U.S. equities opened August with a broad-based relief rally Monday as crude oil tumbled and Treasury yields retreated from 18-month highs, after President Donald Trump called off a planned military strike on Iran over the weekend and said negotiations would resume.West Texas Intermediate crude sank…
The U.S. economy's second-quarter resilience could fade rapidly, Pantheon Macroeconomics warned, as a temporary consumer boost disappears and artificial-intelligence spending masks weakness across much of the private sector. The slowdown could pressure consumer, industrial and small-cap stocks whil…
Amazon.com Inc. (NASDAQ:AMZN)‘s best earnings-day pop in years and a nearly $475 billion wipeout in Apple Inc. (NASDAQ:AAPL) market valuation pulled Wall Street in opposite directions Friday, leaving indexes searching for direction into midday as the AI trade split in two.The S&P 500 held a 0.5% ga…
Federal Reserve officials who dissented with the central bank's decision to hold interest rates steady earlier this week publicly defended their stance on Friday, arguing that the central bank should begin raising rates now to prevent inflation from becoming more entrenched.According to a CNBC repo…
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, keeping it at a range of 3.5% to 3.75%, largely in line with market expectations.However, following the announcement, the yield on the 30-year U.S. Treasury bond spiked over 5%, touching levels not seen since the global fi…
The Federal Reserve held its benchmark interest rate at 3.50% to 3.75% for a fifth consecutive meeting Wednesday, but three officials demanded a quarter-point increase, delivering the clearest signal yet that the central bank's next move could be a hike rather than the cut investors once expected.T…
As the Federal Reserve’s July policy meeting decision looms on Wednesday, markets are split on the outcome. While a majority believe that the central bank will hold rates steady, some market participants are increasingly pricing in a rate hike.According to The Kobeissi Letter, this is one of the mo…
The Federal Reserve is widely expected to leave interest rates unchanged at the conclusion of its two-day policy meeting on Wednesday, but economists say a combination of sticky inflation, tariffs, geopolitical tensions and shifting communication from Chair Kevin Warsh has made the outlook less str…
Federal Reserve Chair Kevin Warsh's upcoming press conference on Wednesday will be in focus this week, according to Jeremy Siegel, professor emeritus of finance at the University of Pennsylvania’s Wharton School of Business, who said the central bank's assessment of rising oil prices could shape in…
President Donald Trump on Wednesday threatened to destroy a bridge or a power plant in Iran every time the country shoots at a ship in the Strait of Hormuz.Trump’s warning comes amid a rise in hostilities between the U.S. and Iran, with the Islamic Revolutionary Guard Corps claiming that they targe…
Federal Reserve Bank of New York President John Williams said on Wednesday that he sees “encouraging signs” that inflation has likely peaked and should gradually ease in the coming quarters.Speaking at the Partnership for New York City, Williams also warned that the ongoing AI investment boom is co…
President Donald Trump on Tuesday announced that he has decided to replace the proposed 20% toll on all cargo flowing through the Strait of Hormuz with investment deals with Gulf states.Trump said in a post on Truth Social that he made the decision following “highly productive conversations” with t…
Mohamed El-Erian, Chief Economic Advisor at Allianz, said on Tuesday that the softer-than-expected June Consumer Price Index (CPI) reading should help “temper” what had become a “hawkish market tilt” toward monetary policy.The Consumer Price Index rose 3.5% from a year earlier in June, below expect…
Federal Reserve Chair Kevin Warsh on Tuesday said that the central bank has “no tolerance” for persistently high inflation. In prepared remarks ahead of his congressional testimony, Warsh promised that the inflation surge will be a “thing of the past.”“The Fed's number one objective is to get monet…
U.S. consumer prices cooled more than expected in June, according to the Consumer Price Index (CPI) report released on Tuesday, with both headline and core CPI coming in softer than economists forecasted.According to data from the Bureau of Labor Statistics (BLS), on a seasonally adjusted basis, CP…
Jeremy Siegel, professor emeritus of finance at the University of Pennsylvania’s Wharton School of Business, on Tuesday said that the Federal Reserve has "little reason" to raise interest rates further ahead of the Consumer Price Index (CPI) report today, arguing that stable oil prices and increasi…
Markets are eagerly awaiting the June inflation data, expected on Tuesday morning, for cues on how it may impact the Federal Reserve’s monetary policy decisions.A Reuters report noted that the U.S. June consumer price index (CPI) is likely to clock a decline month-on-month amid lower energy prices…
U.S. stock futures traded lower overnight late Monday after tensions between the U.S. and Iran escalated further, even as President Donald Trump reinstated the naval blockade of the Middle Eastern country in the Strait of Hormuz.Meanwhile, markets are expecting the first wave of corporate earnings…
Mohamed El-Erian, Chief Economic Advisor at Allianz, explained on Monday that crude oil prices are not soaring into the high $80s or $90s per barrel because markets believe the ongoing skirmishes between the U.S. and Iran will be contained.During an interview with CNBC, El-Erian said that while the…
The Federal Reserve said in its latest Monetary Policy Report that demand for AI-related products and the Middle East conflict have added to inflationary pressures, while emphasizing that the Federal Open Market Committee (FOMC) remains prepared to act "forcefully" to ensure longer-term inflation e…
