What's breaking now, across thousands of outlets.
Investors are bracing for an important inflation report that could determine the near-term direction for interest rates.
We haven't written up this one. CNBC has the full story — the link below goes straight to it.
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July’s US inflation report gave markets precisely for what they were braced. Headline CPI rose 3.4% year-over-year, core CPI came in at 2.5%, both a tenth of a point softer than June, both landing squarely on consensus. Stocks will likely take this as vindication, but I believe that investors should read it more carefully.
[NEW YORK] The S&P 500 and the Nasdaq opened higher on Wednesday (Aug 12) as investors assessed largely in-line inflation data, while...
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JPMorgan Asset Management’s chief global strategist said the Federal Reserve should keep interest rates unchanged and predicted that inflation will gradually come down as evidence mounts that a sustained wage-price spiral won’t take root.
