Earnings bonanza, Yellen's new recession prediction and more: Monday's 5 things to know
Traders will be looking at quarterly results from 12 Dow members and 170 S&P 500 companies this week, including Alphabet, Microsoft, GE and Comcast.
Yellen predicts Fed’s anti-inflation policies will be ‘successful,’ after wrongly calling it 'transitory'
Treasury Sec. Janet Yellen predicted Sunday that the Federal Reserve's anti-inflation policies will be "successful" after previously admitting she'd been wrong about inflation.
Mortgage rates rise as eyes turn to next Fed rate hike
Consumer demand for homes is dying down as mortgage rates rise. With an interest rate hike expected from the Fed next week, rates could continue to move higher. Here's how you can get the best interest rate.
ECB raises rates by half-percentage point in first hike since 2011
European Central Bank raised interest rates by half a percent which exceeded expectations and devised a plan to purchase debt of Europe's most vulnerable economies.
Investor pessimism highest since 2008 financial crisis as inflation rages: BofA
There is a "dire level" of pessimism among fund managers, according to a new Bank of America survey, which painted a bleak picture of sentiment on Wall Street.
US equity funds' net assets shrank by $2T in second quarter
The US equity funds' net assets decreased by 2 trillion dollars in large part to increased interest rates by the federal reserve coupled with record 41-year high inflation.
Citi forecasts historic 100-basis point Fed rate hike after inflation shocker
The Federal Reserve could approve a historic, 100-basis point interest rate hike when they meet at the end of July following the sizzling-hot inflation data released this week.
Why is inflation still so high, and when will it start to cool?
Inflation accelerated more than expected in June, and economists say it could be a "long, hard slog" before prices begin to normalize, despite strong action by the Federal Reserve.
Inflation hits new 40-year high in June — what this means for interest rates
Inflation has continued to surge, surpassing 9% in June and hitting another new 40-year high. Here's what that means for interest rates.
Searing-hot inflation data opens door to 100-basis point Fed rate hike in July
The hotter-than-expected June inflation report is fueling bets that the Federal Reserve will approve a 100-basis point interest rate hike, a historic move to fight rising prices.
Investors should ‘buckle up’ for long slowdown: Investment strategist
Piper Sandler Chief Investment Strategist Michael Kantrowitz had a warning for investors on Thursday following the start of Q2 earnings season and disappointing inflation data.
Wholesale inflation surges 11.3% in June, accelerating more than expected
The producer price index, which measures inflation at the wholesale level before it reaches consumers, accelerated again in June, the Labor Department said on Thursday.
NYSE senior market strategist on 'bad' inflation data and what it means for future Fed action
New York Stock Exchange Senior Market Strategist Michael Reinking weighed in on the latest inflation data, warning that more aggressive action from the Fed should be expected.
Inflation surged in June and Americans should be furious at the Axis of Idiocy that created it
In the month of June inflation hit 9.1%. That the highest number in more than 40 years. Americans are right to ask how this happened and who is to blame.
Fed's Bostic on July rate hike options: 'Everything is in play'
Atlanta Federal Reserve Bank President Raphael Bostic says "everything is in play" when it comes to July rate hike options after 9.1% inflation spike.
Fed's Powell met with lawmakers on Capitol Hill ahead of June inflation report
Republican Sen. John Barrasso said Wednesday that he met with Federal Reserve Chairman Jerome Powell one day before the Labor Department released the June inflation data.
Larry Summers warns inflation unlikely to fall without 'significant economic downturn'
Former Treasury Secretary Larry Summers said Wednesday that the sizzling-hot June inflation report had ramped up the odds of a "significant" economic downturn.
Inflation surges 9.1% in June, accelerating more than expected to new 40-year high
Painfully high inflation persisted in June as the consumer price index soared to another 40-year high, adding to a growing list of political problems for the Biden administration.
Inflation likely hit fever pitch in June with consumer prices surging again
Inflation is expected to have surged again in June, with the Labor Department's consumer price index likely climbing by 8.8%, notching another four decade high.
White House braces for another ugly inflation report
The White House is already downplaying the June inflation report ahead of its release on Wednesday morning as economists brace for another record-breaking increase.