The upcoming election could fundamentally change the inflation outlook for the next three to four years, according to an inflation trader. While many investors and traders are optimistic about cooling U.S. inflation ahead of Thursday’s consumer-price index for June, Wall Street is concerned about the potential inflationary impacts of a...
A softer-than-expected inflation report could pressure the Federal Reserve to signal an interest rate cut is likely in September, or even open the door to one later this month. Thursday’s inflation report is anticipated to be a key event for U.S. markets in a busy week that also includes the...
With President Joe Biden’s re-election campaign appearing to hang by a thread after last week’s debate debacle, investors understandably may wonder whether a change at the top of the Democratic ticket would move the stock market. To understand this, it’s useful to examine how the market has reacted to swings...
Wall Street’s biggest bear, Chief Market Strategist Marko Kolanovic, is leaving JPMorgan Chase & Co. after 19 years. According to internal memos, Kolanovic is departing to pursue new opportunities, as first reported by Bloomberg News. Kolanovic’s exit comes after a challenging two-year period of market calls where he stayed bullish...
On Tuesday, the S&P 500 closed at a record high, boosted by anticipation of a strong upcoming earnings season. LPL Financial expects this season to be “solid,” but increasing growth estimates for the latter half of 2024 might be challenging. Jeff Buchbinder, chief equity strategist at LPL Financial, remarked that...
A new research paper asserts that demand, rather than supply, was the primary driver of post-pandemic inflation in both the U.S. and Europe. At the European Central Bank’s annual gathering in Sintra, Portugal, economists Domenico Giannone from the International Monetary Fund and Giorgio Primiceri from Northwestern University challenged the widely...
