Momentum for Biden to Step Aside Accelerating, Analyst Fordham Says

The red-hot Washington debate over whether President Joe Biden will scrap his run for re-election is spilling into Wall Street. We discuss the chances of Biden pulling out of the race, and whether Kamala Harris has emerged as the clear alternative with Geopolitical Strategist & Founder of Fordham Global Foresight, Tina Fordham and Bloomberg Opinion's John Authers.

Bloomberg03:28 ET

The Fed's Ambivalence: What Investors Can Expect from Its Dovish Shift

While the Federal Reserve has kept interest rates unchanged, recently released economic data such as PCE, CPI, and the unemployment rate suggest that inflation is trending in the right direction, leading the market to believe that a cycle of decreasing interest rates will begin soon. However, the debate continues; it's not about "whether or not," but rather "when and how" rate cuts will occur.

Analysts Notebook02:55 ET

U.S. Stock Futures Tread Water As Nonfarm Payrolls Approach

U.S. stock index futures moved little in holiday-thinned trade on Thursday evening, with focus turning squarely towards key nonfarm payrolls data for more cues on interest rates.

Business Today19:30 ET

US June Nonfarm Payrolls Preview: Business Survey Indicates Services Sector's Employment Is Losing Steam

US June's nonfarm payrolls report will be released at 8:30 ET this Friday. The median forecast of analysts for the June nonfarm employment is 189,000,down from 272K in May. The unemployment rate is expected to remain at 4.0%.

Investing with moomooJul 4 09:13 ET · Macro

The US Federal Reserve has been slow to cut interest rates, and the size of the US money market has surpassed 6.15 trillion US dollars, reaching a new high.

In the week ending on the 2nd, there was a inflow of approximately $51.2 billion into the US fund market, the largest inflow in three months. Some analysts pointed out that as long as the Federal Reserve continues to hold steady, funds will continue to flow into currency funds.

wallstreetcnJul 4 08:23 ET

Fed Wanted More Evidence of Cooling Inflation, Minutes Show

Federal Reserve officials said they were awaiting additional evidence that inflation is cooling and were divided on how long to keep interest rates elevated at their last policy meeting. Bloomberg's Michael McKee reports on what the minutes from the June meeting said.

BloombergJul 4 06:13 ET