Fed Likely to Want Further Evidence of Inflation Slowdown

Fed Likely to Want Further Evidence of Inflation Slowdown

A slowdown in inflation last month, following recent indications of a robust labor market, complicates the Federal Reserve’s decision on how much to raise interest rates next month. Data on inflation and economic activity are likely to guide whether central bank officials lift their benchmark federal-funds rate by a half-percentage point or three-quarters of a … Read more

Dow Shoots Higher, Tesla Gains

Dow Shoots Higher, Tesla Gains

Text size Traders working at the New York Stock Exchange (Photo courtesy of NYSE) The Dow Jones Industrial Average surged nearly 500 points as investors hope that inflation has peaked. In midday trading, the Dow has risen 494 points, or 1.5%. The S&P 500 was up 2% and the Nasdaq Composite has gained 2.7%. The … Read more

Stock-market investors cheer July inflation data. Big-name firms like PIMCO aren’t so sure.

Stock-market investors cheer July inflation data.  Big-name firms like PIMCO aren’t so sure.

Wednesday’s release of the consumer-price index report for July contained enough downside surprises to give stock investors hope the worst of inflation may be behind. Yet an undercurrent of worry remained at big-name firms like PIMCO, where the focus was on stickier components of the data that may only get worse. According to PIMCO economists … Read more

Don’t be fooled by a drop in US headline inflation. Markets will be tuned to another figure on Wednesday.

Traders, investors and economists are all counting on Wednesday’s consumer-price index report to show a decline in the annual headline US inflation rate for July. But there’s another figure buried in the consumer-price index data that has the propensity to jolt markets. It’s called the core year-over-year CPI reading, a measure which strips out volatile … Read more

Don’t be fooled by a drop in US headline inflation. Markets will be tuned to another figure on Wednesday.

Traders, investors and economists are all counting on Wednesday’s consumer-price index report to show a decline in the annual headline US inflation rate for July. But there’s another figure buried in the consumer-price index data that has the propensity to jolt markets. It’s called the core year-over-year CPI reading, a measure which strips out volatile … Read more

Goldman Sachs says it’s too soon for markets to be trading `a full Fed pivot’

Just ahead of Wednesday’s widely anticipated US consumer-price index report for July, a pair of Goldman Sachs analysts are warning the US’s near-term inflation picture “is likely to remain uncomfortably high” and that financial markets are “more vulnerable” to upside surprises than before. The reason is that, for the past month or so, markets have … Read more

Tech Stocks Lead Market Lower as Investors Await Inflation Data

US stock indexes were lower Tuesday as investors monitored earnings reports and economic data ahead of inflation figures due later in the week. The S&P 500 slipped 0.4%, a day after the broad index finished with modest losses. The Dow Jones Industrial Average slipped 0.1% while the technology-heavy Nasdaq Composite fell 1.4%.

Stocks Finish Mixed With Earnings in Focus

US stocks wavered Monday as investors reviewed a series of earnings reports for insight into the impact of higher inflation on companies and consumers. The S&P 500 fell 5.13 points, or 0.1%, to 4140.06. The Nasdaq Composite retreated 13.10 points, or 0.1%, to 12644.46 after spending much of the afternoon hovering between gains and losses. … Read more

Weak Growth, Tight Job Markets Are a Global Phenomenon

From Berlin to Tokyo to Wellington, economic growth is slowing or turning negative across advanced economies, yet labor markets remain historically tight. Talk of a “jobful recession” has centered on the US, where payrolls grew by more than half a million in July and the unemployment rate declined to its prepandemic low of 3.5% even … Read more

July 21 Was A Significant Day for the Gold Futures Market – Barchart

July 21 Was A Significant Day for the Gold Futures MarketBar chart