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…
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…
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…
Surprise Dip In May Inflation Raises Hopes For Pause In Fed Rate Hikes
Inflation decelerated more than expected in May, bolstering investor optimism regarding the conclusion of Fed rate hikes. The…
Higher-than-Expected Increase In Unemployment Claims Raises Alarm For Job Market
The most recent report from the Department of Labor revealed a larger-than-anticipated uptick in unemployment claims for the…
Nikkei Index Revisits Glory Days, Surges To 33-Year Highs: 5 US-Listed Japanese Stocks To Watch
The Nikkei 225 stock market index in Japan is seeing a significant rebound in 2023, recalling memories of its glory days when Japanese technology stocks dominated the global scene.
US Services Activity Expands For Fifth Month, But Shows Softening Demand
The ISM Services PMI declined from 51.9 in April 2023 to 50.3 in May, well below market expectations of 52.2, but still indicating the fifth consecutive month of expansion in the service sector.
US Dollar Rises To 10-Week Peak With Debt Ceiling Breakthrough, Rate Hike Buzz: Crucial House Vote Wednesday
The U.S. dollar has soared to levels unseen since mid-March, fueled by encouraging progress on the debt ceiling deal and mounting expectations of impending Federal Reserve interest rate hikes.
Fed’s Favorite Inflation Gauge Rises More Than Expected In April: Market Expectations Increase For June Interest Rate Hike
The Personal Consumption Expenditure (PCE) price index, the Federal Reserve's preferred measure of inflation, rose 4.4% year over year in April 2023, up from the 4.2% surge in March and above the expected 4.3% rise, the U.S.
Will Friday’s PCE Inflation Release Raise Traders’ Bets of Further Fed Rate Hikes?
The personal consumption expenditure (PCE) price index, the Federal Reserve's favored gauge of inflation, will be announced on Friday, May 26.