Government Shutdown, Rate Hike Warnings And Jamie Dimon’s Warning On Fed: This Week In Economics
As we wrap up another eventful week, let’s take a moment to revisit some of the most notable…
August PCE Inflation Report: Headline Matches Forecasts At 3.5%, Core Falls To 3.9%
The Personal Consumption Expenditure (PCE) Price Index report for August — the Fed’s preferred inflation gauge — released…
S&P 500, Nasdaq Futures Point To Strong Open Ahead Of Key Inflation Data: Analyst Says New Market Surge Coming In Q4
The late-week revival seen in the market could continue in the final session of the week, as stock futures are firmly in the green.
US Economy Grows By 2.1% In Q2, Lower-Than-Expected Initial Claims Signal Tight Job Market
Thursday’s economic data featured notable highlights: a 2.1% annualized growth rate for the U.S. economy in the second…
Nasdaq, S&P 500 Futures Show Edginess As Bond Yields Continue To Surge; Analyst Says Be ‘Locked And Loaded’ In These Stocks Ahead Of Earnings Season
Stock futures point to a marginally higher open on Thursday, although rising yields could act as a dampener.
Mike Pence Would Get Rid Of Jerome Powell If Elected President: ‘We Need Fresh Leadership At The Fed’
A Republican candidate in the 2024 presidential race has been criticizing the Federal Reserve and Chairman Jerome Powell, suggesting that the recent actions of the Fed and the potential replacement of Powell could emerge as key topics in the 2024 election discourse.
Government Shutdown May Not Prompt Instant Recession, Say Economists
Economists say short-term shutdowns in the past typically had a minor effect on the economy, but it shutdowns extend, they could detrimentally impact economic growth.
Kashkari Takes Hawkish Stance At Fed, Expects Further Rate Hikes And No Cuts In 2024
Kashkari prefers additional interest rate hikes and displays a commitment to keeping them at high levels over an extended duration.
S&P 500, Nasdaq Set To Rebound Despite Soaring Bond Yields: Analyst Warns Of Volatility Persisting Through Year-End
With interest rate worries preoccupying minds of traders, sentiment remains guarded ahead of Wednesday's session.
Jamie Dimon Warns Of Economic Turmoil If Fed Raises Interest Rates To 7%: ‘That Will Be The Tide Going Out’
While speaking with The Times of India, JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon has issued a…