1 September 2023
The Personal Consumption Expenditures (PCE) price index, considered the Federal Reserve's preferred inflation gauge, climbed 3.3% yoy in July, in line with expectations.
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31 August 2023
All three major US indexes ended in positive territory, after the recent release of lackluster employment data signaled a cooling US economy, reinforcing expectations the Federal Reserve will pause rate hikes in September.
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30 August 2023
Wall Street ended sharply higher on Tuesday (29/08/23) lifted by Tesla, Nvidia, and other megacap growth stocks after a drop in monthly job openings that fell below expectations cemented expectations of a pause in interest rate hikes by the Federal Reserve.
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29 August 2023
Wall Street ended in positive territory on Monday (28/08/23) as the Nasdaq led gains of 0.8%, while the overall market was buoyed by rising 3M and Goldman Sachs stocks ahead of the PCE Inflation and employment data releases this week; that will offer more clues on the Federal Reserve's interest rate path.
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28 August 2023
Asian markets will have their first chance this Monday to react to the speeches of the world's most influential global policymakers at the Jackson Hole symposium last Friday; where Jerome Powell (Fed Chairman), Christine Lagarde (ECB President), and Kazuo Ueda (Governor of Japan's central bank) laid out their respective monetary policies.
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