Fed’s Waller Sends Shiver Down Investors’ Spines: ‘There Is No Rush To Cut’ Interest Rates
Waller opposes rate cuts and has a cautious approach to Fed interest rates. Uncertainty in inflation progress, data-driven policy.
US Economic Growth Upwardly Revised To 3.4% In Q4, Jobless Claims Slow: Thursday’s Economic Digest
US GDP revised upward in Q4 2023 but still slower than previous quarter. Weekly jobless claims lower than expected. USD index up 0.3% on hawkish Fed remarks.
Golden Cross Pattern Emerges In US Energy Stocks: Goldman Sachs Names 5 ‘Top Upstream Oil Picks’
US energy stocks form 'golden cross,' signaling potential uptrend continuation, with Goldman Sachs bullish on oil prices and top picks.
Small Caps Rally, Magnificent 7 Ease, Gold Eyes $2,200, Bitcoin Falls Below $69,000: What’s Driving Markets Wednesday?
Wall Street witnessed a mixed session on Wednesday morning trading, with tech giants seeing slight declines while blue chips and small caps recording gains.
Investors On Edge With Consumer Inflation Data Due Friday, Rate Cut Hopes Hang In The Balance
Investors await February's PCE inflation data, key for Fed's rate cut expectations. Economists predict slight increase in annual and monthly PCE and steady core PCE inflation. Market reactions could vary depending on report's outcome.
Manufacturing Rebound Puts Markets Between ‘Goldilocks’ And ‘Reflation Flirtation’: Goldman Sachs
Goldman Sachs predicts a favorable juncture for risky assets as global manufacturing activity aligns with service sector growth, bolstering investor confidence.
Gold Mining Stocks Eye Best Month In A Year As ‘Golden Era’ For The Precious Metal Looms
Gold mining stocks soared in March 2024 due to lower interest rates and central bank demand. VanEck GDX ETF saw 13% rally, outperforming other industries.
Wednesday Watch: Awaiting Fed Minutes And Nvidia’s Earnings For Market Direction
Investors' focus on Fed minutes & Nvidia's earnings. Fed maintains rates & positive economy, while Nvidia's EPS & revenue expected to surge.
Chinese Stocks Decline Despite Aggressive Banking Move To Revitalize Troubled Property Sector
Chinese stocks drop despite interest rate cut, as market remains pessimistic amid broader tech downturn and uncertain Fed policies.
Banking Giants Confront Rising Delinquencies In Commercial Real Estate Sector
Commercial real estate industry is experiencing bad loans exceeding reserve losses for banks like JPM, BAC, WFC, C, GS, and MS, raising regulatory concerns.