Stocks climb as May inflation numbers come in cooler than expected
Stocks are set to open in the green after US inflation came in softer than forecast in May. Consumer prices rose just 0.1% from the prior month, while economists were looking for a 0.2% gain . On an a...
Here’s how the inflation outlook could change depending on what Trump does next with tariffs
While the situation regarding legal rulings and appeals on President Trump’s tariffs remains fluid, to say the least , no matter what the courts decide, if the president still wants higher tariffs, he...
US stocks slump with Treasury sell-off adding to market angst
A slightly downbeat day for US stocks morphed into something considerably worse this afternoon, when spiking bond yields in the wake of a poorly-received Treasury auction accentuated the slide in stoc...
The US bond market is tanking the stock market
After clawing within spitting distance of positive territory in the morning, stocks sputtered hard early this afternoon, with the S&P 500 (and ) tumbling to losses of more than 1% on the day. The sell...
Broad-based declines end S&P 500’s winning streak
The S&P 500 and Nasdaq 100 spent the whole day in the red, each closing down 0.4%. So ends the more than weeklong winning streak for the benchmark US stock index. The Russell 2000 finished marginally ...
The dangers of a world where no one can value long-term government bonds
A funny thing happened along the way to the tariff-induced recession that was supposed to send global activity into a tailspin: as the risk of a sudden stop to global trade flows decreased with massiv...
America spent more than $880 billion just on interest on its debt last year
America’s perfect credit era is officially over — marking the end of a century-long run. On Friday, Moody’s downgraded the US credit rating from its highest AAA grade to Aa1, citing “large annual fisc...
The US government just lost its final AAA credit rating
Moody’s, the last credit ratings agency to bestow the US government with a pristine credit rating, is taking away that title. The decision “reflects the increase over more than a decade in government ...
Stocks tumble after Federal Reserve warns of heightened stagflationary risks
The Federal Reserve has no clue what in the world awaits the US economy, so it kept rates unchanged at a range of 4.25% to 4.5%. “Uncertainty about the economic outlook has increased further,” the sta...
Have tumbling oil prices undone the Federal Reserve’s tariff conundrum?
The Federal Reserve has framed tariffs as something of a conundrum . Levies on imports push prices higher and activity lower, seemingly making it more difficult for the central bank to achieve both pa...
Trump tirade against Fed chief slams rate-sensitive stocks
Despite the increasingly dire outlook for the US economy , long-term interest rates jumped on Monday after President Trump took to Truth Social to harangue Fed Chair Jerome Powell , yet again, for not...
S&P 500 ends week with modest gain even as semiconductor slump continues
US stocks ended Thursday with modest gains despite slumping in the last hour of trading on more reports that President Donald Trump is itching to fire Fed Chair Jerome Powell . The S&P 500 rose 0.1%, ...
President Donald Trump is itching to fire Fed Chair Jay Powell
President Donald Trump said that Fed Chair Jerome Powell “is always TOO LATE AND WRONG,” adding that his “termination cannot come fast enough” in a post on Truth Social this morning. The comments left...
Consumer sentiment hits historic low as inflation fears hit 44-year high
American consumers are bracing for rising prices — and losing faith fast. The University of Michigan’s consumer sentiment index dropped to 50.8 in April, the lowest reading since the 2022 postpandemic...
After hiking its recession probability, Goldman Sachs lowered its US airline industry outlook
After hiking its odds of a recession for the second time in a week ( to 45% ) on Monday, on Tuesday lowered its outlook for the US airline industry and slapped with a downgrade from “neutral” to “se...
Most Americans are worrying “a great deal” about the economy and inflation
With “Liberation Day” only just behind us — an occasion that you may have marked with new traditions like selling loads of Apple stock (or buying loads of Apple stock), and guessing which island terri...
Traders are betting that tariffs mean the return of transitory inflation
Traders are betting that tariffs will turbocharge inflation — but not for long. One-year inflation swaps have jumped to their highest level since August 2022, the month that Fed Chair Jerome Powell sa...
The big market bet that inflation will jump and the Fed will cut rates anyway
Inflation expectations are going up. Bond yields are going down. Two-year inflation swaps (in which the buyer receives an inflation-linked payout) have jumped more than 25 basis points over the past t...
Credit market alarm bells signal the stock market’s in “growth scare” mode
How can you tell when a stock market sell-off is getting really worrisome? Well, in our view, it’s when the credit market starts to go a little pear-shaped. That’s what’s happening now. Even with toda...
The clock never stops ticking on America’s national debt problem
On Tuesday, the Congressional Budget Office warned that the US government could run out of money to pay its bills in August — or even earlier, in a worst-case scenario. How did we get here? When the d...