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6 Economists React To Robust Jobs Report: Is The Fed Hiking In June?
Friday, June 2, 2023 - 11:58am | 489The U.S. labor market is hot, beating all forecasts in May and recording its strongest performance in recent months. Nonfarm payrolls came in at 339,000 — far surpassing the expected 190,000 — it seems the labor market isn’t showing any signs of weakness. Investors now have one primary...
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PPI Inflation Data Shows Economic Undercurrents: 5 Economists On What's Next
Thursday, May 11, 2023 - 11:14am | 403The 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...
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'Big Upside Surprise': Experts React To 4.7% Core PCE Inflation As Interest Rate Expectations Continue To Rise
Friday, February 24, 2023 - 12:03pm | 555The 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...
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What 7.4% PPI Inflation Means For Investors: 'It Is Likely The Fed Will Move Ahead With Their Plans'
Friday, December 9, 2022 - 11:07am | 533The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower Friday after the U.S. Labor Department reported a 7.4% increase in the producer price index in the month of November, outpacing economist expectations. The PPI climbed 0.3% compared to October, exceeding the 0.2% monthly increase economists...
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'Eye-Popping For The Fed': 5 Experts React To November Jobs Report, What It Means For Interest Rates
Friday, December 2, 2022 - 11:39am | 751The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower Friday after the Labor Department reported strong U.S. jobs market numbers from November. The U.S. added 263,000 jobs in November, beating average economist estimates of 200,000 jobs. The unemployment rate remained steady at 3.7%, in-line with...
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Investors Abandoning Healthy Companies At Fastest Past In History: Is The Fed To Blame?
Wednesday, November 30, 2022 - 3:04pm | 488The iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSE: LQD) experienced a record $3 billion in outflows on Monday, the largest single-day exodus since the fund was launched back in 2002. Monday's big sell-off came after the LQD fund had registered six straight weeks of inflows on...
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'Position For A Recovery In The Stock Market': 8 Experts React To October Jobs Report, What It Means For The Fed
Friday, November 4, 2022 - 10:47am | 676The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher Friday after the Labor Department reported strong U.S. jobs market numbers from October. The U.S. added 261,000 jobs in October, beating average economist estimates of 205,000 jobs. The unemployment rate increased 0.2% to 3.7%, above...
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'Begin Preparing For A Recession': 8 Experts React To Jobs Report, Stock Market Sell-Off
Friday, October 7, 2022 - 1:58pm | 653The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower Friday after the Labor Department reported strong U.S. jobs market numbers from September. The U.S. added 263,000 jobs in September, beating average economist estimates of 250,000 jobs. The unemployment rate fell 0.2% to 3.5%, below consensus...
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Hot Wage Growth, 'Encouraging' Jobs Data: 5 Experts React With Interest Rates Hanging In The Balance
Friday, September 2, 2022 - 11:00am | 497The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher Friday morning after the Labor Department reported strong U.S. jobs market numbers from August. The U.S. added 315,000 jobs in August, beating average economist estimates of 298,000 jobs. The unemployment rate increased 0.2% to 3.7%, above...
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CPI Inflation Slows To 8.5% In July, Stocks Rip Higher — But Are Wages Keeping Up?
Wednesday, August 10, 2022 - 9:02am | 522The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded higher by 1% on Wednesday morning after the Labor Department reported an 8.5% year-over-year increase in the consumer price index in the month of July, a potential sign that inflation may finally have peaked. What Happened: The headline CPI rose...
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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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'Inflation's Momentum Is Still Strong': Experts React To 8.3% CPI Inflation, Higher Than Expected
Wednesday, May 11, 2022 - 9:30am | 513The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded lower by 0.6% on Wednesday morning after the Labor Department reported an 8.3% increase in the consumer price index in the month, indicating inflation remains near 40-year highs. What Happened: The headline CPI rose 8.3% in April, down slightly...
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'Warning Sign': Experts React To Surprise 1.4% Drop In US GDP
Thursday, April 28, 2022 - 3:05pm | 574The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 2.1% on Thursday after the Commerce Department said U.S. GDP declined 1.4% in the first quarter. What Happened: U.S. GDP unexpectedly declined 1.4% in the first quarter, falling well short of consensus economist estimates of 1% growth....
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'Probability Of Stagflation Is Increasing': Experts React To 8.5% CPI Inflation, Highest Since 1981
Tuesday, April 12, 2022 - 11:31am | 491The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded higher by 0.9% on Tuesday morning after the Labor Department reported an 8.5% increase in the consumer price index in the month of March, the highest inflation growth since 1981. What Happened: The headline CPI rose 8.6% in March, above...
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'Another Surprise Jump': Experts React To 7.5% CPI Inflation, Highest Since 1982
Thursday, February 10, 2022 - 10:28am | 415The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 1.3% on Thursday morning after the Labor Department reported a 7.5% increase in the consumer price index in the month of January, the fastest inflation growth since 1982. What Happened: The headline CPI rose 7.5% in January, outpacing...