US inflation is cooling much faster than experts are betting, a sign that the Federal Reserve’s series of steep rate hikes is wiping out price pressures. Prices rose 8.5 percent last month in the world’s largest economy, down 9.1 percent in 40 years, according to the Labor Department. Wall Street had predicted that consumer price … Read more
By Julianne Geiger – August 05, 2022, 10:25 am CDT Total nonfarm payrolls rose 528,000 in July, well above expectations of a decline to 250,000. WTI crude rose from $88 a barrel to well above $90 a barrel. US dollar gained after the strong jobs report. Crude oil prices rose on … Read more
It’s a hot summer with a job market to match. The question is no longer “is this a recession” but rather “Is the job market too hot for the comfort of the Fed?” Send the news: The jobs slowdown that economists had expected is not coming to fruition. On the contrary, the economy added 528,000 … Read more
According to a top analyst, the US economy will likely have to remain in recession longer than expected to contain runaway inflation. Zoltan Pozsar, the global head of short-term interest rate strategy at Credit Suisse Group AG, wrote a client note pushing back widespread sentiment that the worst inflation is behind us and that the … Read more
Editor’s Note: Stay tuned for the daily news with so much market volatility! Catch up in minutes with our quick round-up of the news to read today and expert opinions. Register here! (Kitco News) – According to the latest Kitco News Weekly Gold Survey, Wall Street analysts and Main Street investors see the … Read more
1659043281 Amazon and Apple Profits Beat Analysts’ Expectations US tech giants Amazon and Apple stocks posted gains in after-hours trading after both posted revenue growth that exceeded analyst expectations. Amazon’s revenue grew 7.1% to $121 billion in the quarter to June. It made a $2 billion loss, led by a $3.9 billion write-down in the … Read more
165901995 FTSE 100 slides back as bad US data rock the mood The FTSE 100 fell back in afternoon trading, losing momentum generated by some well-received earnings reports after dismal US economic data darkened the day. London’s main stock index fell 34 points to 7,316.85 on news of a second consecutive economic contraction in the … Read more
The White House was accused of “redefining” the word “recession” on Wednesday after comments from the current White House economic adviser resurfaced in 2008 — which appeared to refute his comments on the issue this week. On Tuesday, Brian Deese insisted that “two negative quarters of GDP growth is not the technical definition of recession.” … Read more
Federal Reserve officials have raised interest rates by 75 basis points for the second straight month, triggering the most aggressive tightening in more than a generation to stem rising inflation — but at the risk of delivering a sharp blow to the economy. to get. Policymakers, facing the greatest price pressure in 40 years, on … Read more
The best time to invest is during peak anxiety, when assets are cheapest, says Rob Arnott, founding president of Research Affiliates in Newport Beach, California. Illustration by Barron’s staff; Dreamstime (2) Font size As the Federal Reserve tries to curb inflation without triggering a recession, investors must cling to the possibility of failure — possibly … Read more