Chris Zaccarelli

The U.S. economy is much stronger than people realize, Chris Zaccarelli, chief investment officer for Independent Advisor Alliance, said on Thursday. To the extent that markets were worried about a growth slowdown, Zaccarelli added, they “should breathe a sigh of relief” after this...

Sentiment will likely reverse course, with the index futures trading notably lower early Wednesday. The recent run-up ideally should render the mood cautious, and the caution may intensify as the first AI-levered chip company from across the Atlantic reported second-quarter results that were not...

Inflation may stay elevated beyond people’s expectations, according to economists. What Happened: The Producer Price Index released Friday showed a higher-than-expected increase in June. The results surprised investors. Observers anticipate rate cuts on the horizon after a larger-than-...

Consumers are slightly more concerned over the economy this month as they assess current business and labor market conditions, according to data released Tuesday. The Conference Board said its Consumer Confidence Index dipped from 101.3 in May to 100.4 in June, while its Present Situation Index —...

U.S. stocks are poised for a cautious start on Friday as concerns about rising interest rates return. Traders are waiting for a significant catalyst to propel the market higher after its recent record run. A potential resumption of the meme stock rally could inject support into the small and mid-...

Traders woke up on Wednesday to new updates on last month’s inflation and retail sales trends, indicating slowing price pressures and a weaker-than-expected consumer spending in the U.S. As a reminder, the headline inflation rate slowed as predicted from 3.5% to 3.4% year-on-year in April...

In its latest policy meeting on Wednesday, the Federal Reserve opted to maintain its benchmark interest rates at 5.25%-5.50%, aligning with market predictions but offering a cautious stance on the return the 2% inflation target, noting that there has recently been “a lack of further progress...

U.S. stocks seem poised for a higher open on Friday, buoyed by optimism surrounding upcoming earnings reports as the tech reporting season kicks off next week. Encouragement is also drawn from Congress’s agreement on a bill to fund the federal government until early March. Additionally, the...

Stocks were surging on Tuesday, fueled a lower-than-expected Consumer Price Index (CPI) report in October, cementing market bets on the end of Fed rate hikes. The headline CPI index held flat on a month-over-month basis in October, while it climbed 3.2% on an annual basis, below forecasts of a 3....

Risk appetite saw a setback during the final session of the week as stock markets dipped in response to a renewed surge in inflationary pressures. Oil prices made a notable climb, with the WTI benchmark rising to $90 per barrel. The strike launched by the United Auto Workers union against the major...

The August jobs report released by the Bureau of Labor Statistics on Friday showed job creation outperformed expectations, but the unemployment rate edged up and wage growth moderated more than anticipated. Here's what you need to know about the report, what economists think about the data and...

The S&P 500 leaped higher in early Thursday trading action even though the Federal Reserve's favored inflation measure, the Personal Consumption Expenditures (PCE) price index, recorded a year-on-year increase of 3.3%. The PCE for July came in higher than June’s 3% and matched economists...

In a keenly-watched address at the Jackson Hole Economic Policy Symposium, Federal Reserve Chair Jerome Powell set the stage for potential interest rate hikes, reiterating the Fed’s commitment to price stability. Wall Street, always ready to interpret and forecast based on Fed speak, has a...

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,...