Traders see higher likelihood of 50-basis-point-rate hike in February and 5%-plus fed funds rate by March
Traders raised the likelihood of a half-percentage-point February rate hike by the Federal Reserve on Thursday after Kansas City Fed President Esther George told CNBC...
Gold hits fresh 6-month high as dollar weakens, yields retreat
Gold prices climbed on Wednesday to their highest levels in more than six months as the precious metal’s latest winning streak continued, driven in part...
‘The Fed Is Going to Overdo It’: Financial Markets Finally React to U.S. Central Bank: MW
Financial markets absorb the Federal Reserve’s stridently hawkish interest-rate outlook for 2023, plus fresh signs of a weakening U.S. economy [ad_2] Source link...
Fed funds futures traders see more-than-50% chance of 25-basis-point rate hike in February after CPI report
The chances of a quarter-of-a-percentage point rate hike by the Federal Reserve next February jumped to 58.1% after November’s consumer-price index report, up from 35.1%...
Gold prices settle back above $1,800, up a third straight session
Gold notched a third straight gain on Thursday, with prices settling back above $1,800 an ounce for the first time in four sessions. Analysts cited...
This trader sees a 43% drop for the S&P 500 and says to take shelter in these ETFs instead.
Investors may have gotten overly excited this week about comments from Fed Chairman Jerome Powell. The Fed chief’s suggestion of a 50 basis point hike...
The Fed pivot will be good for gold in 2023, says Bank of America
It’s jobs Friday again. Equity bulls were hoping for a nonfarm payrolls report that is sufficiently cool that it allows for the narrative of a...
Costco stock slides 6% as Oppenheimer removes it from top pick list after disappointing November sales numbers
Costco Wholesale Corp. stock COST, -6.56% tumbled 6% Thursday after an update of November sales with Oppenheimer analysts fretting that the figures showed trends have...
‘Wealth effect on steroids’: Here’s the potential fallout from $22 trillion lost by investors this year, according to BofA
Bank of America says a “wealth effect on steroids” may impact the U.S. economy as a result of the fall in the value of stocks...
Tech layoffs approach Great Recession levels: ‘It was not sustainable or real’
The number of tech layoffs this year is nearing annual levels seen during the Great Recession, but is far from dot-com-bust territory. As technology companies...