Job Market Cools In April: Payrolls Miss Forecasts, Wages Rise Less Than Expected
The April performance of the U.S. labor market missed expectations, providing some evidence of cooling economic momentum and potentially leaving the door open for interest rate reductions later this y
Asia And Europe Markets Mixed; Crude Oil Drops Below $80 - Global Markets Today While US Slept
On Wednesday, May 1st, the U.S. stock markets closed mixed after the Federal Reserve held interest rates steady and hinted at a possible future rate cut, though it noted that inflation improvements ar
Powell Keeps Hawks At Bay, Says Interest Rate Hike 'Unlikely': Stocks, Gold Rally, While Treasury Yields, Dollar Tumble
Federal Reserve Chair Jerome Powell emphasized the need to allow more time for restrictive monetary policies to bring inflation toward the Fed's 2% goal Wednesday while reassuring markets the Fed's po
Fed Keeps Interest Rates Steady, Announces Slower-Than-Expected Pace Of Balance Sheet Runoff
The Federal Reserve opted to keep the federal funds rate unchanged at 5.25% to 5.5% Wednesday, as widely expected, reinforcing its commitment to steering the economy toward sustainable growth and cont
Manufacturing Activity Gauge Contracts Again In April: Commodity Costs Hit Producers
The U.S. manufacturing activity sentiment missed expectations in April.After a brief uptick in March, activity retraced back into contraction, according to the Institute for Supply Management (ISM). A
Private Employment Increases By 192,000, Beats Forecasts: 'Hiring Was Broad-Based In April'
The rate of job creation in U.S. private sector businesses surpassed predictions in April, indicating continued strength in the employment landscape.Private employers added 192,000 new jobs last month
Asia And Europe Markets Mixed, Gold Retreats - Global Markets Today While US Slept
On Monday, April 29th, the U.S. stock markets closed higher, led by significant gains in Tesla and Apple. Investors are waiting for the Federal Reserve's interest rate decisions.Tesla (NASDAQ:TSLA) sh
US Treasury To Borrow $243B More This Spring: Dollar Climbs, Stocks Trim Gains
The U.S. Treasury Department has revised its marketable borrowing expectations upward for the April-June quarter of 2023, increasing the figure to $243 billion from an earlier estimate of $202 billion
Fed's Key Inflation Indicator Hits 2.8%, Dashes Rate Cut Hopes; Traders On Alert
The Federal Reserve's preferred measure of inflation – the Personal Consumption Expenditure (PCE) price index – rose more than expected in March, confirming concerning signs of a resurgence in inflati
Crude And Gold Trade Higher; Major Asia Indexes And Europe Rise - Global Markets Today While US Slept
On Thursday, April 25th, the U.S. stock markets closed lower, impacted by surprising data indicating sluggish U.S. economic expansion and ongoing inflation. This downturn was exacerbated by a broad se
US Economy Grows 1.6% In Q1, Slightly Below Expectations As Price Pressures Weigh On Spending
The U.S. economy grew in the first quarter of the year, albeit at a markedly slower pace compared to the final quarter of 2023 and below economists' predictions.The annualized growth rate of the Gross
Asia Markets Mixed, Europe Dips; Copper Prices Rise On BHP's Buyout Offer To Anglo American - Global Markets Today While US Slept
On Wednesday, April 24, the U.S. stock markets closed mixed as the S&P 500 closed higher, influenced by rising Treasury yields following a $70 billion auction and positive tech earnings. The Dow fell,
Asia And Europe Markets Rise, US Dollar Rebounds - Global Markets Today While US Slept
On Tuesday, April 23rd, the U.S. stock markets closed higher, boosted by strong earnings from major companies and interest in key growth stocks. Tesla launched new EV models and reported lower-than-ex
Retail Sales Rises More Than Expected In March, Indicate Strong Consumer Spending
The pace of retail sales growth increased more than expected last month, indicating that consumers are exhibiting increased resilience despite recent inflationary pressures.Retail and food services sa
Gold Clocks New High At $2,415, Asia Markets Sans Japan Dip, Europe Gains - Global Markets Today While US Slept
On Thursday, April 11th, the U.S. stock markets ended mostly higher, led by tech momentum stocks amid signs of cooling inflation. The Nasdaq gained from interest-rate-sensitive tech giants, while the
US Inflation Data Plays On Asia and Europe Markets, Gold Trades Above $2,350 - Global Markets Today While US Slept
On Wednesday, April 10th, the U.S. stock markets ended lower after unexpectedly high inflation data reduced hopes for early Federal Reserve rate cuts.The major indexes dropped significantly at the sta
The Best ETFs for Inflation in 2024
Stocks Sink On Worrisome Inflation Data, Yields Spike On Rate Cut Delays, Dollar Rallies: What's Driving Markets Wednesday?
An inflation surprise greeted investors on Wednesday, sparking significant apprehension about the future of interest rates.The discussion regarding Fed rate cuts seems to be postponed for the time bei
Inflation Rises More Than Expected To 3.5% In March, Derails June Rate Cut Hopes
Inflation in the United States surged again in March, surpassing economist expectations and disappointing investors who were anticipating imminent cuts in Federal Reserve interest rates.The annual inf
Asia Markets Mixed, Europe Fall As Gold Hits New Peak - Global Markets Today While US Slept
On Monday, April 8th, the U.S. stock markets ended essentially flat at the end of a volatile trading day. A solar eclipse diverted attention in anticipation of important inflation figures and the star