interest rate

It’s a broadly positive session for the U.S. stock market on Monday, albeit one marked by significant sectoral differences. The tech sector is experiencing flat performance at midday, while blue-chip stocks continue to surge, aiming for their eleventh consecutive positive close, a streak not...

Consumer price inflation has been tracking a downward trajectory since peaking in May 2022 and this has remained the premise for the expectation that the Federal Reserve will pivot. An economist, however, sees inflation continuing to remain a threat going forward. Economist and gold bull Peter...

Cathie Wood-run Ark Investment Management's flagship exchange-traded fund, the Ark Innovation ETF (NYSE:ARKK), has exited Chinese stocks amid a crackdown on high-profile big tech companies in the Asian country. What Happened: According to the quarterly fund webinar held on...

U.S. stocks continued to display signs of divergence between the tech sector and the rest of the market on Friday, a trend that had already surfaced during Thursday’s session. Following a substantial sell-off in tech stocks yesterday, the Nasdaq remained relatively flat in midday trading,...

The Chinese economy grew less than expected in the second quarter, underlining the shaky recovery seen since the reopening in late-2022. Q2 Growth Comes In Light: China's GDP rose 6.3% year-over-year in the second quarter, faster than the 4.5% rate seen in the first quarter, preliminary estimates...

U.S. stocks are set for a fifth consecutive session of gains, with the S&P 500 Index rising 2.7% this week, its strongest weekly performance since March and reaching its highest level since April 2022. Encouraging reports from major financial institutions including JPMorgan Chase & Co (NYSE...

The June inflation report came in softer than expected and raised hopes of pricing pressure beginning to inflect lower. Economist and Nobel laureate Paul Krugman offered his take on the numbers through a series of tweets. What Happened: “It's nice to see economists squabbling over who gets...

The softer-than-expected June non-farm payrolls data has polarized economists, with some suggesting the Federal Reserve should stall rate hikes to avert a recession. Former Treasury Secretary Larry Summers, however, sees the need for more tightening. What Happened: The data released last week is...

Investing in dividend-paying stocks has proven to be a lucrative strategy for investors, particularly in times of economic uncertainty. Amidst economic anxieties last year due to soaring inflation and aggressive rate hikes by the Fed, investors sought refuge in dividend stocks that offered the...

The Federal Reserve hit the pause button at the June meeting and signaled that more rate hikes could be around the corner, but at least one analyst believes that the central bank may have overreacted. What Happened: Ark Invest founder and money manager Cathie Wood took to Twitter on Friday to...

A lower-than-expected inflation rate reinforced investor risk appetite on Tuesday, pushing the stock market further higher and bolstering convictions that the Federal Reserve's interest rate hikes may have reached their peak. Traders are now fully pricing in a June pause and have lowered...

Economist and gold bull Peter Schiff recently warned the U.S. banking crisis was not yet over. Throughout the year, three mid-sized regional banks collapsed, and more are speculated to be teetering on the brink. Now, economist and former Federal Reserve board member Kevin Warsh ...

The implied odds of a Federal Reserve rate increase in June have increased according to Fed futures pricing, as a preliminary debt ceiling deal struck over the weekend added gasoline to the fire of higher-than-expected PCE inflation and Fed hawkish statements of last week.   CME...

JPMorgan Asset Management is of the view that a recession in the U.S. is a virtual certainty and the Federal Reserve is likely to cut interest rates by the third quarter as growth fizzles out, according to a report. What Happened: "The market is right to be penciling in cuts," said Seamus Mac...

The Federal Reserve hiked interest rates by 25 basis points to a range of 5%-5.25%, as widely anticipated by the market, pushing borrowing costs to the highest level since September 2007. The U.S. central bank also hinted it might be done with the tightening cycle by eliminating a...