The market’s worst first half in 50 years has all come down to inflation

The market’s worst first half in 50 years has all come down to inflation

Traders on the floor of the NYSE, June 13, 2022. Source: NYSE A multitude of factors conspired to generate the stock market’s worst first-half since 1970, but they all emanated from one word: inflation. The cost of living started the year running at levels the US had not seen since the early 1980s. Worse, Federal … Read more

Fed’s Powell facing rising criticism for inflation missteps

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession. Threats to the US economy have mounted, though, Powell has increasingly struck Fed watchers as much less sure-footed. Inflation has proven higher and far more persistent than he or the Fed’s staff economists had … Read more

5 things to know before the stock market opens Tuesday, June 21

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to bounce after S&P 500’s worst seek since 2020 The sign for Wall Street is seen with US flags outside the New York Stock Exchange. Yuki Iwamura | afp | Getty Images Dow futures … Read more

After another big weekly loss, assessing whether stocks are cheap and a buying opportunity is near

Stocks are emphatically on sale, but are they cheap? Markdowns are not always the same as bargains. Much depends on the original price and quality of the goods. And even with last week’s price drops on Wall Street, it’s tough to say yet that the market is broadly cheap. But value seems to be emerging … Read more

Here are three things the Fed’s done wrong, and what’s still not right

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, DC, June 14, 2022. Sarah Silbiger | Reuters After years of being a beacon for financial markets, the Federal Reserve suddenly finds itself second-guessed as it tries to navigate the economy through a wicked bout of inflation and away from … Read more

5 things to know before the stock market opens Friday, June 17

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to bounce but still tracking for a terrible week Traders on the floor of the NYSE, June 16, 2022. Source: NYSE US stock futures on Friday pointed to a strong open on Wall Street. … Read more

Fed’s aggressive rate hikes raise likelihood of recession

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed’s efforts so far to tame it. Increasingly, it seems, doing so might require the one painful thing the Fed has sought to avoid: A recession. A worse-than-expected … Read more

A day after Powell’s assurances, markets are worried something breaks

Federal Reserve Chairman Jerome Powell’s insistence that the central bank is not deliberately trying to cause a recession and that the economy is on solid footing is exactly what someone in his position would be expected to say. The trouble is, the Fed’s likely to get a recession anyway as data shows the economy is … Read more

Markets are now bracing for the possibility of bigger Fed interest rate hikes ahead

As inflation climbs to new 40-year highs, expectations for interest rate increases from the Federal Reserve are escalating as well. With the rate-setting Federal Open Market Committee scheduled to hold a policy meeting this week, markets are ramping up their bets on the way things will go, particularly in the months ahead. There’s still about … Read more

Yellen: inflation to ‘remain high;’ hopes it’s ‘coming down’

WASHINGTON (AP) — Treasury Secretary Janet Yellen acknowledged Tuesday that she and Federal Reserve Chair Jerome Powell “could have used a better word” than “transitory” when describing the expected run of inflation in the US economy. She added that she was hopeful it would soon be on the decline. “I do expect inflation to remain … Read more