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Stocks rallied, with the SPDR S&P 500 ETF Trust (ARCA: SPY) and the tech-heavy Invesco QQQ Trust, up 0.9% and 1% at last check Tuesday.
03-13 00:45
Economists predict a marginal decrease in the annual CPI inflation rate from October's 3.2% to 3.1%. Core CPI rate is expected to hold steady at 4%. Sector-specific ETFs experienced notable changes with TAN, KRE, XLRE, ARKK and GDX leading the pack.
2023-12-12 02:48
This latest jobs report could potentially jeopardize aggressive market bets on a wave of Federal Reserve interest rate cuts in 2024 that are driven by concerns about an economic slowdown.
2023-12-08 21:39
Dollar index inched higher as equities took a breather. Investors wonder if Fed rate cut expectations becoming overstretched.
2023-12-04 23:57
US economy displayed robust growth in Q3 2023, surpassing estimates with 5.2% annualized GDP growth. Private inventory investment, consumer spending, and exports all contributed to the growth.
2023-11-29 22:41
On Wednesday, the Bureau of Labor Statistics is set to unveil the eagerly awaited Producer Price Index (PPI) report for September, a day before the widely-followed Consumer Price Index (CPI) report.
2023-10-11 04:56
The personal consumption expenditure (PCE) price index, the Federal Reserve's favored gauge of inflation, will be announced on Friday, May 26.
2023-05-26 00:34
Recent statements from Fed members have been more hawkish than expected, dampening the market's enthusiasm for a rate-cutting cycle to begin later this year.
2023-05-16 22:57
Retail sales increased 0.4% in April on a month-over-month basis, according to the the advance estimates released Tuesday, rebounding from a revised 0.7% decline recorded in March but falling short of the expected 0.8% increase<
2023-05-16 20:50
The global dominance of the US dollar is not in any way under threat, as no other currency alternatives are available.
2023-05-05 01:21