Dow Dropped More than 400 Points, Heading for Worst Day in Over a Month
U.S. stocks fell sharply on Wednesday, October 23, with the Dow Jones Industrial Average on track for its worst day in over a month, as higher Treasury yields weighed on market sentiment.
Chip Stocks Fall as ASML's Weak Outlook Raises Concerns of Non-AI Chip Demand
Semiconductor stocks in the United States and Asia fell after chip equipment maker ASML (ASML) cut its annual sales forecast over weak non-AI chip demand.
U.S. Economy and Macro Week Ahead: Key Events No-one should Miss
It starts in the week ahead with the central bank's annual conclave in Jackson Hole, Wyoming, continues in the first week of September with a seemingly make-or-break jobs report.
Weak Jobs Report Shows ‘There’s a Strong Case’ for Fed Rate Cuts before Next Meeting
Wall Street has ramped up forecasts on how much the Federal Reserve will cut interest rates after the disappointing July jobs report raised fears of a recession, and a JPMorgan economist said there’s even an argument to be made for an unscheduled cut.
US Economy Showing Signs of 'Goldilocks' to Start Third Quarter
The U.S. economy continues to show signs of resilient growth while inflation pressures subside.
Five of 12 Fed Districts Report Flat or Declining Economic Activity, Beige Book Finds
U.S. economic activity seemed to soften in the past two months, with five of the Federal Reserve’s 12 regions reporting flat or declining activity, a Fed survey released Wednesday found.
June U.S. Jobs Report Raises Pressure on Fed for September Rate Cut
The June jobs report sent a clear message to the Federal Reserve — the central bank risks falling behind the curve.
Fed's Favorite Inflation Reading Highlights Last Week of Q2
Friday June 28 will bring investors the May reading on the Personal Consumption Expenditures (PCE) price index, the Fed's preferred inflation measure, which should show prices on a "core" basis — which excludes food and energy — rose 0.1% last month
Non-Farm Payrolls Mislead: The Labor Market Is Weakening; Inflation Is Falling
The big economic news of the week was the +272K rise in Non-Farm Payrolls (NFP) (released on Friday, June 7).
U.S. Corporate Profits Unexpectedly Fell in Q1
Q1 U.S. Corporate Profits (revised) came in at -1.7% QoQ to $3.93 trillion, vs. +3.9% expected and +3.7% in prior quarter.
As U.S. Debt Soars past $34 Trillion, Congress has Killed Off its Plan to Tackle the Crisis
The then newly elected House of Representatives’ speaker said in October to establish a bipartisan commission to tackle the federal government’s growing $34.6 trillion in debt.
US Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes
U.S. economic growth slid to an almost two-year low last quarter while inflation jumped to uncomfortable levels, interrupting a run of strong demand and muted price pressures that had fueled optimism for a soft landing.
Latest U.S. Inflation Report Showed Rising Prices Continue to Weigh on American Consumers
The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, was up 2.5% for the 12 months that ended in February, a faster pace than January’s 2.4% rise in prices.
Fed-Favored Inflation Gauge Seen Rising Most in a Year
Underlying U.S. inflation probably rose in January by the most in a year, as tracked by the Federal Reserve’s preferred metric, highlighting the long and bumpy path to taming price pressures.