interest rate

The second-quarter reporting season kicks off in earnest with earnings reports from the biggest banks, and it remains to be seen if these companies set a positive tempo and reignite the buying interest in the market. Earnings Growth To Trail Broader Market: With the bulk of the S&P 500...

The stock market had a “buy-the-rumor, sell-the-news” move on Thursday after a tamer inflation data sent the major averages sharply lower, with the sell-off spearheaded by mega-caps and big techs. What Happened: The Bureau of Labor Statistics’ June consumer price inflation report...

The all-important consumer price inflation report for June is due Thursday and a bullish market strategist said the data point will likely be a “reckoning of how people view inflation and the state of the economy.” Inflation Falling: The June CPI report will show that inflation is...

Editor’s note: The story has been updated to reflect that the CPI data is due on Thursday. The all-important consumer price inflation report for June – one of the important reports due before the Federal Reserve’s July 30-31 monetary policy committee meeting – is expected on...

One of the most hawkish investment firms on Wall Street might soon revise its estimates and anticipate an earlier rate cut from the Federal Reserve if June’s new inflation figures confirm another unmistakable signal of a return towards the 2% target. Despite recent benign inflation reports,...

The U.S. stock market enjoyed an impressive performance throughout the first half of the year — the 21st best since 1900. As we move into the second half of 2024, equity investors face greater risks, according to a Goldman Sachs note issued Tuesday. Below are 10 reasons why equity analyst Peter...

U.S. equities were little moved on Tuesday as investors continued to assess the potential for interest rate cuts following the latest economic data and comments from Fed Chair Jerome Powell. Speaking at the European Central Bank (ECB) forum in Portugal, Powell welcomed recent progress on...

Economists have broadly welcomed the latest key piece of inflation data, with the Personal Consumption Expenditure (PCE) price index — commonly referred to as the Fed’s favorite measure of inflation — dropping to a 2.6% year-on-year rate in May 2024, its lowest level since March 2021. This...

Former U.S. Treasury Secretary Larry Summers has criticized the Federal Reserve’s optimistic stance on inflation, warning that the central bank is underestimating the long-term interest rates necessary to curb inflation. What Happened: Summers, speaking at an event organized by the Council on...

Moody’s Analytics’ chief economist Mark Zandi has warned of an impending recession and urged the Federal Reserve to cut interest rates. What Happened: In a tweet on Saturday, Zandi expressed concern over the slowing economy. He noted that the real GDP is projected to grow by only 1.5%...

The latest surveys by S&P Global reveal an American economy firing on all cylinders in June, with robust activity and cooling inflation creating a goldilocks environment, giving the Fed more leeway to cut interest rates. S&P Global Purchasing Managers’ Indices (PMIs) For June: Key...

Bank of America’s latest economic outlook for the U.S. paints a complex picture of steady but gradually fading economic growth, persistent inflation and a delayed start to the Federal Reserve’s rate cuts. The bank’s economist, Michael Gapen, emphasizes a “higher-for-longer...

The Congressional Budget Office (CBO) is once again sounding the alarm on the rising federal deficit, highlighting a growing financial strain for the U.S. government. Escalating interest costs are set to outpace defense spending for the first time. This trend is expected to keep budget deficits at...

Tech optimism hasn’t worn out yet, with the Nasdaq futures pointing to a strong start for these stocks, while the Dow and S&P 500 futures were modestly lower. Sentiment going into the session will largely hinge on the retail sales report that is due ahead of the market open and a slew of...

Mohamed El-Erian, the chief economic adviser at Allianz, has urged the Federal Reserve to initiate interest rate cuts to prevent potential economic instability. What Happened: El-Erian, in an opinion piece for the Financial Times, emphasized the need for the Fed to act swiftly in reducing interest...