The Stock Market Continues to Reach New Record Highs The stock market achieved another milestone as it reached new record highs, signaling continued growth and momentum in the market. Last week, both the S&P 500 and Nasdaq reached their highest levels ever, contributing to the stock market’s exceptional performance. Interestingly, the S&P 500 has seen … Read more
Crucial Inflation Report: PCE Index Hits Lowest Level in Three Years The Fed’s Preferred Inflation Gauge Hits Lowest Level in Three Years Personal Consumption Expenditures Index Shows Decline The Fed’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, reported a slight decline in January, aligning with Wall Street’s expectations. Notably, this decline resulted in … Read more
Jerome Powell Plans to Cut Interest Rates Despite Persistent Inflation Jerome Powell Plans to Cut Interest Rates Despite Persistent Inflation Published: Feb. 17, 2024, 4:04 p.m. ET By John Doe Business Wall Street Fed watchers believe that Jerome Powell will cut interest rates at least twice this year despite signs of persistent inflation. REUTERS Federal … Read more
US Inflation Expected to Continue Slowing, Paving the Way for Potential Rate Cuts US Inflation Expected to Continue Slowing, Paving the Way for Potential Rate Cuts Bloomberg – The pulse of US inflation likely continued to slow at the start of the year, helping to feed expectations that the Federal Reserve will find interest-rate cuts … Read more
Earnings Beat and Weak Demand Pose Questions Amidst Uncertainty in Fed Interest Rates Earnings Beat and Weak Demand Pose Questions Amidst Uncertainty in Fed Interest Rates Earnings Exceeding Expectations But Uncertainty Looms With uncertainty about when the Fed will cut interest rates and concerns over the impact of the Federal Reserve holding interest rates at … Read more
Article Walmart shares are higher after 3-for-1 split announcement Walmart shares have risen after the announcement of a 3-for-1 stock split. The split aims to make the stock more accessible to a wider range of investors. This move is seen as a positive indicator of the company’s performance and investor sentiment. Novo Nordisk beats expectations … Read more
Stocks Hover Near Record Highs as Busy Week for Investors Begins Earnings from five of the “Magnificent Seven” tech stocks – Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT), Amazon (AMZN), Meta (META) – are set to highlight a packed week of quarterly reports, as stocks continue to trade near all-time highs. The S&P 500 and … Read more
US Federal Reserve Governor US Federal Reserve Governor Jerome Powell’s press conference included the following points: First: The US Federal Reserve Governor reads the interest statement: The US Federal Reserve is committed to returning inflation towards its specified target and optimal exploitation of the labor market. It is natural to look at what has been … Read more
Finance Tokyo, Hong Kong and mainland China start with a minus sign. Focus on US work 2′ reading Asia starts with a minus sign, in the wake of the contraction of stock indices on Wall Street and awaiting indications from the US labor market. The Tokyo Stock Exchange is down: at the opening the Nikkei … Read more
Investors will be keeping an eye on Federal Reserve Chairman Jerome Powell’s statement today for signs of the Fed’s interest rate direction. Before the Fed begins its Blackout Period tomorrow. Mr. Powell is scheduled to speak at two rounds of talks today to be held in Atlanta, Georgia, with the first round starting at 11:00 … Read more