About: josephine
Recent Posts by josephine
S&P500, Nasdaq 100, and the US Dollar gained as the Fed signalled more rate hikes, indicating the market still fears a worldwide recession
US stocks rose for three days in a row, as investors parsed economic data that hinted at slower growth, which also prompted some to brush off the hawkish stance reiterated by Fed in June meeting minutes. All eyes need to be on the Fed, officials ‘’agreed” last month that interest rates may need to keep Continue Reading
Wall Street hopes Fed can stick a soft economic landing, boosting US stocks Thursday
US stock rebounded through trade on Thursday, as Wall Street jumped on hopes Fed can stick the soft economic landing. Two of the Federal Reserve’s most hawkish policymakers pushed back against fears of a recession as monetary settings tighten. Governor Christopher Waller and St. Louis Fed President James Bullard supported the need for restrictive policy Continue Reading
Strong US job report eased recession fears
US stock closed flat on Friday after struggling for direction throughout the session as the strong US job report eased recession fears but further supported the case for a 75 bps rate hike by the Fed to fight inflation. Earlier in the North American session, the Nonfarm Payrolls report added 372K jobs to the economy Continue Reading
Stocks fell as traders braced for a strong inflation report
Stocks slumped on Monday, with trades positioning for a high inflation reading and the start of a key earnings season that could provide clues as to whether the economy is heading for a recession. On the trade of the day, the dollar climbed, and a sell-off in mega-caps like Tesla Inc. and Apple Inc. weighed Continue Reading
Fed Rate hikes may pull the economy into a recession, ECB’s plans to boost interest rates dragged the Euro lower
US stock declined on Tuesday amid fears that aggressive rate hikes will drag the economy into a recession ahead of Wednesday’s critical inflation report. Slowing economic growth and soaring inflation continued to weigh on investors’ mood across financial markets, as economists said that inflation kept heating up in June and might force the Federal Reserve Continue Reading
