The year ahead is promising not to be an easy one for investors as a recession threat looms, but Bank of America is offering some advice on when things might Read more
Tag: economic news
Dow turns positive, stocks pare losses as market heads for second weekly gain to kick off 2023
U.S. stocks pared early losses on Friday with the Dow turning mildly positive as investors scrutinized more economic data and Federal Reserve commentary following Thursday’s promising inflation report, as well Read more
Tesla is a ‘soft-landing’ stock, says Goldman Sachs. Here are its picks for a gentle economic landing and stocks for a recession.
Pour one out for the beleaguered economists, who for once got an important indicator, the consumer price index, right on the nose, after CPI fell 0.1% in December, while core Read more
Consumer sentiment jumps to 9-month high as inflation ebbs and stocks rebound
The numbers: A survey of consumer sentiment rose to 64.6 in January and hit a nine-month high, reflecting easing worries about inflation and Americans’ greater confidence in their own finances. Read more
U.S. import prices rise for first time in six months
The numbers: The cost of U.S. imported goods rose 0.4% in December to mark the first increase in six months, but there was little sign of intensifying inflationary pressures. Economists Read more
German economy slowed in 2022 as high energy prices took a toll
The German economy lost momentum in 2022 as the country faced multidecade high inflation rates as energy prices soared, posing challenges for its key industrial sector. The eurozone’s largest economy Read more
Inflation is easing, but the prices of these groceries are expected to soar in 2023 — including one whose price rose nearly 60% in December
General inflation is easing, but the prices of some food items are not going down anytime soon. And the reasons are largely out of the Federal Reserve’s control. The consumer Read more
St. Louis Fed’s Bullard calls latest inflation data ‘encouraging’
St. Louis Fed’s Bullard calls latest inflation data ‘encouraging’
Treasury yields fall after U.S. inflation data
Treasury yields fell Thursday, after an eagerly awaited U.S. December consumer-price index reading showed inflation continued to slow, in line with expectations. What’s happening The yield on the 2-year Treasury Read more
Jobless claims show no spike in layoffs
The numbers: Initial jobless claims fell by a seasonally adjusted 1,000 to 205,000 in the week ended Jan. 7, the Labor Department said Thursday. Economists polled by The Wall Street Read more