Page 3 - Peter Essele News Today

Metro Phoenix has stayed a hotbed for inflation for more than a year, driven largely by higher prices for homes and apartments.

Federal Reserve chairman Jerome Powell could push the economy into a tailspin in a misguided attempt to safeguard his own legacy.

Wall Street kicked off the week with a broad stock market rally Monday, as investors look ahead to a busy week of company earnings reports and grow more confident that the Federal Reserve will turn the screws on the economy less aggressively. The S&P 500 rose 1.2%, led by tech companies. The gains more than […]

NEW YORK — Wall Street kicked off the week with a broad stock market rally Monday, as investors look ahead to a busy week of company earnings reports and grow more confident that the Federal Reserve will turn the screws on the economy less aggressive

Easing inflation and a cooling job market in the United States are raising hopes on Wall Street that a gentler Federal Reserve is on the way in 2023.

Investors are hoping for a dovish turn from the central bank.

NEW YORK (AP) — Easing inflation and a cooling job market are raising hopes on Wall Street that a gentler Federal Reserve is on the way in 2023. That’s despite the central bank’s own adamance that it will keep raising rates from their current 15-year high and hold them there into 2024.

The Feds goal in raising interest rates has been to fight inflation by making borrowing more difficult and to slow economic growth. The strategy, though, hurts investment prices and risks slowing the economy too much and causing a recession.

With inflation cooling and interest rates seen peaking soon, some strategists say its time to buy stocks and bonds again to rebuild your wealth.

Analysts cautioned that while Thursday's inflation report showed inflation at its least debilitating level in more than a year, it still leaves room for continued pressure on the economy.