JPMorgan drops after cutting full-year net interest income outlook
Shares of are dipping in premarket trading, off as much as 3% before paring losses, after America’s biggest bank lowered its projection for net interest income generated this year while delivering it...
The Iran war oil shock gave the markets ’70s stagflation vibes
A wartime whiff of stagflation permeated the markets in March. Oil and commodities stocks soared. Value stocks outperformed growth favorites. And stocks and bonds, broadly, sank in lockstep over the...
How much does oil matter for inflation anyway?
As markets await the first CPI print measured since the start of the Iran war, slated for April 10, it’s worth stepping back and asking one important question: how much does oil matter for inflation a...
Gold tumbles as market sees Fed shifting toward inflation fighting
Gold and gold miners tumbled Thursday, as the rolling Iran war energy crisis revived worries about inflation and pushed the market to take additional rate cuts this year off the table. Gold () futures...
Stocks sink as inflation fears rise
The S&P 500, Nasdaq 100, and Russell 2000 all sank as traders were rattled by geopolitical concerns and inflation fears, as February’s producer price index came in well above estimates. The Federal ...
Federal Reserve leaves rates unchanged; dot plot still signals lower rates in the cards for 2026
The Federal Reserve held its policy rate unchanged at a range of 3.5% to 3.75%, as was universally expected. The Summary of Economic Projections accompanying this release showed that the median moneta...
February CPI inflation lands in line with expectations
The February reading of the Consumer Price Index showed that headline inflation rose 0.3% month on month, in line with economists’ estimates. On an annual basis, headline CPI was up 2.4% from the prio...
Energy price spike on Mideast war has traders betting on no Fed cuts through June
A war in the Middle East, and the resultant upward pressure on oil prices, has caused traders to reverse bets that the Federal Reserve will cut interest rates in the first half of this year. The predi...
Better-than-expected jobs data has Federal Reserve’s standout doves shying away from rate cuts
Surprisingly strong labor market data has the Federal Reserve’s standout doves more willing to stand down from advocating for additional rate cuts. Governor Christopher Waller said his decision on whe...
Stocks slip after economic data disappoints
The slipped to premarket lows after underwhelming economic data. Core inflation surprised to the upside in December, while the initial read of economic growth in the final three months of 2025 was we...
Have we reached the bitcoin bottom yet? Many experts don’t think so.
Bitcoin has been stuck in the mid- to low $60,000s for the past 10 days, struggling to break above $70,000. Macro-driven factors, uncertainty around the Federal Reserve’s rate path, and flaring geopol...
In-line core CPI inflation a relief after recent history of January price spikes
It’s January, and inflation isn’t surging. That’s good enough. Data from the Bureau of Labor Statistics shows headline inflation rose 0.2% month on month, while the core measure (which excludes volati...
Job growth crushes estimates in January, unemployment rate unexpectedly dips to 4.3%
The American labor market, ladies and gentlemen. The January jobs report was a blockbuster, with nonfarm payrolls growth of 130,000. Economists polled by Bloomberg expected nonfarm payroll growth of 6...
President Trump names former Fed Governor Kevin Warsh as his pick to lead the Federal Reserve
President Donald Trump announced in a post on Truth Social that former Fed Governor Kevin Warsh is his pick to succeed Jerome Powell as chair of the Federal Reserve. “I have known Kevin for a long per...
Federal Reserve keeps rates unchanged; Waller joins Miran in dissenting in favor of rate cut
The Federal Reserve held its policy rate at a range of 3.5% to 3.75% at its January meeting. The decision to stand pat was effectively universally expected by both prediction markets and economists, a...
Bitcoin rallies to 3-month high
Bitcoin continues to rally following a better-than-expected CPI report on Tuesday, passing $96,000 Wednesday morning, its highest level in three months. ETFs are also in the green, recording $753.7 mi...
Bitcoin is “transitioning out of its most stressed phase”
The lower-than-expected CPI print and optimism around the amended Digital Asset Market Clarity Act seem to be buoying this morning. Meanwhile, bitcoin ETFs started the week with modest inflows ($116....
Stocks rise after core inflation rises by less than feared in December
erased premarket losses to jump higher after core CPI inflation rose 0.2% month on month in December, slightly less than analysts had forecast. Economists anticipated that headline and core CPI inflat...
Gold and silver spike to record highs after Powell says DOJ subpoenas are latest Trump attempt to influence monetary policy
Precious metals are proving their mettle as a store of value, up big in early trading on Monday after the head of the Federal Reserve explicitly said that the executive branch is attempting to use jud...
Markets cheer surprise gift of cooler CPI amid renewed AI optimism to finish higher
After a string of dismal trading days, US stocks soared on a sack full of good news that reversed this week’s downward trend and made visions of a Santa Claus rally dance in traders’ heads. ’s earnin...