launched an attack against Ukraine. What Happened? Russia invaded Ukraine overnight, with reports of missile strikes and...
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'Another Surprise Jump': Experts React To 7.5% CPI Inflation, Highest Since 1982
Thursday, February 10, 2022 - 10:28am | 415The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 1.3% on Thursday morning after the Labor Department reported a 7.5% increase in the consumer price index in the month of January, the fastest inflation growth since 1982. What Happened: The headline CPI rose 7.5% in January, outpacing...