Fed no longer foresees a U.S. recession — and other things we learned from Powell's press conference
The Fed staff doesn't see a recession anymore and other things we learned from Powell press conference.
Source: marketwatch.com
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Top News In Thomas Simons Today - Breaking & Trending Today
Consumer confidence hits highest level in two years
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.
Source: aol.com
Home Construction Fell More Than Expected in June. Approvals Were Weak, Too.
Housing starts fell 8% to a seasonally adjusted annual rate of 1.43 million last month. The figure for May was revised lower.
Source: marketwatch.com
NVDA stock hits new highs on the back of low US inflation and Recursion deal
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.
Source: fxstreet.com
U.S. Treasury yields to fall amid inflation optimism: Reuters Poll
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.
Source: marketscreener.com