CPI Reactions: S&P 500 Eyes Bull Market, Dollar Sinks, Treasuries And Gold Climb As Markets Embrace Potential Fed Pause
Market risk appetite soared on Wednesday, with the U.S.
CPI Inflation Slows To 4.9% In April, Fueling Market Hopes Of Fed Rate Pause In June
The Consumer Price Index (CPI) in the United States came in at 4.9% year-over-year in April, slightly below the 5% increase seen in March and the 5% forecasted by economists.
S&P 500, Nasdaq Dabble in Bull-Market Territory: What Are ‘The Big 5 Stocks’ Pulling The US Stock Market Out of The Woods?
The S&P 500 index, which is tracked by the SPDR S&P 500 ETF Trust (ARCA: SPY), is up 7.8% year to date, while the Nasdaq 100, tracked by the QQQ Invesco Trust Series 1 (NASDAQ: QQQ) soared 19.9% this year, as AI growth and expectations on Fed rate peak
Fed Chair Jerome Powell Grapples With Record Low Confidence Levels Amid Escalating Financial Worries
American citizens' trust in Federal Reserve Chair Jerome Powell has reached an all-time low, dipping below the trust levels of any other Fed Chair in history, according Gallup survey released Tuesday. The data comes at a time when insurance costs for U.S.
Debt Ceiling Standoff Propels US Treasury Default Insurance Costs To Highest Levels Since 2009
The cost of insurance against the risk of a United States sovereign debt default reached its highest level since 2009 on Tuesday, as the protracted debt-ceiling impasse continued to keep markets on tenterhooks.<
The Clock Is Ticking: Economic Disaster Looms If Congress Fails To Raise Debt Ceiling, Treasury Secretary Yellen Warns
U.S. Treasury Secretary Janet Yellen warned Monday in a CNBC interview that the U.S.
Fed Survey On Bank Lending Conditions Reveals Exactly What Stock Investors Don’t Want To Hear
A sizable proportion of U.S.
Chinese Tech Companies Forced To Think Outside The Box To Overcome US Chip Ban In The Race For AI Supremacy
Chinese companies are being forced to get creative to overcome a U.S. tech embargo that’s choking the country…
Tech Takes Vengeance On Energy After Awful 2022, While Fed Rate Peaks And Oil Losses Shape Stock Performance
Technology stocks have taken huge revenge on energy in recent months, with the performance difference between the Technology Select Sector SPDR Fund (ARCA: XLK) and the Energy Select Sector SPDR Fund (ARCA: XLE) climbing to 27% year-to-date and 42%, respectively, from November 2022 lows.
Goldman Sachs Reiterates $100 Brent Price Forecasts, Expects Oil To Rally If US Avoids Recession
Despite the sharp declines experienced by oil prices in recent weeks, Goldman Sachs (NYSE: GS) reiterated its forecast for Brent prices at $95 dollars by December 2023 and at $100 for April 2024.