The Personal Consumption Expenditures (PCE) Index, which is the Federal Reserve’s preferred gauge of inflation, advanced 3.7% in June on an annualized basis.The Commerce Department data showed that core PCE, which excludes food and energy, rose 3.3% on an annualized basis in June, up 0.1% on a mont…
U.S. stock futures climbed higher in the overnight session late Sunday ahead of a key earnings week, even as the conflict between the U.S. and Iran escalated over the weekend.Nasdaq-100 futures climbed 0.45%, Dow futures were up 0.04%, and S&P 500 futures rose 0.14% at 9:11 PM EDT.Among ETFs tracki…
Federal Reserve Chair Kevin Warsh on Tuesday said that it’s no secret that he was critical of the central bank’s framework announced in 2020.During his congressional testimony, Warsh called the framework a mistake and added that it did not succeed in its objective.“That central bank wasn’t the firs…
Federal Reserve Governor Christopher Waller said on Monday that another hotter-than-expected core inflation reading could prompt policymakers to consider tightening monetary policy.Waller’s comments come a day ahead of the Consumer Price Index (CPI) print for June, which is scheduled to be released…
The iShares 20+ year bond yield ETF slipped about 0.2% on Wednesday, down for the sixth session, as elevated oil prices due to rising conflict in the Middle East sparked inflationary concerns, raising interest rate hike bets.International Brent crude futures (Co1) settled up 5.43% at $78.19 per bar…
U.S. stock futures climbed higher in the overnight session late Sunday, extending the previous week’s rally as investors await the Federal Reserve’s June minutes due on Wednesday.Nasdaq 100 futures jumped 1.33%, S&P 500 futures climbed 0.53%, while Dow futures were up 0.15% at 8:11 PM EDT.Among ETF…
Federal Reserve Chair Kevin Warsh on Wednesday downplayed concerns that artificial intelligence will lead to job losses, saying he is not an AI doomer or pessimist.During an interview at the ECB Forum on Central Banking in Sintra, Portugal, Warsh said he believes the number of jobs created by AI wi…
U.S. stock futures retreated in the overnight session late Tuesday after posting a strong quarter despite the war with Iran. The Dow posted its best first half since 2021, while the small-cap Russell 2000 posted its strongest H1 since 1991.Meanwhile, Federal Reserve Chairman Kevin Warsh is schedule…
Federal Reserve Bank of Cleveland President Beth Hammack said Tuesday that interest rates may need to be raised to bring inflation back under control.During an interview with CNBC, Hammack said that inflation has been elevated for the past five years. “We’ve got inflation that’s too high, and it’s…
The Japanese yen slid to its weakest level against the U.S. dollar since December 1986 on Monday, extending a yearslong decline that is renewing focus on currency intervention risks and the global yen carry trade.The currency briefly weakened beyond 161.95 per dollar, eclipsing the level that promp…
The US military said on Friday it struck Iran after what it described as an attack on a commercial cargo ship in the Strait of Hormuz. The action came hours after President Donald Trump condemned the drone attack as a “foolish violation” of the ceasefire agreement.At the time of writing, U.S. equit…
