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'Risk Of Overheating': 4 Experts On Hot January Jobs Report, How The Fed Will React
Friday, February 3, 2023 - 11:41am | 584The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower Friday after the Labor Department reported blowout U.S. jobs market numbers from January. The U.S. added 517,000 jobs in January, beating average economist estimates of 187,000 jobs. The unemployment rate dropped to 3.4%, below economist...
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Why These Economists Say The End Of The Fed's Interest Rate Hike Cycle Is Near
Wednesday, February 1, 2023 - 5:05pm | 465The Fed confirmed its latest hike on the federal funds rate of 0.25% on Wednesday afternoon. The decision to slow down the pace of hikes was seen as a sign the economy was responding positively to last year's hard tightening measures. The current federal funds rate is currently at between 4.5% and...
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'Mild Recession' Imminent? Experts React To 4.4% Core PCE Inflation Ahead Of Next Week's Key Fed Decision
Friday, January 27, 2023 - 12:01pm | 482The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded lower by 0.3% on Friday morning after the Bureau of Economic Analysis (BEA) reported a 5% increase in the personal consumption expenditures (PCE) price index in the month of December, the latest signal that inflation is trending steadily lower....
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Q4 GDP Rises 2.9% In What Should 'Reignite' Soft Landing Talks: 2 Experts Agree On The Fed's Next Move
Thursday, January 26, 2023 - 1:12pm | 674The U.S. economy grew more than economists had predicted in the fourth quarter, a welcome sign for bullish investors. Two experts were in agreement on how the Federal Reserve will respond to Thursday's print. What Happened: U.S. gross domestic product (GDP) ...
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Unexpected Twist In Tech Layoffs: New Unemployment Claims Drop Amid Positive Economic Growth
Thursday, January 26, 2023 - 12:34pm | 597Indeed, sweeping layoffs in the tech sector over the last couple of months are troubling, but a curious phenomenon has emerged. The number of new first-time applications for unemployment benefits actually decreased, according to Thursday’s jobs report. What Happened: After seasonal...
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Hike, Pause, Pivot Or Cut? 4 Experts On The Fed's Next Interest Rate Move As CPI Data Shows Inflation 'Weakening'
Thursday, January 12, 2023 - 12:38pm | 866The Labor Department on Thursday reported a 6.5% year-over-year increase in December's consumer price index (CPI). Meanwhile, the SPDR S&P 500 (ARCA: SPY) is volatile as investors shift their attention to how the Federal Reserve will respond. Four experts...
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Fed Still Needs 'Substantially More Evidence' Following 0.5% Rate Hike — Experts React With 'Famous Last Words'
Wednesday, December 14, 2022 - 4:20pm | 718The SPDR S&P 500 (ARCA:SPY) is sliding Wednesday afternoon after the Federal Reserve raised its target range for the federal funds rate by 0.5%, bringing the new target up to a range of 4.25% to 4.5%. What To Know: The Fed will continue to reduce ...
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3 Experts On What 7.1% CPI Print Means For The Federal Reserve — Is It Too Early To 'Downshift' Or Will The Fed Jumpstart A Market Rally?
Tuesday, December 13, 2022 - 1:56pm | 796The Labor Department on Tuesday reported a 7.1% year-over-year increase in the November consumer price index. The SPDR S&P 500 (NYSE: SPY) soared on the release before pulling back as investors fixate on the Federal Reserve's next move. What Happened: The headline CPI...
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Critical CPI Inflation Reading Coming On Tuesday: What Investors Should Expect
Monday, December 12, 2022 - 11:18am | 615Editor's note: this story has been updated to accurately reflect economist expectations for the November CPI readout. The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.2% on Monday ahead of a critical consumer price index (CPI) inflation reading on Tuesday morning. Economists...
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3 Experts On What 7.7% CPI Print Means For The Federal Reserve: Is A 'Dovish Fed Pivot' On The Horizon?
Thursday, November 10, 2022 - 3:16pm | 733The Labor Department on Thursday reported a 7.7% year-over-year increase in the consumer price index for October, which sparked a massive rally in the SPDR S&P 500 (NYSE: SPY). What Happened: The headline CPI rose 7.7% in October, down from 8.2% in September,...
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4 Experts On What The 8.2% CPI Print Means For The Fed & The Markets: Could 'Supersize' Rate Hike Spark 'Rude Awakening'?
Thursday, October 13, 2022 - 11:33am | 904The Labor Department on Thursday reported an 8.2% year-over-year increase in the consumer price index for September, which sent the SPDR S&P 500 (NYSE: SPY) tumbling lower. What Happened: The headline CPI rose 8.2% in September, down from 8.3% in August...
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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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'Trend Is In The Wrong Direction': Experts React To Consumer Expectations Hitting 9-Year Low
Tuesday, June 28, 2022 - 2:55pm | 547The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 1% on Tuesday after the latest reading of consumer confidence suggests U.S. shoppers are taking notice of rising prices and falling stocks. What Happened: The Conference Board's consumer confidence index dropped from 103.2 in May to...
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'Stunningly High': Experts React To 8.6% CPI Inflation, Highest In 40 Years
Friday, June 10, 2022 - 9:59am | 440The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded lower by 2% on Friday morning after the Labor Department reported an 8.6% increase in the consumer price index in the month, the highest inflation reading in any month since 1981. What Happened: The headline CPI rose 8.6% in May, up from 8.3% in...
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US Adds 390,000 Jobs In May: 'Little Solace In These Numbers'
Friday, June 3, 2022 - 10:50am | 439The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 1% Friday morning after the Labor Department reported strong U.S. jobs market numbers from May. The U.S. added 390,000 jobs in May, beating consensus economist estimates of 325,000 jobs. The U.S. unemployment rate remained at 3.6%, slightly...