Fed’s rate decision will rock markets this week  TheStreet Fed Ready to Unshackle US Economy With Soft Landing at Stake  Bloomberg Buckle up for this 36-hour span that will soon take markets on a rollercoaster ride  Fortune Next Fed Meeting Will Be A Big Surprise. Here’s Why.  Investor’s Business Daily
In a highly anticipated report, the Consumer Price Index (CPI) revealed inflation cooled to 2.5% in August, the lowest rate since February 2021. However, a slight uptick in core inflation—a key measure that excludes food and energy prices—raised concerns on Wall Street.  0.3% monthly increase in core inflation exceeded economists’ forecasts and prompted traders to
U.S. economy added 142,000 jobs in August, coming in below expectations, while the unemployment rate dropped slightly to 4.2%, according to the latest report from the Bureau of Labor Statistics (BLS) released Friday. Economists had forecast a gain of 165,000 jobs for the month, but labor market growth came in lower than anticipated, pointing to
Global markets took a hit on Wednesday as concerns over the world’s largest economy deepened, following subdued US manufacturing data and significant losses in the tech sector. UK shares opened lower, following drops in Asian and US markets. By midday, the FTSE 100 index had fallen by 0.55%, reflecting a broader downward trend in Europe.
Eugene Fama, one of the most influential financial economists of our time, has made a lasting impact on the field of finance with his Efficient Market Hypothesis (EMH). Fama, a professor at the University of Chicago, developed this idea in the 1960s, positing that stock market prices reflect all available information at any given time.
Nvidia’s journey over the past two years has been nothing short of a financial roller coaster. As the primary beneficiary of the artificial intelligence (AI) surge, Nvidia saw its market capitalization skyrocket nearly ninefold since late 2022. This meteoric rise, which saw the company briefly become the world’s most valuable public entity in June, has
In a much-anticipated address at the Federal Reserve’s annual Jackson Hole symposium, Fed Chair Jerome Powell laid the groundwork for potential interest rate cuts, signaling a shift in the central bank’s focus as inflation shows signs of moderation. However, Powell refrained from providing specific details on timing or extent of se cuts, emphasizing that future
US Stocks Soar: S&P 500 and Nasdaq Extend Winning Streak Amid Economic Optimism New York, August 2024 — US stocks closed at session highs on Monday, continuing a robust rally from last week.  S&P 500 (^GSPC) gained nearly 1%, while the Dow Jones Industrial Average (^DJI) rose by 0.6%.  tech-heavy Nasdaq Composite (^IXIC) led the
The U.S. stock market saw a significant rally on Thursday, propelled by better-than-expected corporate earnings and encouraging economic data.  Nasdaq Composite jumped by over 2.3%, the S&P 500 rose by 1.6%, and the Dow Jones Industrial Average gained approximately 550 points, marking a 1.4% increase. Retail giant Walmart led the charge, with its stock surging
Wall Street remains on edge as concerns over the health of the U.S. economy and American households weigh on market sentiment. Last week, U.S. stocks faced volatility, with the S&P 500 declining by less than 0.1%, the Nasdaq Composite falling 0.2%, and the Dow Jones Industrial Average dropping 0.6%. the upcoming release of key U.S.
