Default X-Date Looms, Intensifying Debt Ceiling Discussions: McCarthy Says Not ‘Everybody Is Going To Be Happy’
House Speaker Kevin McCarthy said on Thursday that debt ceiling negotiators "made some progress," but open issues remain.
Unemployment Claims Fall Short Of Expectations Signaling Tight Job Market; Q1 GDP And Core PCE Revised Higher
The U.S. job market continues to display strength and durability, while both the U.S.
Traders Raise Bets On June Interest Rate Hike As Fed Officials Hints ‘We Are Not There Yet’: Dollar Strengthens, Treasury Yields Jump
Dallas Fed President Lorie Logan said Thursday that current data does not support a pause in interest rate hikes yet, leading market expectations for a Fed hike in June to increase again.
US Dollar Hits 5-Week Peak As Debt Ceiling Concerns Drive Treasury Yields Upwards
The U.S. dollar has risen to its highest level in more than five weeks, with the U.S.
Pessimism Reigns Supreme Among Fund Managers: Bank of America Survey Reveals 5 ‘Contrarian’ Trades To Watch
A survey conducted by Bank of America Corp. revealed fund managers' pessimism reached the highest level in 2023 as investors increased cash balances and became more pessimistic about growth.
Fed Officials Curb Investor Enthusiasm, Caution Against Anticipated Rate Cuts
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.
Retail Sales Rebound 0.4% In April; Investors Widely Expect Fed Pause In June
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.
US April Retail Sales: Key Takeaways
New York State Manufacturing Sentiment Plummets In May: Trouble Ahead For The ISM Manufacturing PMI?
The New York Empire State Manufacturing Index, which measures the sentiment of manufacturing executives about business conditions in the state of New York, unexpectedly plunged to negative 31.8 points in May, down from 10.8 in April and considerably below the 3.75 decline
US Producer Prices Rise Less Than Expected In April, Cementing Hopes Of Fed Hold In June
The Producer Price Index (PPI) for final demand rose 0.2% month-over-month in April, rebounding after the revised 0.4% drop in March but coming in below the expected 0.3% increase, the U.S. Bureau of Labor Statistics reported Thursday.
5 Economists On April Inflation Data: CPI Number Has Experts Joining Fed Pause Bandwagon
The latest inflation report for April released Wednesday revealed the 10th consecutive decline in the annual CPI rate, which fell from 5% to 4.9%, falling short of expectations for a 5% reading.