The U.S. dollar has had a relatively strong start to 2024 — but some analysts believe the greenback is still more likely than not to depreciate over the…
Read more The U.S. dollar had a strong start to 2024. Here’s why it’s unlikely to last.The numbers: A closely watched index that measures U.S. manufacturing activity rose by 0.7 percentage point to 47.4 in December, according to the Institute for Supply Management on Wednesday.…
Read more U.S. manufacturing sector shrinks for 14th straight month in DecemberFederal Reserve Chairman Jerome Powell startled economists with a press conference Wednesday that was viewed as much more dovish than expected. It was “12 doves a-leaping,” said Michael…
Read more Powell surprises with dovish turn; economists mull how many Fed rate cuts in '24This is a developing story. Stay tuned for updates here. The numbers: The University of Michigan’s gauge of consumer sentiment rose to a preliminary December reading of 69.4 from…
Read more Consumer sentiment jumps in early December for the first increase in five monthsThe numbers: U.S. new-home sales fell 5.6% to a seasonally adjusted annual rate of 679,000 in October, from a revised 719,000 in September, the government reported Monday. Analysts…
Read more New-home sales drop in October to much lower level than expectedLong positions in the U.S. dollar is now considered the most crowded trade, according to a survey conducted by the Bank of America with global fund managers, but…
Read more Long U.S. dollar now seen as the most crowded trade, but bodes ill for the greenbackThe Japanese yen roared back violently against the dollar Tuesday amid fears of intervention by Tokyo after trading at its weakest in nearly a year after a round…
Read more Japanese yen sees wild swing amid intervention fears after falling to nearly 1-year low versus dollarAnalysts are ringing alarm bells over a surge by the U.S. dollar, warning it may be set to serve as another “headwind” for U.S. stocks as they struggle…
Read more Why a surging U.S. dollar is about to become a problem for stock-market bullsThis former Fed insider has 3 big takeaways from Powell’s press conference Source link
Read more This former Fed insider has 3 big takeaways from Powell’s press conferenceGetting staff back to the office is only part of the battle. Regional banks that went big lending on office properties also face a ticking time bomb of…
Read more Why the Fed’s next decisions on rates could lead to a wave of commercial-debt defaultsThe U.S. economy could expand at about a 2.2% annual rate in the current quarter, according to a revamped real-time estimate from the New York Federal Reserve released…
Read more U.S. economy seen growing at about a 2.2% annual rate in the July-September quarter, according to real-time New York Fed estimateNew York Fed President John Williams on Thursday sounded content with the current level of interest rates, but said he will be watching data closely to make sure…
Read more Fed’s Williams says monetary policy is in a ‘good place,’ recession talk ‘has vanished’Investors sitting on the sidelines in cash and in money-market funds might consider moving into longer-dated bonds sooner rather than later, according to Saira Malik, chief investment officer…
Read more Investors parked heavy in cash may be making a ‘mistake’, Nuveen saysEconomists don’t much like presidential-campaign seasons. For them, it’s a bit like seeing their manicured gardens getting trampled by schoolchildren having a water-balloon fight. Robert Brusca, the president…
Read more Republican debate: Why you may hear big numbers like 19% inflation, and how to make sense of it allThere is room for a continued selloff in U.S. Treasurys which has already pushed 10- and 30-year yields to their highest levels since 2007 and 2011, according to…
Read more The selloff in Treasurys isn’t over yet, Barclays warnsThe numbers: The import price index rose 0.4% in July, the Labor Department said Tuesday. This is the biggest gain since May 2022. Economists surveyed by the Wall…
Read more Import prices jump in July by largest amount in more than a yearFor the last 18 months, all you’ve heard from the markets is that the U.S. economy is three months away from a recession. Now, the popular analysis is…
Read more Hate to spoil the party but there’s a new risk in town — a ‘no landing’ economyThe numbers: The University of Michigan’s gauge of consumer sentiment inched down to a preliminary August reading of 71.2 after hitting a 22-month high of 71.6 in the…
Read more Consumers seeing substantial improvement in U.S. economy over past 3 months: University of Michigan surveyThe numbers: The U.S. producer price index rose 0.3% in July, the Labor Department said Friday, up from a revised flat reading in June and the largest gain…
Read more U.S. wholesale prices surprise to the upside in July, PPI showsFormer Federal Reserve Vice Chair Richard Clarida on Thursday said he thinks another interest-rate hike this year would be a wise move by the U.S. central bank. In…
Read more Former Fed official Clarida backs another interest-rate hike this year
