President of the Federal Reserve Bank of San Francisco, Mary Daly, told the Financial Times in an interview, published on Thursday, that it is too early for the Fed to “declare victory” over curbing inflation. “There’s good news on the month-to-month data that consumers and business are getting some relief, but inflation remains far too …
Continue reading “Too early to ‘declare victory’ over inflation – Fed’s Daly”
The annual inflation in the United States decreased to 8.5% in July, the Labor Statistics Bureau revealed in its report on Wednesday. Month on month, the Consumer Price Index (CPI) was unchanged compared to June. The gasoline and energy indexes fell 7.7% and 4.6% in July. Meanwhile, the food index kept rising, gaining 1.1% monthly, …
Continue reading “US inflation “DOWN” (HA HA HA HA) to 8.5% in July”
Traders, investors and economists are all counting on Wednesday’s consumer-price index report to show a decline in the annual headline U.S. inflation rate for July. But there’s another figure buried in the consumer-price index data that has the propensity to jolt markets. It’s called the core year-over-year CPI reading, a measure which strips out volatile …
NB: This is a long story. I strive to make my news posting brief and concise. In this case their is a lot to report. This GUARANTEES THE REPUBLICAN SWEEP IN THE FALL ELECTIONS. taking both the the house and senate by wide majorities in the house WASHINGTON — The FBI searched Donald Trump’s Mar-a-Lago …
The pace of the stock market’s rise as it continues a bounce off the June lows is nearing a magnitude that’s preceded “huge” moves in the past. The dilemma for investors is that those moves can be in “either direction,” analysts at Jefferies observed in a weekend note. Through Friday, the S&P 500 SPX, -0.12% …
Continue reading “Big Bet….. Stock Market MAY Crash this month……”
WTI oil prices have given up nearly all their gains since Russia invaded Ukraine, falling roughly 9.5% over the course of the week amid fears oil demand is collapsing. Some oil pundits are now claiming that the Biden administration has been fabricating low gasoline demand data in order to drag prices lower. While Gasbuddy claims …
NEW YORK, Aug 5 (Reuters) – A rally in U.S. stocks that has powered on despite skepticism from Wall St faces a reality check in the coming week, as key inflation data threatens to shut the door on expectations of a dovish shift from the Federal Reserve. The S&P 500 (.SPX) has walked a tightrope …
Continue reading “Inflation data may seal fate of bear market rally”
WASHINGTON (AP) — The federal government declared a public health emergency Thursday to bolster the response to the monkeypoxoutbreak that has infected more than 7,100 Americans. The announcement will free up money and other resources to fight the virus, which may cause fever, body aches, chills, fatigue and pimple-like bumps on many parts of the …
Continue reading “US declares monkeypox a public health emergency”
SEOUL, Aug. 4 (Yonhap) — South Korea’s new COVID-19 cases stayed above 100,000 for the third straight day Thursday amid a fresh wave of infections driven by a highly infectious omicron variant. The country added 107,894 new COVID-19 infections, including 435 from overseas, bringing the total caseload to 20,160,154, the Korea Disease Control and Prevention …
Continue reading “S. Korea’s COVID-19 tally above 100,000 for 5th day in a row……. bark Bark”
It’s a long time in market terms until late September, but Friday’s red-hot July jobs report has traders penciling in a third 75 basis point rate rise by the Federal Reserve at their next meeting. Fed-funds futures reflect a 67% probability the Federal Open Market Committee would move the rate up by 75 basis points, …
Continue reading “A red-hot July jobs number has traders penciling in another jumbo Fed rate hike”