US Manufacturing Suffers 13-Month Contraction Streak In November, Falling Short of Forecasts
Manufacturing struggled in November 2023; ISM PMI remained in contractionary territory. New orders and production dipped, while prices rose.
Dollar Dumps In November As Fed Rate Cut Optimism Increases
Dollar index falls 3.1% last month, while the S&P 500 stock index climbs 8.9%
We Are Now At The ‘Soft Landing’: Economists, Markets React To Subdued PCE Inflation Data
The PCE inflation rate eased from 3.4% to 3% in Oct., returning to June 2023 levels. Traders expect a 77% likelihood of a rate cut by May 2024, with mixed market reactions.
Fed’s Favorite Inflation Gauge Arrives Thursday: Will Data Bolster Bets On 2024 Interest Rate Cuts? Plus: 5 ETFs To Watch
The Bureau of Economic Analysis will release the PCE index, an inflation indicator closely watched by the Federal Reserve, on Thursday. Economists forecast a 3% year-on-year increase and a 0.1% month-over-month rise.
Stocks Drift Higher On Stronger GDP Data, Oil Rebounds As OPEC+ Mulls Cuts: What’s Driving Markets Wednesday?
Stocks are experiencing their 16th green session out of the 20 so far in November, with the S&P 500 index reaching its highest level since early August, and the Nasdaq 100 just 4.4% below its all-time highs set in November 2021.
10 High-Yield CDs With APYs Above 5% Offer Savers Superior Returns Over Treasuries
CD rates have surged due to Fed rate increases, with Bankrate's avg 1-year APY at 5.27%. CDs now more lucrative than government bonds or ETFs like SHY.
November Rally Sets Treasury Bonds On Track For Best Month In 40 Years
Growing optimism that the Fed's next move will be a rate cut fuels bond rally.
US GDP Growth In Q3 Tops Expectations, Highest Since Q4 2021
US economy displayed robust growth in Q3 2023, surpassing estimates with 5.2% annualized GDP growth. Private inventory investment, consumer spending, and exports all contributed to the growth.
US Stocks Rebound As Treasury Yields, Dollar Fall On Dovish Fed Remarks, Gold Hits $2,040: What’s Driving Markets Tuesday?
U.S. stocks experienced a welcome resurgence on Tuesday, buoyed by the latest comments from Federal Reserve officials.
US Stocks Slip, Tech Rises On Solid Holiday Sales, Treasury Yields Soften: What’s Driving Markets Monday?
U.S. stocks are kicking off the week with a slight dip, as all major indices trade in the red in New York, except for the tech stocks of the Nasdaq 100, which are showing positive momentum following the release of encouraging data after Black Friday.