Atlanta Federal Reserve

Atlanta Federal Reserve President Raphael Bostic has indicated that a reduction in interest rates by the U.S. central bank is likely this year, though the timing and magnitude of such a move remain unclear. What Happened: Bostic, in a recent interview with Reuters, stated that despite a first...

Major U.S. equity indices closed flat on Tuesday following a mixed set of earnings announcements. While market participants were disappointed with Goldman Sachs Group Inc (NYSE:GS) and Johnson & Johnson (NYSE:JNJ) earnings, Bank of America Corp (NYSE:BAC) results surpassed estimates. At the...

The Atlanta Federal Reserve, on Wednesday, revised its estimate for real GDP growth in the first quarter of 2023 to 1.5%, down from 3.5% less than two weeks ago. What Happened: However, Peter Schiff, chief economist and global strategist at Euro Pacific Capital, believes there is a possibility it...

As has been mentioned a time or two hundred in this space over the years, the primary purpose of our oftentimes meandering morning market missive is to identify the drivers of the market action. The thinking is that if investors can understand why the indices are doing what they are doing in...

What does it mean when you have a U.S. equity market that sold off Tuesday, futures down Wednesday, the Nikkei down four percent Wednesday, weaker dollar and weaker gold? The same thing as last time: the Fed is, once again, floating the tapering talk. The traders’ playbook is relatively...