New data from the Department of Labor showed 243,000 initial jobless claims were filed in the week ending July 13, up from 222,000 the week prior and above the
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Powell, in his Semiannual Monetary Policy Report to the Congress, warned about the two-sided risk facing monetary policy. “We know that reducing policy
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It has become a tale of two markets: those indexes with Nvidia (NVDA) and those without. The indexes with Nvidia give a false sense of belief that the equity
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The latest University of Michigan consumer sentiment survey showed sentiment hit its lowest level in seven months during June. The index reading for the month
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Much like the dot.com mania of the 90s, we are witnessing investors chase anything related to "Artificial Intelligence." Just as the internet had companies
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The U.S. added 272,000 nonfarm payroll jobs in May, significantly more additions than the 180,000 expected by economists. Meanwhile, the unemployment rate rose
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The CPI report came in as expected, rising by 3.6% year-over-year on the core and 3.4% on the headline. Core CPI also rose by 0.3% m/m in line with expectations
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Fed Chairman Powell signaled a hawkish turn at the Wilson Center's Washington Forum on April 16. Among other things, Powell said: “Right now, given the strength
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Federal Reserve Chair Jerome Powell now says it will take "longer than expected" to achieve the confidence needed to get inflation down to the central bank’s 2%
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At the March FOMC meeting, the Fed re-confirmed its intention to cut interest rates three times in 2024, despite rising inflation expectations and boosting
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Shares of Nvidia (NVDA) rocketed higher after the company reported Q4 earnings, thanks to sky-high data center graphics chip sales. But CEO Jensen Huang isn’t
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Investors were bullish late last year on when, and how quickly, the Federal Reserve would cut interest rates in 2024. New inflation data along with cautious
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