Raphael Bostic

The major index futures are pointing to a nervous start ahead of the consumer price inflation report that is due at 8:30 a.m. EDT. Bond yields are slipping ahead of the inflation data. If the report confirms a continued let-up in pricing pressure, the Federal Reserve may be forced to cut rates....

U.S. stocks are gearing up for a nervy as index futures were seen hugging the flat line. Uncertainty, which is one of the biggest enemies of the market, has intensified on all fronts. The Federal Reserve hasn’t committed to a timeframe for starting rate cuts despite the recent soft growth...

U.S. stocks are poised to open lower on Wednesday following the boost from the tech rally in the previous session. The spotlight will likely be on bond yields, which have climbed in recent sessions on hopes of a “higher-for-longer” monetary policy stance. Traders may also draw clues...

Major U.S. index futures jumped early Thursday as Nvidia Corp.’s (NASDAQ:NVDA) earnings provided a shot in the arm for the market. A couple of market-moving economic data on the job market and the manufacturing sector and a Federal Reserve official’s speech could also affect the day...

Early Tuesday futures trading suggested a pause after the tech-driven rally of the previous session. Global cues were negative, with Asian markets retreating and European markets opening lower. Commodities dipped, and bond yields remained flat. Traders may be cautious until Nvidia...

Atlanta Federal Reserve President Raphael Bostic has indicated that a reduction in interest rates by the U.S. central bank is likely this year, though the timing and magnitude of such a move remain unclear. What Happened: Bostic, in a recent interview with Reuters, stated that despite a first...

Federal Reserve Bank of Atlanta President Raphael Bostic has reportedly revised his forecast, anticipating only one interest-rate cut this year, likely occurring later than initially anticipated. The Atlanta Fed chief previously advocated for two rate cuts in 2024, suggesting the first cut might...

The negative cloud that has enveloped the market in the new year apparently hasn’t lifted, as index futures point to a lower opening on Monday. The grounding of Boeing Co.’s (NYSE:BA) 737 MAX 9 jets following an accident involving one of its kind has impacted sentiment toward all...

Wall Street had a mixed morning session as investors carefully assessed the implications of another strong inflation report, pondering how it might influence future decisions by the Federal Reserve regarding interest rates. In September, the Consumer Price Index (CPI) surged by 3.7% year-on-year,...

Risk sentiment weakened during Wednesday trading on Wall Street, following significant gains in the previous session. This shift was triggered by higher-than-expected producer inflation, reigniting concerns ahead of the crucial consumer inflation report scheduled for Thursday. Traders were also...

U.S. stocks experienced a robust rally as of midday trading Tuesday in New York, with Wall Street mirroring the positive sentiment seen in Asia and Europe. As the conflict entered its fourth day following an unexpected attack by Hamas on Israel, recent developments in the Middle East have seen the...

It’s a red Tuesday for the U.S. stock market, with all major indices on Wall Street plummeting by over 1% during midday trading in New York. This downward spiral can be attributed to the relentless surge in yields on U.S. Treasuries. The 10-year yield has shattered the 4.75% barrier,...

The July jobs report issued Friday delivered mixed takeaways for the market, although it confirmed an overall healthy U.S. labor market. On one hand, the pace of nonfarm payrolls growth fell short of forecasts in July, with 187,000 jobs gained compared to the expected 200,000. On the other hand,...

The stock market is celebrating Wednesday after annual consumer inflation fell to 3% in June, a full percentage point lower than May’s 4% reading and below estimates of 3.1%. The annual rate of inflation has now dropped for 12 months in a row, reaching its lowest point since March 2021. The...

The stock market experienced a negative start to the week, with investors remaining fairly cautious ahead of Wednesday’s inflation report. Large tech stocks traded in the red, likely hit by weaker-than-expected inflation data in China overnight, with Amazon.com, Inc. (NASDAQ:AMZN) falling 2.3...