Opinion: The Federal Reserve is missing a crucial turning point in its fight against inflation because it believes in flawed data

The Federal Reserve can’t see the likely economic crash ahead because it’s still looking in the rearview mirror, seeing nothing but high inflation. The danger arises because the consumer price index and the price index for personal consumption – the two main measures of inflation – have a fatal flaw in the way they measure … Read more

Dow poised to confirm bear market status as recession fears mount

Register now for FREE unlimited access to Reuters.com Register Sept 23 (Reuters) – The blue-chip Dow Jones Industrial Average (.DJI) plunged Friday, picking up pace to confirm it has been in a bear market after falling 20% ​​from its January record. The Dow would be the last of the three major indices to gain bear … Read more

Even after the market collapse, investors are still making two unlikely assumptions about the next six months, says economist

Not for the first time, inflation figures surprised the market. The bad news was the S&P 500 SPX, +0.20% saw the largest one-day decline in two years, down 4.2%. The good news is that if you check your 401(k), you won’t be back to last week’s level until the early hours of Wednesday. A month … Read more

Dow down 1,000 points as losses mount, stocks face worst session since mid-June

The Dow fell more than 1,000 points towards its final trading hour on Tuesday as losses accelerated, led by technology stocks, as bond yields rose, keeping all three stock benchmarks on track for their worst session since at least mid-June after an unexpected rally consumer price inflation in August. What is going on The Dow … Read more

Wall Street collapses as inflation figures fuel bets on major rate hikes

Register now for FREE unlimited access to Reuters.com Register US consumer prices rise more than expected in August Trading price in a small chance of 100 bps rate hike Indices down: Dow 1.87%, S&P 2.30%, Nasdaq 3.07% 13 Sept. (Reuters) – US stock indices fell sharply on Tuesday, breaking a four-day winning streak after data … Read more

Wall Street poised for higher opening as focus shifts to inflation data

Register now for FREE unlimited access to Reuters.com Register Already eyes on August CPI report on Tuesday Bristol Myers Rises on FDA Approval for Psoriasis Drug Twitter Says Musk’s Latest Attempt To Undo the Deal Is Void Futures up: Dow 0.08%, S&P 0.30%, Nasdaq 0.26% 12 Sept. (Reuters) – US stock indices were set to … Read more

Bad news for equities: Fed will be surprised how harsh rate hikes hit the economy, says BlackRock

Federal Reserve policymakers are about to surprise themselves — and not in a good way when it comes to stocks and other assets considered risky, according to analysts at BlackRock Investment Institute. BlackRock has argued that investors are facing a ‘regime shift’ as the COVID-19 pandemic rocked an unusual period of mild volatility in output … Read more

Wall St Extends Losses As Fed Concerns Continue

A trader works on the trading floor of the New York Stock Exchange (NYSE) in Manhattan, New York City, US, Aug. 8, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register ISM service sector data beats estimates Bed Bath & Beyond Shares Sink After CFO’s Death Wall St is coming off three … Read more

US is on track for a soft landing, says Goldman Sachs chief economist

It is too early to declare victory, but Federal Reserve chairman Jerome Powell is on track to steer the US economy towards a soft landing. That is the view of Goldman Sachs chief economist Jan Hatzius, in a new note to customers. “Since the FOMC began raising the fund rate early this year, we’ve argued … Read more

UK may be heading for new IMF bailout, strategist warns

Is the UK heading for an International Monetary Fund bailout? That is the view of Peter Chatwell, head of global macro trading strategies at Mizuho Securities, as expressed in an interview on Bloomberg Television on Monday. Liz Truss, he says, is promising fiscal policies that the government cannot afford. And he doesn’t believe the Bank … Read more