Fed

Wall Street’s financial giants, including JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp. (NYSE:BAC), Citigroup Inc. (NYSE:C), Goldman Sachs Group Inc (NYSE:GS), Wells Fargo & Co. (NYSE WFC), Morgan Stanley (NYSE:MS) and others are gearing up for impending regulatory shifts...

U.S. large-cap value stocks have outperformed growth peers by a modest margin in July, potentially indicating a reversal of the trend witnessed throughout 2023. The Vanguard Value ETF (NYSE:VTV), the largest and most liquid exchange traded fund investing in U.S. large-cap value stocks, has...

At the upcoming Federal Open Market Committee (FOMC) meeting on Wednesday, the Federal Reserve is poised to increase the fed funds rate by 25 basis points, pushing borrowing costs to 5.25-5.5%, the highest since February 2001. While the market shows strong conviction in this rate hike, economists...

Investors are on standby for the Federal Open Market Committee (FOMC) meeting’s interest rate decision, due to be announced on Wednesday, July 26, at 2:00 p.m. ET. While the market has already fully priced in a 25-basis-point rate hike to a target range of 5.25%-5.5%, the Fed’s...

Despite the recent market rally, economists are skeptical about investors’ optimistic bets that the global economy is set for a soft landing and interest rates are close to their peak, Financial Times reports. Market Optimism Amid Declining Inflation: “In all the major regions we have...

The Purchasing Managers’ Index (PMI) data released Monday by S&P Global indicates that the private sector’s economic activity in the United States continues to show strong resilience in July. Furthermore, the notable contrast between robust growth in the services sector and the...

This week in economics was marked by China’s Q2 GDP miss, the looming final Fed rate hike, a potential false alarm in job market indicators, the potential ripple effects of a UPS strike, and insights from data of 9 million bank accounts. Let’s dive into the details. China’s Q2 GDP...

A major investment bank on Wall Street predicts the Fed will stop raising interest rates after its July meeting, but cautions investors not to anticipate a rate decrease in the near future. According to Goldman Sachs, the upcoming rate hike at the Federal Reserve’s July meeting, pushing rates...

Taylor Swift's concert tour has been breaking the internet since tickets went on sale in 2022.  When presale invitations were sent to 1.5 million people, an additional 2 million found themselves on the waitlist. Anticipation turned to frustration as Ticketmaster’s portal crashed, leaving...

The U.S. dollar index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), dropped below the key 100 mark on Thursday, plunging to its weakest levels since April 2022, as softer-than-expected consumer and producer inflation encouraged traders to scale back bets of more than...

The Indian rupee is set to rise, with expectations that the Federal Reserve will soon halt interest rate hikes due to cooling inflation in the United States, Reuters reports. Non-Deliverable Forwards Non-deliverable forwards suggest the rupee will open at around 82-82.05 to the U.S. dollar,...

In a speech delivered on Monday at the Bipartisan Policy Center in Washington, D.C., the Federal Reserve Vice Chair for Supervision Michael Barr announced plans to enhance the financial cushions for larger banks in order to bolster the resilience of the banking system following a series of bank...

China’s consumer inflation rate dropped to zero in June, while factory-gate prices continued to decline, indicating persistent demand weakness and raising concerns about potential deflation in the economy, Bloomberg reports. Slowing Inflation and Falling Producer Prices The National Bureau of...

In a stunning day for the U.S. stock market characterized by Apple Inc‘s (NASDAQ:AAPL) surge back to a $3 trillion market cap, the Nasdaq 100 Index marks a triumphant journey, putting it on track to finish the quarter with a remarkable 39% gain. This half-year performance is the second-best...

The four major global central bankers — Fed Chair Jerome Powell, European Central Bank Governor Christine Lagarde, Bank of England Governor Andrew Bailey, and Bank of Japan Governor Kazuo Ueda – convened in Sintra, Portugal, for the ECB Forum on Wednesday. While the BoJ’s Ueda stuck to his...