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Traders' Bets On Fed's Next Moves Shake Market Amid OPEC+ Production Cuts And Recession-Like ISM PMI Number
Monday, April 3, 2023 - 12:20pm | 572Investors' expectations for the Federal Reserve's next moves are facing hours of uncertainty as a result of the events that rocked markets Monday. OPEC+ announced voluntary production cuts of 1.16 million barrels per day, sending oil prices up 7% today, the greatest daily rise in a...
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Inflation Slowing On The Consumer End As Market Awaits Tomorrow's Report On Producer Costs
Wednesday, August 11, 2021 - 10:21am | 2118These days, monthly inflation reports carry almost as much weight in the market as monthly job reports. Today’s consumer price index for July came in around expectations, meaning the impact on Wall Street might not be too heavy. Consumer prices rose 0.5%, right on target with the average...