USA Durable Goods Orders (MoM) for May 0.700% vs 0.100% Est; Prior 0.500%
USA Durable Goods Orders (MoM) for May 0.700% vs 0.100% consensus estimate. The prior reading was 0.500%.
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 EIA Natural Gas Inventories for May 92.000 BCF vs 96.000 BCF Est; Prior 97.000 BCF
USA EIA Natural Gas Inventories for May BCF92.000 vs BCF96.000 consensus estimate. The prior reading was BCF97.000.
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%.
USA Building Permits for May 1.695M vs 1.785M Est; Prior 1.823M
USA Building Permits for May 1.695 million vs 1.785 million consensus estimate. The prior reading was 1.823 million.
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.
Federal Reserve Raises Interest Rates by 0.75%, Hikes Inflation Estimates: What Investors Need To Know
The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 1.5% and 1.75%, its largest interest rate hike in 28 years.
Inflation Fears Send Stocks Lower As Investors Brace For Fed Rate Hike Next Week
The 2022 stock market weakness continued this week, with major indexes trading lower on another round of discouraging inflation data.
Here’s How The SPDR S&P 500 Looks As Fed Loses Fight Against Inflation
The SPDR S&P 500 (NYSE: SPY) gapped down 1.63% on Friday after new Consumer Price Index (CPI) data released by the Labor Department showed the Federal R
Inflation number Surges 8.6% Year-o-Year In May, Surpasses Expectations
The Consumer Price Index (CPI) increased 1% M/M in May on a seasonally adjusted basis versus the consensus of 0.7%. In April it rose 0.3%.