Econ #s Archives - Page 6 of 61

2 minute read

Bank Of America Strategist Shifts To Bonds: Stock Sell-Off Prophecy On Benign Inflation Comes True

May 31, 12:41 PM

Bank of America's chief investment strategist turns bullish on bonds, expects stock market sell-off. Advises to buy dip in bonds and sell first cut for stocks.

QQQ

4 minute read

Are Rate Cuts Imminent After Fed’s Preferred Inflation Data Holds Steady? ‘Be-Careful-What-You-Wish-For Moment’

By Piero Cingari

May 31, 11:05 AM

Slowing consumer spending could lead to lower inflation. And if the Fed "can cut slowly as a result" then that will be good for markets.

SPY

2 minute read

Fed’s Preferred Inflation Gauge Matches Estimates; Personal Income, Spending Slow More Than Predicted

By Piero Cingari

May 31, 8:43 AM

The headline inflation rate held steady at 2.7% year-on-year in April 2024, matching economist expectations.

SPY

2 minute read

Fed’s Favorite Inflation Data Due Friday: How Could Markets React To Surprises?

By Piero Cingari

May 30, 3:09 PM

The highly anticipated PCE price index, a key measure of inflation, will be released on Friday. Investors await the data, which could impact interest rates and asset prices.

AMZN

2 minute read

Tech, Blue Chip Stocks Drop; Small Caps, Real Estate Rebound As Yields Ease; Solar Industry Shines: What’s Driving Markets Thursday?

By Piero Cingari

May 30, 1:57 PM

Wall Street experienced another decline on Thursday, with major large-cap indices affected by a downturn in the tech and communication services sectors. Investors shifted their focus to market areas that have underperformed compared to tech over the past year, such as small caps, real estate and solar stocks.

3 minute read

Is Q1 GDP Data Easing Pressure On Fed To Cut Interest Rates? 5 Economists Weigh In

By Piero Cingari

May 30, 11:25 AM

U.S. economy grew at 1.3% in Q1, slower than expected. Inflation may continue to decline, easing pressure on Fed to cut rates. Experts have mixed views on potential impact.

IEF

2 minute read

US Q1 Economic Growth Downwardly Revised To 1.3%: Consumer Spending Falters

By Piero Cingari

May 30, 8:45 AM

US Q1 2024 economic growth was upwardly revised to 1.7% with higher inflation, while jobless claims rose to 220,000, slightly above expectations.

GLD

3 minute read

Fed Beige Book Shows Modest Economic Expansion Ahead Of Key GDP, Inflation Data Release

By Piero Cingari

May 29, 3:52 PM

The Fed's latest Beige Book shows modest economic expansion, with slight job gains and moderate wage growth. Prices remain stable.

SPY

3 minute read

How To Trade US Elections: ‘A Trump Victory Is Likely To Lead To A Stronger Dollar’

By Piero Cingari

May 29, 12:33 PM

US election in November 2024 is expected to be a major risk event for asset markets in 2024. Goldman Sachs outlines potential impacts based on election outcomes.

UUP

4 minute read

FDIC Quarterly Banking Profile First Quarter 2024; Banking Industry’s Net Income Of $64.2B In Q1, An Increase Of 79.5% From The Prior Quarter

By Benzinga Newsdesk

May 29, 10:07 AM

https://www.fdic.gov/news/speeches/fdic-quarterly-banking-profile-first-quarter-2024 Good morning and welcome to our release of first quarter 2024 performance results for FDIC-insured institutions. The banking

KBE