S&P 500, Nasdaq Close at Fresh All-Time Highs Ahead of Fed Powell's Testimony at Capitol Hill | Wall Street Today
The S&P 500 and Nasdaq closed at fresh all-time highs as traders awaited the Fed chair's testimony on Capitol Hill, the start of earnings season, and the June consumer price index this week.
Oppenheimer Asset Management Increased Its Year-end S&P 500 Target to 5,900
Goldman Sachs' Tactical Specialist Scott Rubner Says He's on 'Correction Watch' for Stocks
USD: Inflation and Powell in Focus This Week – ING
The dollar is modestly stronger out of the weekend as a surprise win of the left-wing alliance in the French second-round legislative elections sent European currencies lower and fuelled some safe-haven demand, with the Japanese Yen (JPY) and Swiss franc (CHF) rising, ING’s analyst Francesco Pesole suggests.
Bullish on the big transaction, causing a buzz in the market. This is probably the most important trade in the second half of the year.
Wall Street major banks have collectively spoken out, stating that the normalization of the US yield curve - where the slope becomes steeper - will be the most important trade in the second half of this year.
From "to cut or not to cut interest rates" to "who will be elected", predicting this business has become popular!
From new movie reviews to key economic data, from Federal Reserve rate cuts to US elections... Predicting markets is quietly rising.
Rate Cut Expectations Rekindled, Pushing the Market to New Highs. What Other Catalysts Could Trigger a Rate Cut?
This week, Federal Reserve Chairman Jerome Powell's semiannual congressional testimony and the highly anticipated U.S. June CPI data may continue to be catalysts for the "rate cut trade."
Looming Powell Testimony, Inflation Data Stifle US Equity Futures Pre-Bell
US equity futures were little changed Monday as traders stayed on the sidelines ahead of Federal Reserve Chair Jerome Powell's congressional testimony and inflation data later in the week.
Rieder Says Rates Not Going Far, Stocks to Grind Higher
Rick Rieder, BlackRock CIO of global fixed income, says the current environment provides a pretty good opportunity to take advantage of markets on Bloomberg Television.
Flanders: Rate of Job Growth Has Been Exaggerated
Stephanie Flanders, Bloomberg News Head of Economics and Government, tells us why she sees evidence of softening in the labor market and what that might mean for the Fed's policy decisions.
7/8 [Strength and weakness materials]
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What to Expect in the Week Ahead (JPM, DAL, C, and PEP Earnings; CPI and Fed Chair Powell Testimony)
Federal Reserve Chair Jerome Powell will deliver his semiannual monetary policy report to Congress. Thursday's CPI inflation data release. Additionally, the US earnings season begins, with major banks reporting amid low market volatility.
Further Rise in Jobless Rate May Prompt BNP Paribas to Call for Two Rate Cuts in 2024
S&P 500, Nasdaq Close at Record Highs After Jobs Report Brings Hopes for Fed Rate Cuts | Wall Street Today
The S&P 500, Nasdaq ended the week at all-time highs, with traders looking past signals of Friday’s jobs report to focus on prospects for Federal Reserve rate cuts.
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%.
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.
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.
US Stocks Rally Into Headwinds With Jobs Data In Focus
The S&P 500 closed above 5,500 for the first time on Tuesday, its 32nd record this year, while the Nasdaq 100 also set an all-time high with its first close above 20,000. Nvidia didn't drive that climb this time around. All the while, more S&P 500 stocks have been declining since May as more headwinds line up against those gains. Investors will closely watch the upcoming nonfarm payrolls and unemployment rate releases for clues on the health of the US economy and whether the current Goldilocks narrative is starting to fade. Nour Al Ali joins Bloomberg TV to discuss.
The US election has stirred up the market! The speculation around Biden's withdrawal continues to ferment, and Wall Street turns to 'Trump's trade'.
Traders are adjusting their positions.
Fed Officials Signaled No Hurry to Cut Rates
Fed minutes showed officials were broadly comfortable with their wait-and-see stance on changing interest rates and highlighted a range of views about what might prompt the Fed to raise or lower rates.