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Trump says he would be a better Fed chairman than Powell
Trump, asked if he would replace Powell, didn't offer a hint and instead responded: "I think I'm better than he would be. I think I'm better than most people in that position." On changing rates, he did concede that he couldn't dictate them: "I don't think I should be...
Trump: The most-beautiful word in the dictionary is “tariff”
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US holiday sales are expected to grow at slowest pace in six years
Christmas shopping will start soon after Halloween in the US and the National Retail Federation isn't overly optimistic.Their latest forecast is for a nominal 2.5-3.5% rise in spending, the slowest pace in six years. They see sales between $979.5 billion and $989...
Canadian Real Estate Association downgrades 2024 forecast
TorontoCREA now expects 468,900 properties to change hands in 2024 That's up 5.2% from 2023But down from July forecast of 6.1% increaseand way down from April forecast of 10.5% increaseAverage home price forecast for 2024: Now expecting 0.9% annual increase to...
Fed’s Daly: If forecast met, she sees one or two rate cuts this year
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More from Daly: Fed funds rate is a long way from where it’s likely to settle
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European equity close: DAX touches a record then gives it back
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Fed’s Daly: Risks to our jobs and inflation mandate now more balanced
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Fed’s Daly set to speak next
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NY Fed survey: Credit delinquency expectations rise to highest since April 2020
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
BofA CEO sees ‘solid’ demand from clients
Bank of America CEO Brian Moynihan was on CNBC talking about his bank and the economy. He warned the external shocks could hit the US economy but said that overall demand from clients was 'solid'. He initially started to say 'strong' then corrected himself.He outlined...
US markets turn lower as NVDA shares fall 5%
Profit-taking is hitting the broader US equity market with the S&P 500 down 21 points or 0.3% following yesterday's record high. The signal to sell may have been triggered by Nvidia shares. The company failed to break the June record yesterday and is down more...
Where do global equity market valuations stand relative to history
I stumbled across this Goldman Sachs chart that highlights global equity valuations. Most of the world is in the middle of the range but US stocks are above the top of the 90th percentile. I'm glad they stripped out mega-cap tech as well because it highlights that...
Breakout? Bitcoin rises to the highest since July
Bitcoin daily chartBitcoin is showing fresh signs of life as it climbs $1600 to $67,500. That's the best since late-July and breaks a pair of highs in August and September, indicating some growing optimism about crypto and improving risk appetite (the S&P 500 is...
Tech stocks rise while energy sector declines: Insights into today’s market
Stock heatmap by FinViz.com Tue, 15 Oct 2024 13:46:11 GMTSector OverviewToday's stock market heatmap reveals a dynamic landscape with distinct sector performances. The technology sector is showing promising strength, driven by gains in software and infrastructure...
US stock futures flat ahead of the open
SPX dailyCan the bulls do it again?S&P 500 futures are up 4 points today despite the rout in China. There is some help from lower bond yields and the 4% decline in oil prices but overall resilience in equities has been remarkable. For the past week, we've seen a...
Bank of Canada: The case for a 50 basis point rate cut firms up after a drop in CPI
A surprise drop in Canadian inflation to just 1.6% y/y has reignited bets that the Bank of Canada will lower rates by 50 basis points later this month. Canadian September CPI was expected to fall to 1.8% from 2.0% but tumbled further below the central bank's...
September Empire Fed -11.9 vs +3.85 expected
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Canada September CPI 1.6% vs 1.8% expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...