Stocks making the biggest moves midday: Dell, Peloton, Workday and more
Dell CEO Michael Dell delivers a keynote address during the 2013 Oracle Open World conference on September 25, 2013 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. Peloton – Shares...
Powell’s benign view on inflation is getting pushback at the Fed, and elsewhere
American Peterbilt truck on trucking route Interstate 10 in Louisiana. Tim Graham | Getty Images Federal Reserve Chairman Jerome Powell’s conviction that the inflation winds whipping through the U.S. economy this year soon will subside is not universally shared. In...
Week Ahead – Action Packed End to Summer
Country US Now that Jackson Hole is over, the focus shifts back onto the economic recovery. Investors will pay close attention to every data point that can give possible insights into the labour market recovery and if pricing pressures continue...
Fed Chair Powell on the Economy and Tapering
At the Federal Reserve Bank of Kansas City’s Jackson Hole Symposium, Federal Reserve Chair Jay Powell gave a much anticipated speech titled, Monetary Policy in the Time of Covid. Markets were looking for a signal that a tapering of the...
Forward Guidance: Canada GDP to Show Recovery Accelerated in June ahead of Delta Wave
Economic activity bounced back in June from COVID’s spring wave, this week’s Canadian GDP data should confirm. We’re tracking a 0.8% increase in June GDP—slightly above Statistics Canada’s early estimate of 0.7%. That would retrace the declines posted in April...
Powell Underwhelming US Dollar, EUR/USD Levels to Watch
After 24 hours our hawkish Fed speakers, which seemed to be setting up Powell for the easy lay-up, Powell took a 180 degree turn and continued to talk about needing to reach maximum employment and and how inflation is transitory. ...
Powell sees taper by the end of the year, but says there’s ‘much ground to cover’ before rate hikes
Federal Reserve Chairman Jerome Powell indicated Friday that the central bank is likely to begin withdrawing some of its easy-money policies before the end of the year, though he still sees interest rate hikes off in the distance. In a...
Fed’s Kaplan is worried about inflation and risk-taking, and wants to announce taper in September
Dallas Federal Reserve President Robert Kaplan would like to see the central bank announce next month that it will begin tightening its policy reins. Among his reasons is a general belief that the economy can withstand a little less help...
Watch Fed Chair Powell deliver his key Jackson Hole economic speech live
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell delivers his much-anticipated speech Friday morning as part of the...
Key inflation gauge rises 3.6% from a year ago to tie biggest jump since the early 1990s
An inflation measure the Federal Reserve uses to set policy rose 3.6% in July from a year ago, meeting Wall Street expectations but also tying the highest level in about 30 years. The core personal consumption expenditures price index, which...