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Economic News
Stocks Are Slipping After Solid Jobs Report
The stock market was slipping Friday, after the June employment report revealed that the U.S. economy added more jobs than expected, spurring bets of a more hawkish Federal Reserve.
The U.S. added 372,000 jobs for the month of June,…
Expect the stock market to be driven ‘more by earnings than the macro’, says Morgan
Earnings season will be a key test for the stock market after the S&P 500 last week closed out its worst half-year performance since 1970, said strategists from Morgan Stanley. The direction of stocks going…
Opinion | An Oil Price Cap for Russia?
Oil tanks at Volodarskaya LPDS production facility in the village of Konstantinovo in the Moscow region on June 8.…
Recession is challenging inflation as top fear among stock and bond investors
It’s easy to want to duck for cover given the carnage seen this year in stocks and bonds, particularly with the Federal Reserve vowing to wage an unconditional battle against high inflation.While inflation running at a 40-year high still…
The Lords of Money Pose Massive Threats to Markets
Think the Fed’s job is hard? At least the U.S. Federal Reserve can concentrate on fighting inflation. In Japan and Europe, the central banks are battling the markets, not merely price rises. That’s leading to some very strange, even…
The Economy Is Headed for a Hard Landing. Larry Summers on Inflation, Recession, and the
Economist Lawrence H. Summers never joined Team Transitory, or the economists, investment strategists, and members of the Federal Reserve who thought inflation would be a temporary phenomenon. Instead, he warned early and often that…
Stocks Slump as Fed Rally Fades
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Federal Reserve Chairman Jerome Powell.
JIM…
S&P 500 Enters Bear Market as Dow, Nasdaq Fall
The stock-market selloff deepened Monday, with the S&P 500 entering a bear market, as investors took another look at Friday’s red-hot inflation data and liked it even less.Faced with rising chances of aggressive monetary tightening…
The stock market and inflation: How the S&P 500 performs on CPI report days
Stock-market investors crowded the exits on Thursday, sending major stock indexes sharply lower a day ahead of another eagerly anticipated consumer-price index reading. Recent history may offer a clue. “While…