Bill Adams

The broad market SPDR S&P 500 ETF Trust (NYSE:SPY) pushed lower on Friday following the Bureau of Labor Statistics release of the latest Producer Price Index data. Here’s what you need to know about the numbers and what leading economists are saying about the market-moving data. PPI, By...

In a move that came as no surprise on Wednesday, the Federal Reserve raised the federal funds rate by 25 basis points to a range of 5.25%-5.5%, marking the highest borrowing cost level since February 2001. Following a short hiatus in June, the rate hike resumed, accumulating a total increase of 5....

Economic data issued Thursday indicates a marked reduction in pricing pressures in June, causing many investors to anticipate an end to the Federal Reserve's interest rate hike cycle, except for one final 25-bps hike in July. What Happened: The Producer Price Index (PPI) increased by 0.1% in June,...

U.S. small businesses are more confident in the economic landscape, underscored by a seven-month peak in June, per the latest data from the National Federation of Independent Business (NFIB). The upward trend comes despite inflation and labor quality remaining top concerns for small business owners...

The U.S. Bureau of Labor Statistics reported a rebound in the Producer Price Index (PPI) for final demand in April, with a month-over-month rise of 0.2%. The increase comes after a revised drop of 0.4% in March and falls short of the expected 0.3% increase. The modest rise is largely attributable...

The Federal Open Market Committee (FOMC) is widely expected to issue at least one more 0.25% interest rate hike at the conclusion of its meeting on Wednesday. The rate hike itself will likely not move financial markets much, but the language the FOMC uses in its policy statement could be a major...

Despite increases in consumer spending, exports, federal government spending, state and local government spending, and nonresidential fixed investment, the U.S. gross domestic product (GDP) only grew at a 1.1% annualized pace in the first quarter of 2023, falling short of the market's expected...

The producer price index (PPI) fell 0.5% in March, lower than expected, according to data issued bythe U.S. Labor Department. What Happened: On a year-over-year basis, the PPI number came in at 2.7%, lower than the estimated 3%. With the Consumer Price Index (CPI), and PPI for April due to be...

On Friday morning, the Labor Department reported solid U.S. jobs market numbers from March. The U.S. added 236,000 jobs in March, slightly missing average economist estimates of 240,000 jobs. The unemployment rate fell 0.1% to 3.5%, below economist estimates of 3.6%. Wages were up 4.2% year-over-...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.7% on Monday ahead of a critical monthly U.S. jobs report expected out on Friday. Economists are expecting the U.S. Labor Department to report the economy added 200,000 jobs in February, down from 517,000 jobs added in January....

Unemployment claims dropped for the second week in a row, according to data released Thursday by the Labor Department. "The odds of a sudden drop-off in U.S. economic activity have lessened," said Bill Adams, chief economist for Comerica Bank. The positive jobs data adds certainty to the prospect...

The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded lower Friday morning after the Bureau of Economic Analysis reported a 5.4% increase in the personal consumption expenditures (PCE) price index in the month of January, the latest signal the Federal Reserve is struggling to bring down...

A pair of economic indicators are injecting worry into market bulls Thursday morning. Here's a look at what the data means for the Federal Reserve, and ultimately the markets. What Happened: The producer price index (PPI) increased 6% in January, down from 6.5% in...

Retail sales in the U.S. increased more than economists anticipated last month, suggesting economic activity picked up to start the year following a slowdown around the holiday season. The stronger-than-expected jump is helping to shake off recession fears but might...

The Labor Department on Tuesday reported a 6.4% year-over-year increase in the consumer price index for January. Although Tuesday's print marked the fourth straight lower inflation reading, the SPDR S&P 500 ETF Trust (NYSE: SPY) is sliding as economists fear...