AP – Wall Street capped a choppy week of trading with a broad stock market rally on Friday, as the S&P 500 notched its fourth consecutive weekly gain. The benchmark index closed 1.7 per cent higher, for a 3.3-per-cent weekly gain. The S&P 500 hadn’t posted such a good stretch since November. The Dow Jones […]
Over the next few weeks, a steady stream of second-quarter earnings reports will reveal how companies have navigated historically high inflation, continued supply chain challenges, and shifts in consumer spending from goods to services.
Skyrocketing Energy Prices Bring Back Bad 1970s Memories etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
The Conference Board’s monthly survey asks whether jobs are plentiful or hard to get, and in May the jobs-are-plentiful response came in at 46.8% versus 36.3% the month before.
Now It’s Jay Powell’s Turn to Speak
Federal Reserve chairman Jay Powell’s speaking engagement on March 4 is, in Horizon’s view, critical for the central bank’s messaging and credibility, and for taming the bond market selloff.
The problem Powell needs to deal with head on is this: some people in the bond market think economic growth will be fast enough, and inflation high enough, to prompt the Fed to tighten policy much earlier than they say they will. The lurch higher in short-term rate expectations – and the dynamics that are driving it – is posing a credibility issue that Powell needs to address.