Stocks finished lower following a hotter-than-expected report and a weak Treasury auction. The CPI data knocked the indexes off their pre-market highs, while the weak Treasury sent rates surging and markets plunging.
The CPI came in…
As the soft landing narrative grows, the risk of a 'crisis event in the economy increases. Will the Fed trigger another crisis event? While unknown, the risk seems likely as the Fed’s “higher for longer” narrative is compromised by…
Sir Patrick's notes were not displayed but Mr Keith said they showed "according to the Cabinet Secretary himself, this is in November 2020 so that would be Simon Case, No10 was at war with itself - a Carrie faction with Gove, another…
Recently, Twitter user @yeezyree asked: "What immediately tells you that a person wasn't raised right?"The responses ranged from everyday courtesy, like being kind to customer service workers, to deeper character flaws, like…
When X (formerly Twitter) launched paid subscription verification, Mistress Rouge, a professional dominatrix, hoped that it would help her advertise to new clients. But paying for the service didn’t protect her from X’s crackdown on…
Today marks a year since the S&P 500 ended its bear market
A lot has changed since then, but the US economy still hasn't entered recession
The future might look bleak because of the current headwinds, but stocks still could end…
Who knew that the big risk this year was a US economy that would be too hot? Coming into 2023, strategists were bearish following the market’s drubbing the previous year. The consensus expectation was that it would be a tough first…
Under Secretary of State for Arms Control and International Security, Ambassador Bonnie D. Jenkins, will travel to New York, October 12-13, for the United Nations General Assembly First Committee (UNFC) to discuss the…
The September CPI report is due Thursday and is expected to show headline annual inflation rising 3.6% compared to the 3.7% reading seen in August.
Overall, while the trend is lower, I believe the data will emphasize the substantial…
The finished about 50 bps today higher but had been up more than 1% at one point—stocks turnaround after 1 p.m. ET, following a weak Treasury auction.
The 3-year auction ended up tailing, with a when-issued rate of 4.723% while…