All articles tagged with #economic reports
Mortgage rates slightly increased but remain near two-week lows, with little change despite global monetary policy speculation. The upcoming week is expected to be unpredictable due to holiday trading, and clearer direction will depend on upcoming economic reports in January.
U.S. stock futures slightly declined after the Dow hit a record high, amid a market rotation favoring value sectors over tech, and ongoing concerns over the government shutdown impacting economic data releases. The Dow's strong performance was driven by broadening market participation, but futures indicate cautious sentiment ahead of key economic reports.
The White House announced that key economic reports, including October's CPI and jobs data, may not be released due to the government shutdown, potentially impairing policymakers' ability to assess the economy and influencing Federal Reserve decisions. The situation has created uncertainty and a data fog, with some experts considering alternative private data sources.
Mortgage rates are near their recent highs, influenced by overseas bond market weakness and awaiting economic reports post-government shutdown to determine further movement.
A potential U.S. government shutdown looms as Congress struggles to pass funding bills, risking unpaid federal employees, disrupted services, and delayed economic data, with political disagreements mainly over healthcare protections and budget priorities.
Stocks experienced mixed results with gains driven by investor optimism about a potential rate cut and strong tech sector momentum, amid concerns over a weakening labor market and declining consumer sentiment. Key economic reports this week, including manufacturing, retail sales, and industrial production, alongside the Federal Reserve's policy meeting, could influence market direction and investment strategies.
Mortgage rates hit a 2025 low of 6.49% following a weaker-than-expected job openings report, indicating more unemployed workers than available jobs, which may influence Federal Reserve policy and bond yields. The labor market shows signs of softening but remains resilient, with upcoming economic reports expected to provide further insights.
The article discusses concerns over the decline in quality and reliability of U.S. economic data produced by the Bureau of Labor Statistics (BLS) under the Trump administration, citing staffing issues, reduced data collection, and political interference, with experts warning of potential impacts on economic policy and analysis.
Recent soft U.S. economic data has increased the likelihood of Fed rate cuts, which could further boost Bitcoin prices, although Bitcoin has already surged significantly despite a hawkish Fed stance. The upcoming employment report is key to confirming this trend.
Federal Reserve Chairman Jerome Powell acknowledged the economy's fatigue, with job availability and inflation concerns persisting. The stock market, after a significant rally since October, experienced a tech-stock stumble led by Tesla's 8.4% drop, raising questions about a potential market correction and a shift away from Big Tech dominance. Upcoming economic reports and earnings from major companies could influence market trends, with some evidence suggesting a broadening market beyond tech stocks.
U.S. stock futures showed minimal movement after the Dow's worst week since October, with the Dow Jones Industrial Average futures rising slightly and the S&P 500 and Nasdaq 100 futures dipping. Investors are anticipating inflation data later in the week and analyzing mixed signals from the February jobs report, which could impact the Federal Reserve's decision on interest rates. Additionally, Oracle is set to report earnings, and upcoming consumer and producer price indexes will provide further insight into inflation trends.
Wall Street saw a mixed week with the S&P 500 reaching a new high before ending lower, while the Nasdaq hit an intraday record before dropping over 1%. The upcoming week will focus on key economic reports, including a fresh look at inflation, as the market remains attentive to potential impacts on the Dow Jones Industrial Average, S&P 500, and Nasdaq.
Both gold and silver experienced significant gains as longer-term treasury yields declined to their lowest levels this week. The drop in yields was a reaction to poor economic reports from Europe, which showed a decline in activity. The gains in precious metals were also supported by the prediction that the Federal Reserve will not raise interest rates at the September FOMC meeting. However, the sustainability of the rally will depend on Chairman Powell's speech at the Jackson Hole economic symposium. Gold futures rose 1% to $1945.30, while silver futures increased by 3.92% to $24.37.
Mortgage rates hit a three-week low, but are expected to become more volatile due to the release of two important economic reports: the monthly jobs report and the Consumer Price Index. The jobs report is expected to show 180k new payrolls for April, while the CPI is a leading indicator for inflation in the US. The data from these reports could push rates higher or lower, and if they both push in the same direction, the shift could be significant.
The Federal Reserve will announce its latest monetary policy decision on Wednesday, with investors split on whether the Fed will raise rates at all. The banking sector remains in focus after the collapse of Silicon Valley Bank and seizure of Signature Bank, with U.S. banking giants funneling $30 billion in deposits to First Republic. Financial stocks were hard hit, with KBW Bank Index falling more than 14% for the week. UBS is reportedly nearing a deal to take over Credit Suisse in a $1 billion deal. Economic and earnings reports throughout the week will offer updates on the housing sector and the state of the U.S. consumer.