Underlying US inflation pressures subside in August
Lucia Mutikani Reuters September 29, 2023 Consumer spending increases 0.4% in August Core PCE price index gains 0.1%; up 3.9% year-on-year Underlying U.S. inflation pressures moderated in August, with the annual rise in prices excluding
The Fed’s New Dot Plot After Its September Policy Meeting: Chart
Vince Golle Bloomberg September 20, 2023 The Federal Reserve’s so-called dot plot, which the US central bank uses to signal its outlook for the path of interest rates, shows the median year-end projection for the
Bank of America raises year-end S&P 500 price target, says rally will broaden out from here
Sarah Min Bloomberg September 20, 2023 Bank of America’s Savita Subramanian raised her 2023 year-end S&P 500 price target to 4,600, saying the rally will broaden out from here. The equity and quant strategist increased
Rising Rates Make Big Companies Even Richer
James Mackintosh The Wall Street Journal September 15, 2023 The amount companies earn from cash in the bank is going up even as interest costs fixed during the pandemic stand still. The Federal Reserve jacked up
Earnings Estimates Are Rising, a Welcome Sign for 2023 Market Rally
Karen Langley The Wall Street Journal September 10, 2023 Stock advances have surprised many investors, partly because expectations for company earnings hadn’t kept up. Wall Street expects corporate earnings to rebound after three quarters of
US services sector picked up in August, along with prices
Ann Saphir Reuters September 6, 2023 The U.S. services sector unexpectedly gained steam in August, with new orders firming and businesses paying higher prices for inputs -- potential signs of still-elevated inflation pressures. The Institute
Fed Officials Set to Double Growth Forecast Amid Strong Data (1)
Steve Matthews Bloomberg September 6, 2023 Resilience may lead to fewer rate cuts penciled in for 2024 Separate tracker from Atlanta Fed is at 5.6% for third quarter The US economy has been looking so
Strategists Scramble to Catch Up as S&P 500 Rally Rumbles On
Farah Elbahrawy Bloomberg August 25, 2023 Oppenheimer’s Stoltzfus raises year-end target to 4,900 Morgan Stanley’s Wilson turned less bearish on Monday There’s a shift in tone happening across Wall Street. Oppenheimer Asset Management’s Chief Investment
Powell Signals Fed Will Raise Rates If Needed, Keep Them High
Catarina Saraiva and Craig Torres Bloomberg August 25, 2023 Fed in position to ‘proceed carefully’ at upcoming meetings Stronger economy could push up inflation, warrant more hikes Federal Reserve Chair Jerome Powell said the US central bank
U.S. dollar defies China, Russia and Wall Street skeptics as 2023 rebound continues
Joseph Adinolfi MarketWatch August 28, 2023 A popular gauge of the dollar’s value is nearing its highest level in 6 months The U.S. dollar is proving its haters wrong. Not only is the buck defying