Economy & Policy – Page 3

The Stock Market Had a Terrible Week—and Now the Fed Meeting Is on Tap

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Things tend to slow down for the holidays. The stock market isn’t there yet.

With Christmas just a couple of weeks away, it’s easy to look ahead to candy canes, caroling, and presents under the tree, but there’s still work to be done. The coming week certainly won’t be boring, with highly anticipated inflation data and a Federal Reserve decision on back-to-back days. The two events will do much to determine the direction of the market for the coming weeks—a deeper slide or a resumption of the Santa Claus rally.

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December 9, 2022

Fed’s Powell Says Rate Hikes Might Slow in December

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Federal Reserve Chairman Jerome Powell laid the groundwork on Wednesday for the central bank to slow its pace of monetary policy tightening as soon as December, all but solidifying the prospects that the Fed will raise interest rates half of a percentage point next month.

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November 30, 2022

Stocks Are Clawing Their Way Back. Consider These Moves for 2023.

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Stocks Are Clawing Their Way Back. Consider These Moves for 2023.

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November 25, 2022

Oil Could Rise After Latest EU Sanctions on Russia. Why a Rally May Not Last.

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The European Union’s ban on seaborne imports of Russian oil, along with the Group of Seven’s plan to cap prices of oil from Russia early next month won’t guarantee that prices for the commodity will see a lasting rally, or that supplies will tighten further in the days ahead.

“In isolation, the sanctions on Russia should be bullish for prices,” says Matt Smith, lead oil analyst, Americas, at Kpler. However, they may have a limited effect, as Russian barrels get “rerouted and not taken off the market,” while a price cap still has so much uncertainty surrounding it that its impact may be “muted due to workarounds or may simply be ineffective.”

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November 17, 2022

Why the Bear Market Isn’t Over

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Investors finally got the inflation reading they were looking for, and are likely to get a split government for the next two years. That combination propelled stocks to their best weekly showing since June. On Friday, the

S&P 500

even briefly crossed the 4,000 threshold, a level it hadn’t breached in two months.

The S&P ended the week 5.9% higher, closing just below 4,000. The

Dow Jones Industrial Average

rose 4.1%, and the

Nasdaq Composite

jumped 8.1%. It was the best weekly showing for the Nasdaq since March, and it came during a week when tech news seemed largely negative. Facebook parent

Meta Platforms

(ticker: META) announced that it will cut 11,000 jobs, the latest in a wave of Silicon Valley layoffs. The best thing Facebook can say for itself now is that it isn’t Twitter.

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November 12, 2022

Tag: Economy & Policy

The Stock Market Had a Terrible Week—and Now the Fed Meeting Is on Tap

Fed’s Powell Says Rate Hikes Might Slow in December

Stocks Are Clawing Their Way Back. Consider These Moves for 2023.

Oil Could Rise After Latest EU Sanctions on Russia. Why a Rally May Not Last.

Why the Bear Market Isn’t Over