The Fed still has a tightening bias, and Wall Street struggles with the tightening policy. Jerome Powell says in his Fed comments, The Fed is committed to achieving a stance of monetary policy that is sufficiently restrictive to bring inflation down to 2% over time. With these words, U.S. Federal Reserve Chairman Jerome Powell just […] More
The S&P broad benchmark struggles to keep its rally as the Fed’s monetary policy becomes uncertain for investors. The U.S. stock market is having a tough time keeping its rally up for several days. The Wall Street Journal reported that the main benchmarks are struggling amid the anticipated announcement of the FED interest rate policy. […] More
The FED chose to keep interest rates steady for the second meeting in a row, and the bond market failed hours after the decision. The news titles on yesterday’s Fed meeting decision were highlighted as benign, cautious, and movingly careful. For the second meeting in a row, the U.S. central bank kept the benchmark interest […] More
The stock market rises as the Federal Reserve deals with uncertainty and mixed economic signals. With the latest monetary policy meeting of the Fed in focus, it is expected that the U.S. Federal Reserve will raise its key interest rates to the usual rate. The FOMC bets on 5.25%–5.50% for the second straight meeting. Yet […] More
The U.S. stock index futures rose, potentially reversing the broader market’s second consecutive week of declines. Major indices saw significant declines on Wednesday, with the Nasdaq declining by 1.7%, the S&P down 0.9%, and the Dow falling 0.8%. The Nasdaq is on track for a third consecutive weekly loss, with a total weekly loss of […] More
The U.S. GDP Soars While Wall Street Falters Amidst Tech Giants’ Struggles The third quarter is still in focus, and investors are still digesting the macroeconomic changes. On Thursday, October 26th, Wall Street Min indexes fell amid mixed sentiments hours after the release of the economy. GDP growth and economics Beating market expectations, the U.S. […] More
China restricts exports of graphite, a key material for electric-vehicle batteries, and Wall Street sinks In this week’s last trading session, Wall Street fell as Treasury yields spiked, while the Chinese authorities moved to restrict the export of graphite. China restricts exports of graphite, a key material for electric vehicles. By restricting graphite exports, China […] More
Wall Street main indexes jump as hope of an interest rate hike pause increases. Traders’ optimism about the percentage of an interest rate hike pause just rose from the previous 50% to above the 65% chance. The increase in the interest rate hike pause rose after Federal Reserve Chairman Jerome Powell said that they would […] More
Wall Street was mixed hours after major banks released their earnings reports. Three major Wall Street banks are reporting Q3 earnings today: JPMorgan Chase, Wells Fargo, and Citigroup. The reports released by JPMorgan Chase and Wells Fargo beat market expectations. Despite market fears and the effects of inflation and higher interest rates on consumer behavior, […] More
Rising rental costs pushed the consumer price index higher last month, and Wall Street showed its fears. During the opening trading hours of Thursday, October 12th, Wall Street was slightly lower. On the other hand, crude oil prices posted a total 10% decline this week, lowering their range price to $82 per barrel. On Thursday […] More
The U.S. Department of Labor surveys everyone, and Wall Street is happy with the news. Investors turn their attention to the latest report released by the U.S. Department of Labor, a report that will most likely affect 90% of the FED interest rate hike decisions. September’s job reports came in bitter that market explanation, increasing […] More
Wall Street fell, and oil dropped by another 2% as the bond market selloff frustrated investors’ hopes of an economic soft landing. In the futures market at 6:30, the Dow is showing a decline of 0.3%, the S&P is down by 0.2%, and the Nasdaq is slightly lower at 0.1%. The decline in Wall Street’s […] More