Fed Beige Book Warns Of ‘Little Growth In The Month Ahead,’ Sends Markets Lower
U.S. economic growth and business activity remains soft heading into 2023, according to the latest Federal Reserve Beige Book report on Wednesday.
Federal Reserve’s Esther George Anticipates Additional Rate Hikes, Sees Rates Staying Above 5% Well Into 2024
Kansas City Federal Reserve President Esther George sounded pretty hawkish Thursday morning during an interview on CNBC's "Squawk Box."
Midyear Market Outlook: Where Is The Economy Headed From Here?
There's no question 2022 has been a brutal year so far for investors.
‘Trend Is In The Wrong Direction’: Experts React To Consumer Expectations Hitting 9-Year Low
The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 1% on Tuesday after the latest reading of consumer confidence suggests U.S. shoppers are taking notice of rising prices and falling stocks.
USA Markit Manufacturing PMI for Jun 52.400 vs 56.000 Est; Prior 57.000
USA Markit Manufacturing PMI for Jun 52.400 vs 56.000 consensus estimate. The prior reading was 57.000.
USA Markit Composite PMI for Jun 51.200 vs 53.600 Prior
USA Markit Composite PMI for Jun 51.200 vs 53.600 prior reading.
USA Markit Services PMI for Jun 51.600 vs 53.500 Est
USA Markit Services PMI for Jun 51.600 vs 53.500 consensus estimate.
Bank Of England Hikes Interest Rates For Fifth Straight Time To Address Inflation
The Bank of England has initiated its fifth consecutive interest rate hike with a 25 basis point uptick to 1.25%.
Fed Chair Powell: Another 0.75% Rate Hike On The Table For July
The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher in a volatile session on Wednesday following the Federal Reserve's largest interest rate hike since 1994.
CORRECTION: USA PPI (MoM) for May 0.800% vs 0.800% Est; Prior Revised from 0.500% to 0.400%
USA PPI (MoM) for May 0.800% vs 0.800% consensus estimate. The prior reading was revised from an initial 0.500% to 0.400%.