On the eve of one of the most consequential Jobs Fridays maybe ever, Jeffrey Snider says markets reflect an ongoing struggle between central b
The Institute of Supply Management’s services gauge sank to its lowest level in two years, mortgage demand declined despite falling rates, and
Commodity prices are collapsing, the U.S. dollar is soaring, and the yield curve has inverted again: This is not an auspicious combination.
The major U.S. equity indexes edged into positive territory after opening in the red, even as a measure of U.S.
Stocks are sliding and bonds are rallying, as investors react to accumulating evidence that inflation will persist even though the economy is
U.S.
Russia defaulted on its external debt for the first time in more than a century, a technical breach brought about by historic sanctions on Vla
All three major U.S.
The Federal Reserve’s commitment to cooling inflation remains “unconditional,” said Jerome Powell in a second day of congressional testimony,
Federal Reserve Chair Jerome Powell, testifying before Congress on Wednesday, said the central bank is “strongly committed” to bringing down i
The Dow Jones Industrial Average surged nearly 2% Tuesday, and it was the laggard among the major U.S.
Stocks held modest gains ahead of Friday’s close, but it’s a fraught rally to close the worst week for the S&P 500 since March 2020.
“You don’t buy when there’s ‘blood in the streets,’” notes Darius Dale. “You buy when there’s a catalyst to clean it up.” U.S.
The Federal Open Market Committee announced the biggest increase to the federal funds rate in a quarter century, the Bank of Japan stepped up
The producer price index was up 0.8% month over month and 10.8% on an annual basis in May, and Wall Street economists are racing to update for