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Market Reactions

All articles tagged with #market reactions

economy3 years ago•2 min saved

Mixed Signals: Jobless Claims Rise While Retail Sales Remain Strong

US unemployment claims rose to 262,000, exceeding expectations for the second consecutive week, while retail sales for May increased by 0.3%, beating economists' forecasts of a 0.1% decline. The US labor market shows early signs of cooling off, in line with Federal Reserve forecasts, but remains tight with an unemployment rate of 3.7%. Markets were volatile, with futures on the S&P 500 index falling 0.6%, and investors raised their expectations on a Fed rate hike in July, with market-implied probabilities rising from 72% to 74%.

via Benzinga|

#economy #federal-reserve #interest-rates

finance3 years ago•3 min saved

Investors Brace for Fed's Rate Decision and Powell's Comments.

The Federal Reserve is expected to hold interest rates steady at the 5%-5.25% range during its June meeting, but investors will be closely watching Fed Chair Jerome Powell's indications about future policy adjustments and the Fed members' median predictions for interest rates in 2023 and 2024. The difference between a "dovish hold" and a "hawkish hold" will be crucial in terms of market reactions. The updated Fed's macroeconomic projections and Powell's press conference have the potential to significantly impact market dynamics and sentiment going forward.

via Benzinga|

#federal-reserve #finance #interest-rates

business3 years ago•2 min saved

US Business Activity Surges in April, Signaling Economic Growth and Inflation Risks.

The US Services and Manufacturing PMI flash estimates for April showed economic expansion and exceeded analysts' expectations. The Federal Reserve may continue raising interest rates due to a robust economy, healthy labor market, strong business confidence, and the resurgence of inflationary pressures. However, the upturn in demand has been accompanied by a rekindling of price pressures, with selling prices increasing at a rapid and historically high rate. Market reactions were volatile, with major US equity indices trading in the red and US Treasury yields surging following the better-than-expected PMI prints.

via Benzinga|

#business #inflation #interest-rates