Tag Archives: week

The Federal Reserve’s latest rate hike is expected to keep markets on edge in the holiday-shortened week ahead. Wall Street will be closed on Monday, with markets observing Juneteenth for the first time. Last week, the S&P 500 logged its worst weekly performance since March 2020, losing 5.8% after falling into a bear market on Monday. This decline also marked the benchmark index’s 10th loss in the last 11 weeks. The U.S. central bank on Wednesday raised its benchmark interest rate by 75… Source link

The Federal Reserve will dominate the conversation for investors this week. The central bank’s latest policy meeting will be held on Tuesday and Wednesday, June 14-15, with the Fed expected to announce at least another 0.50% increase in its benchmark interest rate on Wednesday afternoon. Wednesday’s 2:00 p.m. ET policy announcement will be followed by a press conference with Fed chair Jerome Powell at 2:30 p.m. ET. The Fed will also release its latest summary of economic projections on… Source link

For Democrats to have a fighting chance of keeping control of Congress this year, they needed inflation to show marked improvement in May, followed by steady declines through the summer and fall. Not gonna happen. Inflation in May went the wrong direction for Democrats, and even though the midterm elections are still five months away, it’s probably a safe bet Republicans will capitalize on soaring prices to take at least one chamber of Congress. Barring something dramatic or unforeseen,… Source link

Inflation will take top billing in the week ahead for the first full trading week of June. Investors will get the latest gauge on how quickly prices are rising across the U.S. when the Bureau of Labor Statistics releases its latest Consumer Price Index Friday. The measure will come as Federal Reserve policymakers hasten to rein in near 40-year-highs in inflation with interest rate hikes — while stoking worries the measures may temper economic growth. Underscoring that likeliness – and the… Source link

Mortgage rates fall a third week in a row as housing market tilts in homebuyers’ favor Mortgage rates fell again this week amid relentless inflation and persistent doubt around the health of the U.S. economy. The rate drop — the third in as many weeks — was slight but still meaningful given rising home prices and generally higher borrowing costs. America’s most popular home loan — the 30-year fixed mortgage — is still significantly more expensive than it was last year. That’s… Source link

A bounce in U.S. stocks last week snapped a seven-week losing streak for the S&P 500 and Nasdaq, while the Dow logged gains for the first time in eight weeks. These gains ended the longest weekly losing streak in over a decade for the S&P 500 after the index tip-toed into bear market territory. All three major indexes logged weekly gains of at least 5%, buoyed by a batch of upbeat economic data and more positively received earnings reports from the retail sector. The S&P 500 has snapped a… Source link

The global business elite will gather in the mountains of Davos, Switzerland this week amid a backdrop of turbulent markets and an uncertain economic outlook. For the first time in over two years, CEOs, politicians, and billionaires are set to congregate at the World Economic Forum following a pandemic-induced hiatus. Russia’s war in Ukraine, the COVID-19 pandemic, and worries of economic gloom will be among the key topics discussed, as the world’s top leaders face the most uncertain… Source link

Elon Musk has finally come out, politically. He used to vote for Democrats, but henceforth can only vote for Republicans. The Tesla CEO and President Biden ought to be natural allies. Biden has an ambitious green-energy agenda, including the mass electrification of automobiles. Musk leads the world’s most prominent electric vehicle company. They’re rowing in the same direction and ought to be in the same boat. Instead, they’re splashing each other like 12-year-olds. Biden has miffed Musk… Source link

The retail sector will be in focus this week after a string of wild trading sessions on Wall Street. Quarterly financials from megastore Walmart (WMT) and other consumer giants are in the queue, in addition to April’s retail sales report scheduled for release Tuesday. Investors will tune in for additional remarks from Federal Reserve officials, including Chair Jerome Powell in the week ahead, as inflation continues to run hot across the U.S. economy. Friday capped the sixth straight down… Source link

If you’re looking for some NFL drama in the 2022 season, circle Nov. 13 on your calendar. That’s when Mike McCarthy, former Green Bay Packers head coach and current Dallas Cowboys head coach, will face his former quarterback Aaron Rodgers for the first time. Cowboys at Packers in Week 10 is the latest scheduling appetizer released by the NFL, just one day before they’re set to announce the full 2022 schedule. In the ramp up to that announcement, the NFL has released its full international… Source link