ECB Hikes 0.25%, Pushing Rates To 22-Year Highs: Lagarde Says ‘We Have More Ground To Cover’
In an effort to combat elevated inflationary pressures, the European Central Bank (ECB) announced a 0.25% increase in…
Unemployment Claims Exceed Expectations, Yet Robust Retail Sales Indicate Resilient Consumer Demand
Investors absorbed key economic reports for the U.S. job market and consumer spending on the day after the…
Fed Pauses Interest Rates: A Short-Lived Break — Or The End For The Hiking Frenzy? 5 Economists React
The Federal Reserve opted to hold interest rates steady at its June FOMC meeting, as widely expected by…
Powell Keeps Hawks At Bay, Signals Fed Is Near Destination: Stocks Rebound, S&P 500 Erases Losses
In a highly anticipated press conference Wednesday, Federal Reserve Chair Jerome Powell provided insights into the central bank’s…
Powell Hits The Brakes After 10 Straight Interest Rate Increases, But Fed Signals More Hikes Coming This Year
The Federal Reserve held the fed funds rate unchanged at 5%-5.25% on Wednesday, as predicted by the market,…
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Revolutionary Shift: IEA Forecasts Peak In World Oil Demand By 2028 As EVs Disrupt Global Energy Markets – 3 ETFs Tracking EV Stocks
The International Energy Agency (IEA) has announced that global oil demand will reach its peak of 105.7 million…
‘No More Fed Hikes!’ Economist Declares End Of Inflation Frenzy, Urges FOMC To Stop Tightening Now
Renowned economist Robin Brooks, chief economist of the International Institute of Finance, tweeted that “the US inflation shock is…
Deflation Pushes Producer Prices To 28-Month Lows Ahead Of Fed’s Interest Rate Decision
U.S. producers now face the reality of deflation, as the Producer Price Index (PPI) for final demand slumped…
Copper Prices Soar, Mining Stocks Follow: China’s Fiscal Shift Drives Market Surge
Shares of global copper miners soared, pushing the sector gauge – the Global X Copper Miners ETF (NYSE:COPX)…
June Fed Meeting: How Could Markets React To The Rate Decision And Powell’s Comments?
The long-awaited Federal Reserve meeting has finally arrived. The Federal Open Market Committee (FOMC) will announce its interest…