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Fed Rate Hike

All articles tagged with #fed rate hike

business2 years ago

"Stock Market Rally Faces Test with Soft Corporate Earnings and Economic Data"

Amazon Prime Day kicks off, serving as an economic indicator for consumer sentiment. JPMorgan, Wells Fargo, and Citigroup report Q2 earnings, with JPMorgan expected to show growth. Delta Air Lines sets the tone for Q2 earnings season, with analysts predicting a jump in earnings. BlackRock and State Street also report Q2 earnings. The stock market rally continues, with stocks like Nvidia, Mastercard, and Dexcom consolidating. Economic data suggests a Fed rate hike in July. The Nasdaq composite had its best first half since 1983, while the S&P 500 had its best first half since 2019.

via Investor's Business Daily|
#amazon-prime-day#business#delta-air-lines
economy2 years ago

"Surprising Jobs Report Sends Shockwaves Through Markets"

The 10-year Treasury yield reached a four-month high as strong job market and service-sector data increased the likelihood of multiple additional Fed rate hikes. Payroll processor ADP estimated that private-sector firms added 497,000 jobs in June, double the predictions. This raised expectations for a strong official jobs report from the Labor Department on Friday. Markets are now pricing in a 95% chance of an additional quarter-point Fed rate hike in July, with increased odds of further hikes in September and November.

via Investor's Business Daily|
#adp#economy#fed-rate-hike
cryptocurrency2 years ago

Bitcoin Slumps to $30.6K Amidst Strong Fed Rate Hike Speculation

Bitcoin retreated to $30,600 as a blowout U.S. ADP private employment report, which showed more than double the expected number of jobs added in June, strengthened expectations of a rate hike by the Federal Reserve. Treasury yields rose, with the two-year yield reaching its highest level since 2006, indicating traders' belief in an extended rate hike campaign. Stock market futures also reacted negatively to the news, while gold traded lower and the dollar index remained unchanged.

via CoinDesk|
#adp-report#bitcoin#cryptocurrency
finance2 years ago

Powell's remarks send US dollar tumbling.

The US dollar fell to session lows after Federal Reserve Chair Jerome Powell's testimony, during which he endorsed the market pricing of a Fed rate hike at the July 26 meeting. The implied odds of a hike remain at 76%. Powell also highlighted that nearly all FOMC participants expect to hike 'somewhat further' by year end. The euro rose 55 pips to 1.0970 on the day. The UK inflation report showed core CPI at 7.1%, higher than expected, suggesting the Bank of England's terminal rate may exceed the Fed's. Treasury yields are slipping and tech stocks are selling off, possibly due to quarter-end flows.

via ForexLive|
#euro#fed-rate-hike#finance
finance2 years ago

Top Investment Picks: Adobe, Uber, and GIII Apparel

Zacks Investment Ideas feature highlights Adobe, Uber Technologies, and GIII Apparel as three stocks that are likely to benefit from less inflationary pressure. With inflation weakening, traders are betting that the Federal Reserve may not hike interest rates this week, which has buoyed investor sentiments. Adobe, Uber Technologies, and GIII Apparel are all expected to see top-line growth and have a Zacks Rank #1 or 2 and a VGM Score of A or B.

via Yahoo Finance|
#adobe#fed-rate-hike#finance
business2 years ago

Stocks React to Fed Comments and JOLTS Report, Tesla Announcement Anticipated

Dow Jones futures were little changed overnight as the House passed the debt-ceiling deal. Salesforce.com and C3.ai headlined a big night of earnings reports. China EV makers are due to release sales numbers with Elon Musk reportedly set to unveil an updated Tesla Model 3 in Shanghai. The House overwhelmingly passed the debt-ceiling deal Wednesday night, 314-117. The stock market rally retreated Wednesday, with weak breadth once again amid strong economic data and renewed banking concerns.

via Investor's Business Daily|
#ai#business#china-ev-makers
finance2 years ago

Dollar's 5-week high rally cools down as lira weakens.

The US dollar fell slightly from a five-week high on Monday, while the Turkish lira sank to a two-month low as weekend elections looked headed for a runoff. The Thai baht rallied after a more decisive election result. Analysts have said many factors could be behind the dollar's recent strength, including concerns about US inflation, and fears about the debt ceiling standoff and global economic growth driving safe-haven buying.

via Reuters|
#fed-rate-hike#finance#inflation
energy2 years ago

OPEC+ cuts and China recovery keep oil above $80/bbl.

Oil prices edged up slightly on Monday, supported by OPEC+'s plans to cut more output, while investors eyed Chinese economic data for signs of demand recovery in the world's second-largest oil consumer. The International Energy Agency (IEA) forecast record demand in 2023 of 101.9 million barrels per day (bpd), up 2 million bpd on last year. However, the IEA warned that the output cuts announced by OPEC+ producers risked exacerbating an oil supply deficit expected in the second half of the year and could hurt consumers and a global economic recovery.

via Reuters|
#chinese-economy#energy#fed-rate-hike