Rarely has there been such a pronounced divergence in opinion about the Federal Reserve’s strategy as there is now, after the central bank tightened its monetary policy and updated its stale economic projections from late last year. As expected, the Federal Open Market Committee raised its federal-funds rate target range this past week by one-quarter […]
The foreclosure uptick indicates that the economic — and especially employment recovery — is not complete, an expert says. Getty Images In January there was a seven-fold increase in foreclosure starts as compared to December, with roughly 33,000 loans referred to foreclosure, according to a report from mortgage data and analytics company Black Knight. What’s […]
Rising food prices could lead consumers to expect higher inflation, becoming a self-fulfilling prophesy. Here, a market in Brooklyn, NY, on a recent day. Spencer Platt/Getty Images Text size The latest increase in consumer prices is worse than it looks, and it may only be the start. The consumer price index jumped 7.9% in February […]
US stocks fell Thursday, as investors weighed up surging US consumer price inflation, a hawkish tilt from the European Central Bank, and stalled Russia-Ukraine negotiations. Oil prices were also rising again. How are stock-index futures trading? The Dow Jones Industrial Average DJIA, -1.37% fell 357 points, or 1.1%, to 32,930. The S&P 500 SPX, -1.56% […]
US stock futures declined, while oil prices rose sharply, as investors monitored developments surrounding Russia’s invasion of Ukraine and awaited fresh inflation figures. Futures for the S&P 500 declined 1% Thursday, while contracts for the tech-focused Nasdaq-100 fell 1.4% and futures for the Dow Jones Industrial Average were 0.6% lower. All three indexes broke a […]
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