interest rate

It has been a data-rich week, culminating with the Bureau of Labor Statistics releasing the August jobs report on Friday. Despite non-farm payrolls surpassing expectations at 187,000 versus the projected 170,000, the report revealed an uptick in the unemployment rate, rising from 3.5% to 3.8%, and...

Tesla, Inc. (NASDAQ:TSLA) surged ahead on Tuesday, overshadowing other mega-cap stocks, and Gary Black of Future Fund examined the factors underpinning this remarkable performance. The Impetus: Tesla’s stock gained traction from Tuesday’s Job Openings and...

On Friday, European Central Bank President Christine Lagarde said at the Jackson Hole Summit that interest rates in the European Union will have to stay high as long as necessary. What Happened: “While progress is being made, the inflation fight is not yet won,” Lagarde said, AP...

The Federal Reserve has left some wiggle room regarding rate decisions in its upcoming meeting on Sept. 19-20. But the overarching sentiment from chair Jerome Powell's speech was one of caution and vigilance.  What Happened: In his address at Jackson Hole, Wyoming, Powell indicated that...

All eyes are on Federal Reserve Chair Jerome Powell as his much-anticipated Jackson Hole speech approaches, poised to be a major market catalyst this week. Renowned economist and former Treasury Secretary Larry Summers has stepped into the spotlight, offering his insights on...

As some economists are lauding the Federal Reserve for closing in on victory in its inflation fight, former Treasury Secretary and economist Larry Summers reminded Americans that the inflation scare is far from over. The economist shared a chart of the annual U.S. consumer price inflation dating...

U.S. equities are experiencing one of their most challenging sessions of the year Thursday, with all major indices showing losses in early afternoon trading. This cautious sentiment among investors is due to the upcoming Jackson Hole Symposium beginning later today. Despite Nvidia Corp.’s (...

Stocks were rallying during midday trading, driven by the tech sector’s advances as investors eagerly await the quarterly earnings report from Nvidia Corp. (NASDAQ:NVDA), scheduled to be unveiled after the market close. A backdrop of lower-than-anticipated Purchasing Managers’ Index (...

In an exclusive interview with the Wall Street Journal ahead of the Fed’s Jackson Hole annual economic symposium, former St. Louis Fed chief James Bullard spoke about the U.S. economy’s unexpected resilience and the potential for higher interest rates. Bullard, who recently assumed the...

The stock market momentum seen for much of the year has stalled and one catalyst that could reignite the rally is the news out of the three-day Jackson Hole Symposium that kicks off on Thursday. Noted economist Mohamed El-Erian shared three approaches Federal Reserve Chair Jerome Powell could take...

Near midday during New York’s trading session, a momentum shift rippled through all indices, offsetting Monday’s gains. S&P Global Ratings downgraded five U.S. regional banks, and has concurrently revised the outlook for two additional banks, a move that has stirred apprehension...

On Monday, U.S. stocks made a cautious attempt at bouncing back following three consecutive weeks of losses. The upward momentum seems uncertain, and the recent increases in Treasury yields are posing challenges for the market bulls. The 10-year Treasury yield reached 4.35%, reaching its highest...

Economists and central bankers are preparing to gather at the Federal Reserve‘s scenic retreat in Jackson Hole, Wyoming. The symposium, which takes place from Aug. 24-26, will emphasize diversity in terms of region, background, and industry. This year’s theme, “Structural Shifts...

Summer doldrums have hit the stock market, which cruised along nicely in the first half of the year following a torrid 2022. What Happened: “We are heading into a new bear phase,” said noted economist David Rosenberg in a post on X, formerly known as Twitter. He noted that every major...

Treasury Secretary Janet Yellen on Tuesday touted the virtues of the Inflation Reduction Act of 2022 enacted by President Joe Biden, in remarks ahead of its anniversary on Wednesday. Best-selling author Robert Kiyosaki took exception to her comments and delved into a host of problems the economy is...