Stocks were looking to recover losses this morning from a dramatic previous session following the Signature Bank and Silicon Valley Bank failures. More volatility can be expected as investors process history’s second and third-biggest bank failures. However, consumer price data released this morning soothed market...
Stocks pulled back sharply last week as renewed inflation concerns sparked worries of extended rate hikes, erasing nearly all of 2023’s market gains. Tough talk from Fed Chair Jerome Powell during his testimony before Congress on Tuesday suggested that the course of interest-rate hikes could steepen...
Stocks ticked lower this morning and were on track for a losing week after Federal Reserve Chair Powell reaffirmed the central bank’s aggressive stance in its fight against inflation. Nearly half of all market participants are now betting on a 50 basis point interest following the...
Stocks ticked lower this morning on the heels of Fed Chair Powell’s hawkish comments yesterday. Market participants are now bracing for larger-than-expected rate hikes for longer than previously anticipated.
While all attention is focused on inflation, recession cycles come with a more substantial...