Wall Street’s main indexes rose about 1% on Thursday as retail sales data for July indicated resilient consumer spending.
Read More Wall St marches ahead as retail sales quell slowdown worries
Tag: Federal Reserve
Stocks hold firm as US inflation data keep rate cut hopes alive
Global stocks held steady and government bond yields retreated a touch on Wednesday after data showed U.S. consumer prices rose moderately in July.
Read More Stocks hold firm as US inflation data keep rate cut hopes alive
U.S. Inflation Hits 2.9% In July, Opening Possibility For Fed To Start Cutting Rates
U.S. inflation rose 2.9% in July last month, versus a year ago, which fell below expectations in a result that likely paves the way for the Federal Reserve to finally begin cutting interest rates next month.
Read More U.S. Inflation Hits 2.9% In July, Opening Possibility For Fed To Start Cutting Rates
The Fed has cut rates amid stock swoons before. Not this time
A sharp slowdown in the U.S. job market that touched off days of global stock-market turmoil also fueled speculation the Federal Reserve may not wait until its next scheduled meeting.
Read More The Fed has cut rates amid stock swoons before. Not this time
Jobless Claims Decrease More Than Estimated To Calm Recession Fears For Now
The number of Americans filing new applications for unemployment benefits fell more than expected last week, somewhat easing fears of an unraveling labor market.
Read More Jobless Claims Decrease More Than Estimated To Calm Recession Fears For Now
Wall Street Disaster: Dow, Nasdaq Nosedive As Recession Fears Cause Global Sell-Off
Wall Street’s main indexes plummeted on Monday, as fears are continuing to grow that the United States is going into a recession following last week’s economic numbers ripping through global markets.
Read More Wall Street Disaster: Dow, Nasdaq Nosedive As Recession Fears Cause Global Sell-Off