Strong U.S. growth, weak inflation leave Fed stuck happily on hold
The Federal Reserve is expected to hold interest rates steady at its policy meeting this week as policymakers balance recent stronger-than-expected U.S. economic growth against sluggish inflation.
US core capital goods orders post the biggest gain in 8 months
New orders for U.S.-made capital goods increased by the most in eight months in March.
There is no threat to this bull market, says Wharton’s Jeremy Siegel
Money is moving into stocks and it looks like the trend is here to stay for a while, says Wharton’s Jeremy Siegel.
S&P 500 and Nasdaq close at record highs after strong GDP report
The S&P 500 and Nasdaq Composite closed at record highs on Friday as better-than-expected economic data offset a mixed batch of corporate earnings.
China trade deal could spark a big rally, says Jeremy Siegel
Jeremy Siegel, professor of finance at the Wharton School, discusses the markets following a week of record highs on CNBC’s “Closing Bell.”
Trade, inventories power U.S. economy to 3.2 percent growth in first quarter
U.S. economic growth accelerated in the first quarter, but the burst in growth was driven by a smaller trade deficit and the largest accumulation of unsold merchandise since 2015, temporary factors that are likely to reverse in the coming quarters.
Global tightening cycle over, slower ride for growth ahead: Reuters Poll
Major central banks are done tightening policy, according to a majority of economists polled by Reuters, with the growth outlook wilting across developed and emerging economies along with scant prospects for a surge in inflation.
Exports, inventories seen boosting U.S. first-quarter growth
The U.S. economy likely maintained a moderate pace of growth in the first quarter, which could further dispel earlier fears of a recession even though activity was driven by temporary factors.
US weekly jobless claims post biggest rise in 19 months
The number of Americans filing applications for unemployment benefits increased by the most in 19 months last week.
The feared ‘earnings recession’ is not showing up in the first-quarter numbers
Now that more than a third of the S&P 500 companies have reported, earnings growth looks to be flat this quarter, not negative as many Wall Street analysts expected.