Interest Rates
Big payroll gains push recession fears into the corner — for now
A worker wearing a protective mask slices beef in the butcher section of a Stew Leonard’s supermarket in Paramus, New Jersey, on Tuesday, May 12, 2020. Angus Mordant | Bloomberg | Getty Images June’s big payroll jump helped clear away some of those recession clouds for a U.S. economy that nonetheless faces some stormy weather […]
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5 things to know before the stock market opens Friday
Traders on the floor of the NYSE, July 6, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Can stocks stay on a winning streak? The S&P 500 has posted gains for four straight trading days heading into Friday’s session, offering investors glimmers of hope […]
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Fed officials Waller and Bullard back another big interest rate increase in July
The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. Sarah Silbiger | Reuters The Federal Reserve is well on its way to another sharp interest rate hike in July and perhaps September as well, even if it slows the economy, according to statements Thursday from two policymakers. Fed Governor Christopher Waller left little […]
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5 things to know before the stock market opens Thursday
British Prime Minister Boris Johnson listens to Qatar’s Emir Sheikh Tamim bin Hamad al Thani (not pictured) at the start of their meeting at 10 Downing Street, in London, Britain May 24, 2022. Matt Dunham | Reuters Here are the most important news items that investors need to start their trading day: 1. The end […]
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Malaysia fuel subsidies offer some reprieve from inflation, says economist
Malaysia is in an “enviable” position because fuel subsidies have shielded households from higher oil prices, according to an economist. “Even though we’re seeing this acceleration in inflation, and we’re going to see higher inflation going forward, particularly into the second half … households have in some way been shielded because of these fuel subsidies,” […]
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Fed sees ‘more restrictive’ policy as likely if inflation fails to come down, minutes say
Federal Reserve officials in June emphasized the need to fight inflation even if it meant slowing an economy that already appears on the brink of a recession, according to meeting minutes released Wednesday. Members said the July meeting likely also would see another 50- or 75-basis point move. A basis point is one one-hundredth of […]
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The Federal Reserve hiked interest rates to combat inflation: Here’s what that means for you
The Federal Reserve recently raised interest rates by three-quarters of a percentage point, the most aggressive hike since 1994. This rise puts the key benchmark federal funds rate at a range between 1.5 and 1.75%. The Fed’s intention is to help combat inflation. Watch this video to find out what rising interest rates mean for […]
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5 things to know before the stock market opens Wednesday
Traders on the floor of the NYSE, June 27, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Stocks in a holding pattern U.S. stock futures were essentially flat across the board Wednesday morning, following a late rally the day before. While the Dow finished […]
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Australia risks recession and housing downturn after third rate hike
The negative impact of interest rate rises on Australian housing prices, household spending and the volume of dwelling investments may hurt consumer confidence and fuel the likelihood of a recession in Australia, analysts and economists say. The Reserve Bank of Australia raised interest rates for the third time in a row on Tuesday. Joining central […]
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Wrong time to get bullish: Top investor warns deflating tech ‘bubble’ far from over
The recent tech rally may be doomed. Money manager Dan Suzuki of Richard Bernstein Advisors warns the market is far from bottoming — and it’s a concept investors fail to grasp, particularly when it comes to growth, technology and innovation names. “The two certainties in this world of uncertainty today is that profits growth is […]
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