About: josephine
Recent Posts by josephine
The Fed’s Rate hikes to Control Inflation Weighed on the Market Sentiment
US stocks declined for the first time in four days as investors assessed the outlook for the path of interest-rate hikes after a minute of Federal Reserve’s last meeting noted officials saw risks from tightening more than necessary. Moreover, the stock market rallied on signs of peaking inflation and an earnings reporting season that saw Continue Reading
Consumer prices rose 8.5% in July, less than expected as inflation eased.
US stocks surged on Wednesday, as the release of softer-than-expected inflation data bets the Federal Reserve could pivot to a smaller pace of hikes, while some market watchers take a grain of salt on the view and thought officials may still be a long way from their goal, 2% in the price increase. The July Continue Reading
Markets wait for Powell’s Keynote Speech
US stocks rallied on Thursday, as traders awaited Jerome Powell’s keynote for clues on how much further the Federal Reserve will pump the brakes on the economy to bring inflation back under control. Investors were mostly unfazed by hawkish comments from Fed officials gathering for the annual conference in Jackson Hole, Wyoming. The Fed’s chair Continue Reading
Weekly Jobless Claims Fell, Strength Demand in Labour?
US stocks edged higher on Thursday, as mixed economic and earnings reports failed to spark a broad conviction trade. The weekly jobless claims data fell for the first time in three weeks, a sign of strength in demand for labour, while a gauge of manufacturing activity in the Philadelphia area unexpectedly expanded in August. Meantime, Continue Reading
All Eyes on the US Jobs Reports, Concerns on Inverted Yield Curve.
US stocks wavered on Thursday as traders parsed various corporate earnings against a backdrop of aggressive interest-rate hikes by global central banks. The US yield curve continued to be inverted as recession fears persisted. The S&P 500 ended the session little changed after fluctuating throughout the day. The Nasdaq 100 closed up higher for the Continue Reading
