The stock market’s recent rally continued Monday, with the major market indexes closing today at their https://www.mercedesbenzclub.it/forum/memberlist.php?mode=viewprofile&u=107989 highest levels since late August. The gains came ahead of tomorrow morning’s release of the August …
Larry Summers Says The New Inflation Data Won’t Derail The Fed From A Jumbo Interest Rate Hike In September
CNN and WarnerMedia News & Sports may use my email address along with my interests, interactions, and device data to send me tailored email and other offers through social media or other sites and apps. Carl Weinberg, chief economist at High Frequency Forex Economics, says inflation news is “not that bad right now.” Consumer-price figures for August could influence the speed and pace of interest-rate increases by the Federal Reserve. There’s no such thing as a perfect high-income investment.
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- Oracle Stock Gains As Cerner Lifts Q1 Cloud Sales, Adds To Solid 2023 Outlook”We continue to expect organic revenue growth in our cloud business will accelerate substantially,” said CEO Safra Catz.
- This superbull at JPMorgan who called the summer rally sees a soft landing ahead.
- BEIJING — Global stocks and Wall Street futures were higher Tuesday ahead of data traders hope will show that surging U.S. inflation eased in August, reducing pressure for more interest rate hikes.
- Crude oil refining capacity has shrunk by a record 3.8 million barrels per day from March 2020 to mid-2022 as demand expanded, setting the stage for fuel markets to remain very tight until at least mid-…
IBD stocks showing strong relative price strength and top fundamentals. Get unlimited access to IBD’s stock idea lists, exclusive ratings and unmatched market analysis. Lots happening in the news, so today, let’s bounce around to several stories impacting your portfolio. Last Friday, we learned the 30-year fixed rate mortgage has climbed back to a 52-week high. Credit Suisse expects the Federal Reserve to pause interest rate hikes https://twitter.com/forexcom?lang=en in four to six months due to tumbling inflation. The Federal Reserve will deliver another 75-basis-point interest rate hike next week and likely hold its policy rate steady for an extended period once it eventually peaks, according to a Reuters poll o… The avoidance of a global recession, along with moderating inflation and wage pressures, should continue to provide tailwinds for risky assets, say JPMorgan strategists.
Amid Scary Markets, Play The Long Game
Other market data may be delayed by 15 minutes or more. If investors are apprehensive about Tuesday’s consumer price index report, they weren’t showing it Monday. The post Stock Market Looks Good Right Now, But That Could Change With This Report appeared fir… Strategists at JPMorgan Chase & Co. see a soft landing becoming the more likely scenario for the global economy, which will continue to provide tailwinds for risky assets. Falling inflation expectations could spur the Federal Reserve to end its rate hikes in the spring, lighting a fire under stocks, Golub said. Bear markets occur when stocks are declining for a period of time.
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Apple, Vertex In Focus As Indexes Rise Ahead Of Key Inflation DataThe stock market continued to rise on Monday as investors wait for the latest consumer price index data. The latest reading on consumer inflation is due Tuesday. Apple stock is back above its 50- and 200-day lines in a strong move with volume behind it. VRTX stock also broke a downtrend to climb above its 50-day moving average. U.S. stock index futures edged higher on Tuesday as investors awaited key inflation data that could provide cues for how fast and how long the Federal Reserve will hike interest rates in its battle to c… The dollar nursed losses on Tuesday ahead of U.S. inflation data that investors hope might show some signs of softening, while the euro rose on hawkish comments from policymakers that rates would need t…