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USD News
Stocks Continue to Fall After Technical Issues Fixed | Market Story
As a general recap, indexes were cautious and flatter on Friday. Just after 10:45 AM EST, the $S&P 500 Index traded +0.03%, the $Dow Jones Industrial Average fell 0.36%, and the $Nasdaq Composite Inde
Express News | UPDATE: Berkshire Shares Resume After -99% on NYSE Error
Pricing Issues, Flat Market, and GameStop Memes | Herd on Wall Street
Morning mooers! Happy Monday, and happy June! The market is open, memeing and mixed, and T+1 settlement might still cause issues. Shortly after 10 AM the New York Stock Exchange showed pricing errors, displaying
Paramount, Skydance Agree to Terms of a Merger
(Updates with additional details.) Paramount Global (PARA) and Skydance have agreed to terms of a merger that is expected to be announced in the coming days, CNBC's David Farber reported Monday. The p
US Dollar Steadies as Traders Brace for Data-packed Week
The US Dollar trades mixed against its major peers on Monday.
Dollar Trades Steady, U.S. Jobs Data Key -- Market Talk
The dollar trades steady after falling Friday following data that showed the Federal Reserve's preferred measure of inflation, the core personal consumption expenditures index, eased to 0.2% month-on-month in April from 0.3% in March.
The biggest engine of the US economy is starting to stall!
Against the backdrop of high interest rates, US consumer income and expenditure growth rates both declined, and the savings rate fell to a 16-month low, amplifying the possibility that the Federal Reserve would cut interest rates to a certain extent.
Will the attack on non-agricultural agriculture in May change the Fed's interest rate cut bets?
The US non-farm payrolls data for May will be closely watched by investors to determine whether the April slowdown is only a temporary phenomenon. According to a survey, economists expect the number of non-farm payrolls to increase by 180,000 in May, which is basically the same as the 175,000 increase in April. BNP Paribas estimates that the number of non-farm workers in the US will increase by 200,000 in May, slightly higher than 175,000 in April. If employment growth in the US slows more than expected, it may cause some people to cut interest rates earlier.
US Dollar: PCE Inflation Eases USD Pressure, Traders Eye OPEC+ Meeting
This report provides a comprehensive analysis of the current market fundamentals affecting the US dollar (USD), examining fiscal policy, economic indicators, and monetary policy developments.
Interest rate cuts are expected to pick up, the US dollar index falls monthly for the first time since December
The Bloomberg dollar spot index experienced its first monthly decline in 2024; the inflation index favored by the Federal Reserve cooled down in April, helping to heat up expectations of interest rate cuts.
The Federal Reserve needs more evidence to confirm that the path to cooling inflation is unlikely to cut interest rates in the short term
This week, Federal Reserve officials received evidence that inflation continues to fall (albeit fluctuating), but policymakers are unlikely to change their positions where more evidence is needed. The Zhitong Finance App learned that government data released on Friday showed that the basic inflation index preferred by the Federal Reserve cooled down last month, and the growth rate was the slowest since this year. Additionally, consumers cut spending in April as the economy grew slower than expected in the first quarter. These reports paint a picture of a moderate economic slowdown, which is what policymakers want to see, and dispels concerns about a renewed acceleration in price growth. But officials may look for it after the next few weeks of meetings
S&P, Closes up 4% in May | Market Story
As a general recap, indexes were catios and flatter Friday. Just after 10 AM EST, the $S&P 500 Index traded up just 0.05%, the $Dow Jones Industrial Average climbed 0.12%, and the $Nasdaq Composite In
Inflation Fell a Little, and Market Is Not Celebrating | Herd on Wall Street
Morning mooers! It's finally Friday, May 31, the market is open and mostly climbing. PCE index numbers showed a single 0.1% decline in core prices for April, to not much celebration.
Oil prices fall as Federal Reserve officials hint they won't cut interest rates
Remarks by Federal Reserve officials about keeping interest rates stable led to a drop in oil prices. U.S. gasoline inventories increased by 2 million barrels, indicating a decline in demand. OPEC+ negotiations will extend sharp production cuts to 2025 and stabilize the market.
PCE Inflation Data for April: What Economists Expect
By WSJ Staff Are inflationary pressures abating? Investors will get a fresh look on Friday, with the Federal Reserve's favored inflation metric due at 8:30 a.m. ET. Here's what economists expect fro
Will the Federal Reserve's favorite inflation indicator reach a 3-year low?
After the CPI cooled down in April, the progress of US inflation was tested again by key data. Today at 20:30 Beijing time (8:30 a.m. EST), the US Department of Commerce will release PCE data for April. The market currently expects the overall PCE price index to rise 0.3% month-on-month in April, in line with the previous value, and is expected to remain flat at 2.7% year-on-year. The core PCE price index rose 0.3% month-on-month, in line with the previous value. The core PCE price index is expected to remain flat at 2.8% year over year. If the year-on-year increase slows slightly, then the core PCE price index will be the one since April 2021
Liquidity Is Starting to Dry up as the Fed Conducts QT and Bank Lending Slows, Says JPMorgan
By Steve Goldstein Liquidity in U.S. financial markets is starting to dry up, which could it make it difficult for stocks and other risky assets to advance from here, according to analysts at JPMorga
US Core PCE Inflation Set to Steady as Federal Reserve Rate Cut for September Hangs in the Balance
The core Personal Consumption Expenditures Price Index is set to rise 0.3% MoM and 2.8% YoY in April.
Federal Reserve officials expect inflation to continue to fall in the second half of the year, and interest rate hikes are unlikely
New York Federal Reserve Chairman Williams said he expects inflation to continue to fall in the second half of this year, and interest rate hikes are unlikely. He expects inflation measured by PCE to fall to around 2.5% by the end of this year, and close to 2% next year. He was unable to explain when he might support interest rate cuts, stressing that this depends on upcoming economic data, and that the policy path is being adjusted as the outlook changes.
Dallas Federal Reserve Chairman makes another hawkish remark: the policy may not have as many restrictions as expected, and neutral interest rates may have risen
Dallas Federal Reserve Chairman Logan said that high interest rates may not have as much of a deterrent effect on the economy as policy makers expected, and emphasized that officials must reserve options for future adjustments.