Will Easy Credit and Rising Stocks Hinder the Fed’s Inflation Fight?

inflation on the rise

Could Overly Easy Credit and a Soaring Stock Market Threaten the Fed’s Fight Against Inflation? As the Federal Reserve kicks off its two-day meeting, stocks continue to rally, with the S&P 500 ending January with a gain of 6.2%. The tech sector performed even better, with a 9.2% increase in the same period. Meanwhile, interest … Read more

Retail sales growth sluggish in August as consumers fight to keep up with inflation

Retail sales growth sluggish in August as consumers fight to keep up with inflation

Retail sales numbers were better than expected in August as price increases across a multitude of sectors offset a considerable drop in gas station receipts, the Census Bureau reported Thursday. Advance retail sales for the month increased 0.3% from July, better than the Dow Jones estimate for no change. The total is not adjusted for … Read more

Dow pops 400 points as Wall Street applauds latest bank earnings, strong June retail sales

analyst custs sp500 earnings estimate

Stocks jumped on Friday as traders digested a fresh batch of bank earnings and retail sales for June that came in ahead of expectations. The Dow Jones Industrial Average popped 449 points, or 1.46%. The S&P 500 jumped 1.21% and Nasdaq Composite added 1%, but stocks remained on track for weekly losses. A new round of … Read more