Friday, May 17, 2024
Jerome Powell Has to Walk a Fine Line in Congress Today

Jerome Powell Has to Walk a Fine Line in Congress Today

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U.S. Federal Reserve Chair Jerome Powell begins two days of testimony in Congress today. It will be closely watched with some key issues at...

How the Federal Reserve May Signal a Rate Cut Today

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Everybody's looking for the Federal Reserve to signal an interest-rate cut today. The central bank issues its policy statement at 2 p.m. ET -- one...
Another Positive Week as Economy Refuses to Say 'Die'

Another Positive Week as Economy Refuses to Say ‘Die’

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Stocks kept rising last week as the economy continues to defy naysayers. The S&P 500 inched up 0.5 percent between Friday, June 7, and Friday,...

Why Tomorrow’s Non-Farm Payrolls May Be an Anticlimax

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Monthly non-farm payrolls are usually a big deal for the market, but that may not be the case tomorrow. After all, the big story now...
Federal Reserve Joins the Global Flock of Dovish Central Bankers

Federal Reserve Joins the Global Flock of Dovish Central Bankers

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Stocks just had their second-biggest rally of the year, partially because of the Federal Reserve. It's worth recapping what happened. The story actually began on...
Is Anything Weirder Than the Economy Right Now?

Is Anything Weirder Than the Economy Right Now?

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Gross domestic product (GDP) is due tomorrow. It's a good time to examine just how weird the economic situation has gotten. Things look increasingly...
Construction Reclaiming Role in U.S., Years After Subprime Crash

Construction Reclaiming Role in U.S. Economy, Years After Subprime Crash

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Construction, left for dead after the subprime crash, may be reclaiming its importance for the U.S. economy. Today's private-sector payrolls report from ADP showed the...
Market Action

Podcast: How Trump’s Economy Is Lifting the Stock Market

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The U.S. economy keeps silencing the naysayers. This podcast breaks down what’s happening and says what it could mean for financials, small caps and...
Why the U.S. Dollar Is Pushing to its Highest Level in Two Years

Why the U.S. Dollar Is Pushing to its Highest Level in Two Years

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The greenback surged yesterday as America's growth prospects kept outshining the rest of the world. Futures on the U.S. dollar index (@DX) ended Wednesday's session...

What the Surge in Rails May Be Saying About the Economy

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Economists have worried about the economy slowing, but railroads are telling a different story. The Dow Jones US Railroads Index ($DJUSRR) rose more than 2...
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