Wholesale prices unexpectedly fall 0.1% in December in positive inflation sign
Wholesale prices unexpectedly declined in December, providing a positive signal for inflation, the Labor Department reported Friday. The producer price…
Turkish lira hits fresh record low against the U.S. dollar
The Turkish lira hit a fresh record low against the U.S. dollar on Thursday, trading at 30.005 to the greenback…
Fed Governor Bowman adjusts rate stance, says hikes likely over but not ready to cut yet
Federal Reserve Governor Michelle Bowman, who had been one of the central bank’s staunchest advocates for tight monetary policy, said…
Friday’s jobs report will be a big signal for a market looking for good news
When the December jobs report is released Friday morning, markets will be looking for a number that hits a sweet…
Market forecaster Jim Bianco sees the 10-year Treasury yield surging to 5.5% – a multi-decade high
It’s a level not seen since George W. Bush was president. Wall Street forecaster Jim Bianco is predicting the benchmark…
Fed officials in December saw rate cuts likely, but path highly uncertain, minutes show
Federal Reserve officials in December concluded that interest rate cuts are likely in 2024, though they appeared to provide little…
The Fed is expected to cut interest rates in 2024. Here’s how investors can prepare
With U.S. Federal Reserve officials expecting to cut interest rates in 2024, there are steps investors can take now to…
Fed’s Barkin sees likely soft landing ahead but notes rate hikes still a possibility
Richmond Federal Reserve President Thomas Barkin on Wednesday expressed confidence that the economy is on its way to a soft…
‘Big Short’ investor Steve Eisman worries ‘everybody is coming into the year feeling too good,’ sees room for disappointment
Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with…
Fed’s favorite inflation gauge shows prices rose at 3.2% annual rate in November, less than expected
A gauge the Federal Reserve uses for inflation rose slightly in November and edged closer to the central bank’s goal.…
