Page 13 - Thomas Simons News Today

The Fed staff doesn't see a recession anymore and other things we learned from Powell press conference.

The Conference Board's Consumer Confidence Index hit its highest level in two years on Tuesday morning in the latest sign that the US economy has held up better than many predicted.

Housing starts fell 8% to a seasonally adjusted annual rate of 1.43 million last month. The figure for May was revised lower.

Nvidia (NVDA) stock rose 1.25% in Thursday’s premarket to $444.50 – a new all-time high – although the advance is sagging as the opening bell nears.

BENGALURU (Reuters) - U.S. Treasury yields will broadly fall over the coming year on expectations the Federal Reserve will soon end its hiking cycle, according to fixed-income strategists polled by Reuters, who also predicted a steeper yield curve in the year ahead.

With a near consensus on July's meeting, economists are now debating if a second Fed rate hike will be necessary given the slowdown seen in inflation during June.

“It’s too early to pop the champagne, but it’s not too early to start chilling the bottle.”

(CNN) — Wall Street bankers, investors and economists have for months waffled over whether a US recession is coming. But for some Americans, the unforgiving economic pain typical during recession

Wall Street bankers, investors and economists have for months waffled over whether a US recession is coming. But for some Americans, the unforgiving economic pain typical during recession has already set in.

The Supreme Court's student loans ruling could cost billions in economic impact, according to some analysts.