Economics Archives - Page 154 of 276

2 minute read

June’s Fed Rate Hike Probabilities Jump Amid Debt Ceiling Deal Hopes: Investors On Edge As All Eyes Turn To Jobs Data

May 30, 1:04 PM

The implied odds of a Federal Reserve rate increase in June have increased according to Fed futures pricing, as a preliminary debt ceiling deal struck over the weekend added gasoline to the fire of higher-than-expected PCE inflation and Fed

SHY

2 minute read

Debt Ceiling Deal: Mapping The Key Stages Towards ‘Fiscal Responsibility Act’ Approval

By Piero Cingari

May 30, 12:10 PM

President Joe Biden and House Speaker Kevin McCarthy struck a preliminary agreement on the debt ceiling over the weekend, dubbed the "Fiscal Responsibility Act," which suspends the debt limit until 2025 and limits discretionary spending for the next two years.

BIL

3 minute read

Nasdaq Futures Soar On High Hopes For Budget Deal: Why This Analyst Sees More Gains For Rest Of Year

By Shanthi Rexaline

May 30, 6:56 AM

As the new trading week kicks off, futures are pointing to a higher opening on Tuesday, indicating that stocks are likely to build upon the positive momentum observed last week.

2 minute read

T-Bill Deluge Ahead? Why This Portfolio Manager Thinks US Could Have Its Own Bank Of England Moment

By Bhavik Nair

May 30, 4:00 AM

Otavio Costa, a portfolio manager at Crescat Capital, believes the United States is primed to have its own…

SHY

2 minute read

Why The American Dream Is Slipping Away For Many Individuals: SoFi CEO Weighs In On Harsh Realities

By Aveek Bhowmik

May 29, 7:19 AM

Anthony Noto, the CEO of SoFi Technologies Inc. (NASDAQ:SOFI), shed light on the formidable challenges faced by individuals…

SOFI

2 minute read

Gas Prices Stay Calm Over Memorial Day Weekend, But AAA Warns Of Uncertain Future

By Shanthi Rexaline

May 29, 3:09 AM

Memorial Day, which signals the start of the summer driving season, is upon us and cash-strapped consumers have…

UGA

2 minute read

Economist Says AI-Fueled Rally Is Reminiscent Of Dot-Com Era: ‘Current Environment Is Taking On A Mania Of Sorts’

By Shanthi Rexaline

May 27, 12:13 PM

The stock market came roaring back in the second half of this week, thanks to momentum from Nvidia…

NVDA

2 minute read

IMF Anticipates ‘Persistent Inflation Problem’ For US, Interest Rates To Stay At 5.5% Until 2024

By Piero Cingari

May 26, 4:21 PM

The International Monetary Fund says the U.S. economy won't escape the challenge of persistent inflation if the job market does not soften and monetary policy does not stay tight for an extended period of time. On Friday, the U.S.

GOVT

3 minute read

5 Bond ETFs To Watch As Debt Ceiling Talks Enter The Final Hours To Avoid A US Default

By Piero Cingari

May 26, 11:17 AM

The debt limit talk has reached its last and most important stage with just five days, or barely more than a 100 hours, when the U.S. Treasury may run out of money.

BLK

3 minute read

US Stocks Set To Open Modestly Higher As Debt Talks Linger: Why This Analyst Sees Headwinds Easing

By Shanthi Rexaline

May 26, 7:17 AM

Stocks are striving hard to hold on to the momentum imparted by Nvidia Corp.

BBY