Stocks started Thursday on a quiet note, but then jolted higher as investors digested global central bank news and a busy day of U.S. economic data that included stronger-than-expected retail sales figures. Following yesterday’s pause on rate hikes from the Federal Reserve, the European Central Bank (ECB) overnight raised interest rates by a quarter-percentage… Continue reading Stock Market Today: Stocks Climb After Solid Retail Sales, Cava IPO
How the Debt Ceiling Negotiations Affect the Budget: Kiplinger Economic Forecasts
U.S. politics has a wide-reaching impact not just on the U.S. and its economy but across the world too. Our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You’ll get all the latest news first by subscribing, but we… Continue reading How the Debt Ceiling Negotiations Affect the Budget: Kiplinger Economic Forecasts
Stock Market Today: Stocks Swing After Fed Signals More Rate Hikes
Stocks spent the day mostly higher in the lead up to this afternoon’s policy announcement from the Federal Reserve. However, the major indexes swung lower after the central bank, as expected, held interest rates steady, but forecast more rate hikes to come. Price action ultimately stabilized into the close, though one major index woefully underperformed… Continue reading Stock Market Today: Stocks Swing After Fed Signals More Rate Hikes
U.S. Debt on Course to Balloon Before It Shrinks: Kiplinger Economic Forecasts
To help you understand what is going on in the U.S. economy and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You’ll get all the latest news first by subscribing,… Continue reading U.S. Debt on Course to Balloon Before It Shrinks: Kiplinger Economic Forecasts
Stocks Rise After May CPI Shows Inflation is Easing
Stocks closed higher Tuesday after the latest consumer price index (CPI) report raised expectations that the Federal Reserve will pause its run of rate hikes tomorrow when it concludes its June meeting. However, while the data showed that inflation is easing, some “sticky” readings increased the probability that another rate hike could come at the… Continue reading Stocks Rise After May CPI Shows Inflation is Easing
The Pros’ Investment Strategies for Today’s Market
Wall Street’s most prevalent investment strategies looking out toward the rest of 2023 look much, much different than they did this time a year ago. Around this time last year, the S&P 500 had just entered a bear market, putting an end to the 2020-2022 bull run. Additionally, the Federal Reserve was on the cusp… Continue reading The Pros’ Investment Strategies for Today’s Market
Proxy Season Update for 2023: What Shareholders Are Saying
Did you know it’s proxy season, that period from roughly April through June when public companies hold annual meetings? When you own stock in a publicly-traded company, you can vote by proxy on shareholder proposals about issues such as new board members. While it may seem boring on its face, remember that shareholder proposals essentially… Continue reading Proxy Season Update for 2023: What Shareholders Are Saying
Bonds Are Having a Bang-Up Year
The picture is fast brightening for fixed-income investors for the rest of 2023. Federal Reserve chairman Jerome Powell hinted (in his coy manner) in early May that the bank is finally done tightening credit and raising interest rates — good news for bond prices, which move in the opposite direction. Also, the stock, real estate… Continue reading Bonds Are Having a Bang-Up Year