FOMC Meeting Today The Federal Open Market Committee (FOMC) meets today to discuss potential changes to monetary policy. Investors are keenly watching for any indications regarding interest rate adjustments or shifts in the Fed’s approach to managing inflation and economic growth. The outcome of this meeting is expected to have significant implications for market sentiment
Monday Brief: This week, the stock market experienced a notable rally, driven primarily by gains in the technology sector. Investor optimism was buoyed by strong earnings reports from major tech companies, leading to a broader market uplift. However, small-cap stocks saw increased volatility, reflecting a cautious sentiment among investors regarding economic uncertainty. This rally suggests
Global growth steady at 3.2%, US personal income up 0.5% in May, trade deficit widens to $237.6B, inflation pressures persist. Fed holds rates steady, cautious market optimism prevails. Global and U.S. Economic Outlook The global economy is holding steady with a projected growth of 3.2% this year, driven by robust performance in emerging markets like
In the past weeks, the financial markets have experienced notable volatility driven by a series of political events. The attached chart of the S&P 500 ETF (SPY) illustrates these fluctuations, providing a window into how political developments have influenced investor sentiment and market performance. Political Events and Market Reactions Assassination Attempt and Market Stability An
The S&P 500 took a hit, major tech stocks like Nvidia and Qualcomm saw significant drops, and a bad Crowdstrike update caused IT chaos. Meanwhile, Joe Biden dropped out of the presidential race to endorse Kamala Harris, Bosch is eyeing Whirlpool, and we’ve got some big earnings reports to watch. Plus, Trump’s evolving stance on
Today’s Chart of the Day showcases the performance of business sales over the last few years, highlighting both the values and the trendline. Notably, the chart indicates a plateau in sales growth with a slight decline in recent months. This trend is crucial for understanding the broader economic landscape and its potential implications. Economic Slowdown
Listen to this Podcast on YouTube and Spotify. PCE Report and Its Impact on Fed’s Interest Rate Decisions This Friday, the Personal Consumption Expenditures (PCE) report will be released, and all eyes are on how it might influence the Federal Reserve’s upcoming decisions on interest rates. The PCE is a critical indicator of inflation and
Watch and Listen to this Podcast on YouTube and Spotify. This week we’re diving into a cooling jobs market, stalling Utilities and Energy Sectors, and other indicators on the Fed’s radar. Let’s start with the jobless claims report set to be released this Thursday. This report is closely watched by economists and market analysts as
View this chart and more at https://www.fraywire.com/portal/economics/series.php?series_id=A34SNO Markets are closed today for Juneteenth, so we’re looking at charts in place of our usual Mid-Week Market Review. Today’s charts provide a compelling visual narrative of the interplay between industry demand for computers and electronic products and the market performance of NVIDIA, a leading player in the
Today’s chart highlights a significant trend in highway and street construction spending in the United States over the past few years. This data, sourced from the Federal Reserve on www.fraywire.com, reveals a fascinating trajectory in infrastructure investment from January 2019 to June 2024. Initial Stability and Decline (2019 – Early 2020): From January 2019 through