financial world

Fed’s Mester backs 75 basis point hike in July if conditions remain the same

Fed’s Mester backs 75 basis point hike in July if conditions remain the same

Cleveland Fed President Loretta Mester participates in a panel on the health of the US economy in New York on November 18, 2015. lucas jackson | Reuters Federal Reserve Bank of Cleveland President Loretta Mester said Wednesday that if economic conditions remain the same when the US central bank meets to decide its next monetary …

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Stocks Finish Lower After Weak Consumer-Confidence Reading

Stocks Finish Lower After Weak Consumer-Confidence Reading

US stocks slumped on Tuesday, giving up early gains and falling for the second day in a row as investors scrutinized new economic data for clues about the pace of monetary policy tightening. In recent sessions, major indices have been highly sensitive to news and data as investors assess the durability of the markets’ rebound …

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Stock index futures inch higher following a losing day Monday

Stock index futures inch higher following a losing day Monday

Stock futures rose slightly in overnight trading on Monday after a day of losses as investors prepare to rebalance their portfolios with the end of the quarter fast approaching. Dow Jones Industrial Average futures gained 36 points. S&P 500 futures were up 0.2% and Nasdaq 100 futures were up 0.3%. The overnight action followed modest …

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Consumer sentiment survey followed by the Fed shows inflation expectations ease slightly

Consumer sentiment survey followed by the Fed shows inflation expectations ease slightly

A shopper inside a women’s clothing store in the East Village neighborhood of Des Moines, Iowa, on Saturday, February 5, 2022. kathryn bets | Mayor Bloomberg | fake images A widely followed survey of consumer confidence released on Friday showed inflation expectations have eased slightly. The University of Michigan Consumer Surveys said consumers expect inflation …

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