The US economy grew at the fastest pace in nearly two years last quarter on a burst of consumer spending, which will be tested in coming months. Gross domestic product accelerated to a 4.9% annualized rate, more than double the second-quarter pace, according to the government’s preliminary estimate Thursday. The economy’s main growth engine — … Read more
Stock Market Today: Dow, S&P Live Updates for September 22 Bloomberg Source link
Treasuries sank as a handful of companies flooded the market with billions of dollars in debt sales before this month’s key economic data and the Federal Reserve’s rate decision. Stocks fell and the dollar hit the highest since March as a rally in oil added to concern about inflation. Bonds were hit across the US … Read more
Bank of Japan Governor Kazuo Ueda said price growth remains slower than the central bank’s goal, explaining why officials are continuing with their current monetary-policy strategy. Policymakers from around the world have traveled to the resort town of Jackson Hole, Wyoming for a two-day economic symposium hosted by the Kansas City Fed. In a speech … Read more
Two Federal Reserve officials said policymakers may be close to being done with interest-rate increases, but one held back from ruling out further hikes until inflation is more clearly on a downward path. “We may need additional increments, and we may be very near a place where we can hold for a substantial amount of … Read more
Higher Yields: Meet the New Bonds, Same as the Old Bonds Bloomberg Source link
A closely watched measure of US inflation will probably illustrate more of the moderate price growth that the Federal Reserve wants to see sustained. The consumer price index is projected to rise 0.2% in July for a second month after excluding food and energy costs, marking the smallest back-to-back gains in 2 1/2 years. Economists … Read more
As we await today’s Federal Reserve minutes, the mood on the set of Surveillance was decidedly wary. Coming back from the July 4 holiday, market participants are counting on gleaning insights from the discussions that resulted in the FOMC holding rates at their June 14 decision, after 10 consecutive moves higher. Source link