Quincy Krosby

The October employment report released Friday morning showed the U.S. economy added only 12,000 jobs in October, well-below estimates of 113,000 and the lowest monthly pace since December 2020. Economists are weighing in on the impact of the hurricanes on the report and the potential for future...

Friday's Personal Consumption Expenditures (PCE) Price Index report showed lower inflation in August than expected, which has economists cheering the results and their positive impact for consumers and the stock market. What Happened: The Personal Consumption Expenditures Price Index is the...

Wednesday’s inflation figure of 2.5% for August — the lowest rate since February 2021 — gives the Federal Reserve the go-ahead signal on cutting rates when it meets on Sept. 18, according to economists. “All clear for launch,” Chris Zaccarelli, Chief Investment Officer for...

U.S. stocks appear on track to start the new week on a positive note, following their steep sell-off in the week ended Sept. 6 on macro concerns. Bargain hunting in beaten-down tech stocks could give the market a lift even as traders remain wary about the week’s twin inflation reports that...

Friday’s lower unemployment figure is a strong indication that the Federal Reserve may cut rates by 0.25% instead of 0.50% when it meets in less than two weeks, economists say. “This is the moment we've all been waiting for and, based on the data, it looks like the Fed won't need to...

Friday’s report on inflation indicated that prices are beginning to moderate as consumer spending continues to exceed expectations and the economy remains resilient, according to economists. “This is a double dose of good news on inflation and economic growth. Inflation prints are...

U.S. stocks were priming for more losses on Friday as traders await the key non-farm payrolls report. Tech stocks could again take the brunt of the selling amid some sector-specific concerns and the ongoing rotation out of the sector. Against the backdrop, the payroll data could be a make-or-break...

The Federal Reserve decided at its Wednesday meeting to keep the key interest rate between 5.25% and 5.5% while maintaining other policy interest rates and continuing to lower its bond holdings at a rate of $60 billion per month. Bill Adams, chief economist for Comerica Bank, said the committee...

Index futures trading indicates cautious optimism as traders anticipate a busy week, with a slew of earnings reports, the two-day Federal Open Market Committee meeting starting Tuesday, and Friday’s non-farm payrolls report. Traders may look to take a position in stocks that have pulled back...

The Personal Consumption Expenditure (PCE) price index keeps falling. This reaffirms the possibility that the Federal Reserve will cut the key interest rate by September. The PCE, the Fed’s favored inflation indicator which tracks U.S. consumer spending, rose 2.5% on an annual basis in June,...

June’s U.S. retail sales report indicates that increasingly careful consumers are still opening their wallets, despite a stagnant reading on Tuesday, economists say. U.S. retail sales remained flat in June, falling from an upwardly revised 0.3% growth in May to zero growth and matching the...

The Russell 2000 index of small caps, tracked by the iShares Russell 2000 ETF (NYSE:IWM), recorded its best weekly performance since October 2023, surging over 6% and reaching its highest level since January 2022. The rally was largely driven by Thursday’s session, where the Russell 2000...

Federal 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...

The 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,...

Stocks rallied on Friday, reversing the negative session from Thursday, which had broken the longest winning streak in over two years, following hawkish comments by Fed Chair Jerome Powell on Federal Reserve policy. The tech sector is back on the rise, driven by the performance of the Magnificent 7...