interest rate

The January inflation report delivered an unsettling surprise to investors Tuesday, indicating that price pressures remain more tenacious than anticipated. Despite a slight decrease from December’s 3.4% figure to 3.1% year-on-year, inflation exceeded forecasts, challenging the Federal Reserve...

While the Biden administration celebrates victory over inflation and the Federal Reserve has begun to acknowledge inflation is downward trending, an economist on Thursday dismissed the notion more a wish than a reality. What Happened: Economist and gold bull Peter Schiff said the U.S. is heading...

With the Fed decision now in the rearview mirror, sentiment appears to have taken a turn for the better on the hopes of receiving strong earnings reports from some high-profile tech companies such as Meta Platforms, Inc. (NASDAQ:META), Amazon, Inc. (NASDAQ:AMZN) and Apple, Inc. (NASDAQ:AAPL). Given...

The economy has chimed along nicely ever since it recovered from the COVID-19-induced downturn in 2021. Despite hard data pointing to fairly robust growth, a section of the economists have been sounding out recession warnings. On Wednesday, David Rosenberg, founder of Rosenberg Research &...

Disappointing tech tidings appear to be weighing down on the market, with the Nasdaq futures diving in early trading on Wednesday while the Dow futures were barely holding up. Earnings from the likes of Advanced Micro Devices, Inc. (NASDAQ:AMD), Microsoft Corp. (NASDAQ:MSFT), and Alphabet, Inc. (...

Economic data released last week was benign, cementing expectations that inflation is on a sustained downtrend. Nobel laureate Paul Krugman on Friday took exception to comments made by Republican presidential primary candidate Nikki Haley. What Happened: Haley offered a bleak take on the economy in...

On Monday, China’s central bank, The People's Bank of China, kept its key interest rate for one-year policy loans unchanged, citing concerns about yuan instability and the ongoing uncertainty surrounding potential Federal Reserve adjustments. What Happened: Despite recent weak credit...

The December consumer price inflation may have slightly overshot expectations but on Friday an economist underplayed the numbers and said pricing pressure could be a thing of the past. What Happened: “Inflation is over,” said economist and Nobel laureate Paul Krugman in a New York Times...

Financial services giant JPMorgan Chase & Co. (NYSE:JPM) reported a fourth-quarter beat and a record quarterly profit, sending its shares higher in premarket trading on Friday. CEO Jamie Dimon, meanwhile, issued a cautious commentary about the economy in the earnings release. What Happened:...

It’s a bearish Thursday on Wall Street, with stocks relinquishing their gains due to unexpectedly high inflation numbers for December, causing some turbulence in market expectations regarding earlier Federal Reserve rate cuts. During the previous month, the Consumer Price Index (CPI) surged...

U.S. stock futures are slightly higher on Thursday following the lackluster performance seen in recent sessions. With the Federal Reserve pouring cold water on the market’s hope for expeditious rate cuts, the mood will likely revert to data-dependency. Against the backdrop, investors could...

U.S. stocks are set to begin the new year with caution amid uncertainties surrounding upcoming economic reports and Federal Reserve speeches. Investors seek confirmation on anticipated rate cuts, with a focus on the Federal Reserve’s December meeting minutes and jobs data for guidance....

Economist and founder of Schiff Gold, Peter Schiff, shared his views on the economic outlook and interest rates post the Federal Reserve’s dovish pivot in December. What Happened: In a recent video on his YouTube channel, Schiff expressed concern that the jobs created...

U.S. stock futures indicate a cautious opening on Monday after the market’s seven consecutive weekly winning streak. As the time window for the Santa Claus rally rapidly approaches, investors are expressing concern about the quality of the market run-up thus far. Nevertheless,...

The stock market has redeemed itself creditably in 2023, reversing from the previous year’s disappointing performance, thanks to optimism that the Federal Reserve will start reversing its rate hikes. On the Upswing: The S&P 500 Index, a gauge of the performance of the broader...