Page 60 - Jeffrey Roach News Today

Stocks were down in early trading after the latest inflation numbers were released.

WASHINGTON (Reuters) -U.S. consumer sentiment improved to a 13-month high in February, but households expected higher inflation to persist over the ne...

The president took credit for strong job growth and his legislative agenda that’s boosted investment in infrastructure and clean energy projects.

Market pros weigh in on the whopping 517,000 new jobs created last month – and a drop in the unemployment rate to 1969 levels.

The January jobs report showed that payrolls increased by 517,000 workers last month, faster than expected, as bars and restaurants hired more workers.

Evidence that inflation is slowing will likely allow the Fed to shrink the size of its interest rate increases at the end of its meeting on Wednesday.

"We will need substantially more evidence to be confident that inflation is on ... downward path," said Fed Chair Jerome Powell

The Feds quarter-point rate hike was welcomed by the market and market pros, alike.

U.S. equity stocks edged lower Wednesday, while the dollar retreated modestly against its global peers, as investors looked to enter the first trading session of the month on a cautious note, with jobs data and a crucial Fed policy decision set for later in the session.

Stock futures lower as 2023 rally faces early fed test; Traders bet on smaller rate hikes, see dovish pivot; Meta earnings on deck as mega cap tech rolls up sleeves; AMD shares leap as earnings, outlook steady chip sector nerves and Peloton facing more losses, cost cuts amid fading in-home demand.