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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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'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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'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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The Market Is Now Pricing In a 1% July Interest Rate Hike Following Red-Hot CPI Inflation Reading
Wednesday, July 13, 2022 - 2:01pm | 582The U.S. Federal Reserve raised its target Fed funds rate by 0.75% in June, its first interest rate hike of that size since 1994. With this month's Federal Open Market Committee meeting just around the corner, the bond market is now anticipating a greater than 50/50 chance the Fed will ramp up...
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Federal Reserve Raises Interest Rates By 0.5% For First Time In More Than 2 Decades
Wednesday, May 4, 2022 - 2:10pm | 481The Federal Reserve raised its target fed funds rate by 0.5% on Wednesday to a new range of between 0.75% and 1.0%, its first rate hike of at least half a percentage point in more than 20 years. The Fed also said it will begin reducing the size of its balance sheet starting on June 1. “...
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US Adds 467,000 Jobs In January: 'Good For The Economy, But Not For Markets'
Friday, February 4, 2022 - 11:04am | 605The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.2% Friday morning after the Labor Department reported encouraging U.S. jobs market numbers from January. The U.S. added 467,000 jobs in January, beating consensus economist estimates of 150,000 jobs. The U.S. unemployment rate ticked...
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Experts React To 6.2% CPI Inflation, Highest Since 1990
Wednesday, November 10, 2021 - 11:23am | 548The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.3% on Wednesday morning after the Labor Department reported a 6.2% increase in the consumer price index in the month of October, the fastest inflation growth since late 1990. What Happened: The headline CPI rose 6.2% in October,...
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US Economy Adds 531,000 Jobs In October: Experts React To Booming Payroll Growth
Friday, November 5, 2021 - 9:57am | 582The SPDR S&P 500 ETF Trust (NYSE: SPY) traded slightly higher Friday morning after the Labor Department reported a strong rebound in the U.S. jobs market in October. The U.S. added 531,000 jobs in October, exceeding consensus economist estimates of 450,000 jobs. The U.S. unemployment rate fell...
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US Economy Adds Just 194,000 Jobs In September: Experts React To Second Straight Major Miss
Friday, October 8, 2021 - 9:46am | 602The SPDR S&P 500 ETF Trust (NYSE: SPY) traded slightly higher Friday morning after the Labor Department reported its second straight disappointing monthly jobs reports. The U.S. added just 194,000 jobs in September, falling well short of consensus economist estimates of 500,000 jobs. The U...
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Experts React To 5% CPI Inflation, Highest Since 2008
Thursday, June 10, 2021 - 11:34am | 634The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.5% on Thursday morning after the Labor Department reported a 5% increase in the consumer price index in the month of May, the fastest inflation growth since the summer of 2008. What Happened: The headline CPI index rose 5% in May,...