About: josephine
Recent Posts by josephine
The Fight Against Inflation is Far from Over, Fed Officials say
US stocks plunged on Monday, as the earnings season wrapped up and the threat of an economic recession still looming large amid warnings from Fed officials that the fight against inflation is far from over. That stance will likely be reinforced by Jerome Powell Friday at the prestigious event in Wyoming’s Grand Teton mountains, which Continue Reading
Sudden Pullback in Tech Shares, US Stocks Move Higher
US stocks advanced on Tuesday, and closed higher following a sudden pullback in tech shares, as investors assessed the latest round of upbeat earnings against a backdrop of growing concerns over slowing growth and rising borrowing costs. Moreover, reports Monday indicating a sharp drop in New York state manufacturing along with the longest streak of Continue Reading
Fed will Continue to Tighten with a Slowing Economy
US stocks declined on Tuesday, as the markets are bracing for hawkish talk at the Jackson Hole event after recent comments from officials convinced many investors the Fed will continue to tighten even with a slowing economy. Apart from that, data Tuesday showed sales of new US homes fell for the sixth time this year Continue Reading
Markets are Hesitant until the Fed’s Jackson Hole Speech
The US stocks little rallied on Wednesday, stock traders remained hesitant to make any huge wagers ahead of Jerome Powell’s speech on Friday, which may provide clues on how hawkish the Federal Reserve will be in the face of mounting economic challenges. In the run-up to the all-important Jackson Hole annual conference that will be Continue Reading
Markets await Wednesday’s Inflation reading. Still high but anticipated to cool down.
Stocks retreated on Tuesday, as a downbeat outlook from a giant chipmaker, Micron, added to recession fears. Investors were unwilling to make any risky moves before Wednesday’s pivotal inflation reading, which is forecasted to cool a bit while remaining at high levels. The report will come on the heels of recent jobs figures underscoring slid Continue Reading
