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Gold Bull Peter Schiff Says Inflation Headed 'Far Higher' As Powell 'Refuses To Acknowledge' Policy Mistake During COVID-19
2024 May 15, 7:50am | 573Federal Reserve Chair Jerome Powell on Tuesday warned of rates remaining higher for longer but qualified the April producer price inflation report as mixed. More importantly, he reassured the next rate move will unlikely be upward. Economist Peter Schiff, an inflation...
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Wall Street Futures Pause As April Inflation Worries Eclipse Meme Stock Mania 2.0: Why This Analyst Bets May Will Be 'Strong Month'
2024 May 15, 7:08am | 1405U.S. stock futures were flat Wednesday morning as investors awaited a crucial report on consumer prices. The Consumer Price Index (CPI) for April is expected to significantly impact market direction due to its influence on Federal Reserve interest rates. Currently, the futures market predicts a...
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Don't Panic Yet! Ahead Of Key April Inflation Data, Economist Points To Charts That Hint At 'Some Good News' — 'Fed Beige Book Nailed This'
2024 May 15, 5:03am | 617The producer price inflation report released on Tuesday stirred worries concerning a hot consumer price inflation print, which weighed down on the market in early trading. An economist, however, pointed to a data point that could allay concerns about pricing pressure. What Happened: The results of...
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Wall Street Trades Flat On Mixed Producer Inflation; Meme Stocks See Wild Ride, Bitcoin Drops: What's Driving Markets Tuesday?
2024 May 14, 1:58pm | 918Wall Street is experiencing a subdued trading session, with all major indices showing minimal movement around midday in New York. The latest producer inflation data provided mixed signals ahead of the highly anticipated consumer inflation report on Wednesday. Fed Chair Jerome Powell reiterated his...
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Expect Rate Cuts, Not Recession: Fund Managers Most Bullish On Stocks In Over 2 Years
2024 May 14, 11:22am | 846Most investors do not expect a recession in the next 12 months. That’s according to the latest Global Fund Manager Survey (FMS) conducted by Bank of America. The report, released Tuesday, shows optimism in the stock market at its highest level since November 2021 buoyed by expectations that...
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Nasdaq, S&P 500 Futures On Edge As Traders Gear Up For PPI Data, Powell's Speech: Why This Analyst Remains Hopeful Despite Market Losing Some Momentum
2024 May 14, 7:06am | 1024The market mood appears to be fidgety early on Tuesday as traders eye the week’s twin inflation reports and other market-moving economic events. The producer price inflation report due ahead of the market opening could give a decisive direction when stocks open for trading. Traders may also...
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US Consumers Brace For Higher Inflation, Home Price Surge: New York Fed Survey
2024 May 13, 3:31pm | 641The latest Survey of Consumer Expectations (SCE) from the Federal Reserve Bank of New York shows American consumers are bracing for increased inflation and the fastest home price growth in nearly two years, alongside an evolving outlook on the labor market and taxes. Key Findings From New York Fed...
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Yellen Calls For Fair Trade With China, Urges Other Central Banks To Limit Currency Interventions
2024 May 13, 12:04pm | 791In an interview on Monday, Treasury Secretary Janet Yellen outlined the current administration’s stance on several key economic issues, including tariffs on China and the need for domestic investment in strategic sectors, such as semiconductors and clean energy, which she believes are...
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Biden Vs. Trump: Incumbent Fails To Win Voter Confidence To Steer Economy As New Poll Identifies Inflation As Major Pushback
2024 May 13, 10:07am | 825Bidenomics has not cut much ice with the American voters, with new poll results published on Sunday showing that voters’ approval of President Joe Biden’s economic policies took a further dent. Approval Rating Slips: Merely 39% of the respondents said they strongly/somewhat approved of...
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April Inflation Data Preview: Why Analysts Expect Price Pressures To Cool
2024 May 13, 9:43am | 690Following three consecutive releases of inflation rates surpassing expectations, traders are anxiously awaiting the April Consumer Price Index (CPI) report, set to be released by the Bureau of Labor Statistics this Wednesday. Analysts foresee a drop in both the overall Consumer Price Index (CPI)...
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Wall Street Poised For Positive Start To Week, But Inflation Worries Loom: Analyst Points To Data Showing 'Clear Sign Of Buying Pressure'
2024 May 13, 7:09am | 1301U.S. stocks look to start a data-heavy week on a firm note, with the major index futures pointing to a modestly higher open in early trading. Given the lack of any meaningful catalysts, stocks may have to find inspiration elsewhere to keep the upward trajectory intact, while a slew of first-tier...
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Elon Musk Compares Working Of Federal Reserve To Rules Of Board Game Monopoly: 'The Bank Never Goes Bankrupt'
2024 May 12, 11:52pm | 595Elon Musk has drawn an intriguing comparison between the Federal Reserve and the rules of Hasbro‘s (NASDAQ:HAS) game Monopoly, suggesting that the Federal Reserve operates in a similar manner to the game’s bankruptcy rules. What Happened: On Sunday, Musk took to social media platform X...
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Kashkari Vs. Goolsbee, Hawk Vs. Dove: What's Next For The Fed?
2024 May 10, 3:46pm | 664Two Federal Reserve presidents, traditionally opposed in their respective stances, seem to agree on at least one matter concerning the future direction of monetary policy. Austan Goolsbee, President of the Chicago Federal Reserve, leans toward the so-called “doves.” Neel Kashkari,...
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Consumer Sentiment Falls In May, Inflation Expectations Strongly Exceed Fed's 2% Goal: 'They Now Perceive Negative Developments'
2024 May 10, 10:25am | 479The latest University of Michigan report shows a troubling drop in U.S. consumer confidence, signaling potential weakness in household finances alongside a worrying increase in consumer inflation expectations. “Consumer sentiment retreated about 13% this May following three consecutive months...
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US Stocks Set To End Week Strong With S&P 500 Eyeing Break Above Late-March Peak: Analyst Says He's Still A Buy In May Amid This Positive Signal
2024 May 10, 7:16am | 1281U.S. stocks are on track to finish the week on a high, with the index futures pointing to a higher opening on Friday. The recent string of weak data has given raise to hopes that the Federal Reserve may have to relent and take rates lower. A few Federal Reserve speeches scheduled for the day will...