El-Erian Scripts Fictional Chat Between Fed’s Powell And Markets: ‘I Expected You To Hear The Entirety Of My Remarks…’
Allianz chief economic adviser and noted economist
Is The Hedge Fund Love Affair With Tech Stocks Over? Goldman Sachs Data Provides A Clue
When the COVID-19 pandemic struck in 2020, labor, education and retail went virtual with tech companies of all stripes seeing a boom.
Big tech performed especially well and hedge funds played a significant role in the purchase of those equities.
Biden Asks Senate To ‘Act Urgently’ As Country-Wide Railroad Strike Could Inflict $2B A Day In Economic Damage
The possibility of a $2 billion a day cost to the American economy is on the line as President Joe Biden pushes for a government-led negotiation between railroad companies and rail unions.
USA Natural Gas Storage BCF(81.000B) vs BCF(84.000) Est; Prior BCF(80.000)
USA Natural Gas Storage BCF(81.000 billion) vs BCF(84.000) consensus estimate. The prior reading was BCF(80.000).
The Federal Reserve’s Preferred Inflation Data Just Cooled And Risk Assets Are Flying: What’s The Fed’s Next Move?
The SPDR S&P 500 (NYSE: SPY) is on the rise Thursday morning after the Bureau of Economic Analysis reported a 6% increase in the personal consumption expenditures price index in October.
USA Challenger Job Cuts for Nov 76.835K vs 33.843K Prior
USA Challenger Job Cuts for Nov 76.835 thousand vs 33.843 thousand prior reading.
US Stocks Return To Cautious Ways As Powell-Induced Rally Loses Steam — Salesforce, China Stocks Among Premarket Movers
The U.S. index futures point to a modestly lower opening on Thursday, as the market pauses for a breather after Wednesday’s rally.
Larry Summers Says Hard To See Wage Inflation ‘Substantially’ Subsiding With Huge Labor Supply-Demand Imbalance
Former Treasury Secretary Lawrence H.
El-Erian Says Market Reaction To Powell’s Remarks Shows Fed’s Communication Challenge: ‘The More The Chair Tilts His Remarks Dovish…’
Allianz chief economic adviser and noted economist Mohamed El-Erian has expressed concern over the market’s reaction to Federal Reserve Chair Jerome Powell’s speech on Wednesday w
New Data Shows Wage Growth Is Down: Will It Be Enough To Get The Federal Reserve To Change Course?
As the Federal Reserve continues to grapple with historically high inflation, new data shows that wage growth may finally be headed lower after accelerating for nearly two years.