The stock market is getting a jolt from the inflation report. This isn’t the kind of rally that will likely peter out—believe in this one. All three major U.S. stock indexes jumped more than 1% Tuesday morning, with the Nasdaq Composite coming close to a 2% gain. That comes after data showed the consumer price … Read more
Share: GBP/USD Forecast: Pound Sterling needs a hawkish BoE to clear 1.2200 GBP/USD gathered bullish momentum and registered gains on Wednesday after dropping below 1.2100 earlier in the day. The pair continued to stretch higher toward 1.2200 on Thursday but lost its traction, with investors refraining from taking large positions ahead of the Bank of … Read more
This year has posed an unusual array of challenges for investors, and more could be in store. The major stock market indexes are still up in 2023, powered by a narrow slice of technology stocks, but have been losing ground rapidly. Bond yields have risen sharply, topping 5% on some government debt. The economic outlook … Read more
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