Gold Breaks Record Highs: What’s Driving the Surge?
Gold has been building on its all-time highs set earlier [...]
Consumer Concerns Rise as Inflation Remains Sticky and Homes Take Longer to Sell
The non-discretionary component of the PCE inflation index has remained [...]
Markets Plunge Amid Recession Fears: Nasdaq Enters Correction Territory as US Jobs Data Sparks Selloff
The market selloff accelerated on Monday morning after Friday’s weak [...]
Powell Highlights Employment Concerns, Suggests Rate Cuts on the Horizon
As expected, the Fed left rates unchanged, but Chair Powell [...]
Economists’ Optimism Wanes for US Consumer Spending in 2024
Economists are becoming less optimistic about US consumer spending in [...]
Stronger Than Expected: June Producer Prices Surge Due to Business Markups
The June increase in producer prices was stronger than expected, [...]
Market Predicts Fed Rate Cuts Amid Weak June Private Sector Job Gains
While the June headline payrolls figure exceeded expectations, private sector [...]
Core PCE Inflation Slows Sharply, Boosting Case for Fed Rate Cut
The core PCE inflation measure slowed sharply in May. [...]
Business Activity Grows While Economic Forecasts Remain Cautious
US business activity strengthened this month, according to the PMI [...]
Investors Predict September Fed Rate Cut: Market Probability at 66%
The University of Michigan’s consumer sentiment index unexpectedly fell this [...]