Jeffrey Roach

Trading in U.S. index futures suggests stocks may be off to a lackluster start again on Thursday. Much of the negativity in the recent session was triggered by the lack of clarity on the Federal Reserve’s rate trajectory. The spotlight is likely to be on another slew of earnings reports and a...

Federal Reserve Chair Jerome Powell stated on Tuesday that a prolonged period of restrictive monetary policy may be necessary, refraining from offering explicit guidance on a rate-cutting strategy. Economists interpreted this as a clear indication that the central bank is...

Stocks could be headed lower yet again on Friday, with the market off to a rocky start for the year. Technology stocks are getting thrashed amid the risk aversion in play. The all-important jobs report holds the key to determining the day’s trading direction. Important metrics to track,...

Risk sentiment has encountered a setback following Monday’s rally, as stocks on Wall Street grapple with challenges in generating fresh gains. This comes as traders gear up for the Federal Open Market Committee meeting commencing Tuesday. The Fed will unveil its latest interest rate decision...

U.S. stocks experienced a robust rally as of midday trading Tuesday in New York, with Wall Street mirroring the positive sentiment seen in Asia and Europe. As the conflict entered its fourth day following an unexpected attack by Hamas on Israel, recent developments in the Middle East have seen the...

Data issued by Automatic Data Processing Inc (NASDAQ:ADP) on Wednesday raised concerns over the decelerating pace of monthly employment growth among private U.S. businesses. This marked the third consecutive month of declines as September numbers rolled in, and details of the report painted a...

The August jobs report released by the Bureau of Labor Statistics on Friday showed job creation outperformed expectations, but the unemployment rate edged up and wage growth moderated more than anticipated. Here's what you need to know about the report, what economists think about the data and...

In a keenly-watched address at the Jackson Hole Economic Policy Symposium, Federal Reserve Chair Jerome Powell set the stage for potential interest rate hikes, reiterating the Fed’s commitment to price stability. Wall Street, always ready to interpret and forecast based on Fed speak, has a...

Risk appetite experienced a setback in the first session of August, following the S&P 500 and Nasdaq 100 both closing their fifth consecutive month of gains in July. Disappointing manufacturing activity data, marking the ninth straight month of contraction, and mixed corporate earnings likely...

The Federal Reserve’s favored inflation indicator, the Personal Consumption Expenditure (PCE) price index, saw a slight decrease in price pressures in June, easing investors’ concerns about a potentially destabilizing inflation surge. What Happened: The PCE report for June, issued by...

Economic data issued Thursday indicates a marked reduction in pricing pressures in June, causing many investors to anticipate an end to the Federal Reserve's interest rate hike cycle, except for one final 25-bps hike in July. What Happened: The Producer Price Index (PPI) increased by 0.1% in June,...

Wednesday’s release of the FOMC June 14 meeting minutes showed a clear agreement for continued interest rate hikes next year. The consensus echoes Fed Chair Jerome Powell's stance, who has been pushing for two additional increases in 2023. Despite the strength of the economy and the tightened...

The Core Personal Consumption Expenditure (PCE) price index, the Federal Reserve’s preferred inflation measure, rose 4.6% year-over-year in May, lower than the expected 4.7%, according to data issued Friday by the U.S. Bureau of Economic Analysis. The market adjusted expectations for a Fed...

U.S. housing starts in May saw the highest increase since 2016, along with an uptick in applications to build, indicating a rejuvenation of residential construction. What Happened: Data issued by the Federal Reserve of St. Louis showed a 21.7% jump in the initiation of home construction, reaching...

Stocks rose the day after the Federal Reserve meeting, which resulted in a pause of interest rate hikes, as expected, although with a warning that additional tightening will be required, with the first rise possible as soon as July. The European Central Bank (ECB) raised interest rates by 0.25%,...