The numbers: The leading economic index fell 0.8% in June, the U.S. Conference Board said Thursday. Economists polled by The Wall Street Journal expected a 0.6% decline. This is the Read more
Tag: Money/Currency Markets
U.S. leading economic index pointing to recession around end of the year, Conference Board says
The numbers: The leading economic index fell 0.8% in June, the U.S. Conference Board said Thursday. Economists polled by The Wall Street Journal expected a 0.6% decline. This is the Read more
The Fed could get lucky or things might go wrong. A guide to where the economy might go from here
Is a recession inevitable? Will the Federal Reserve cause it? Although superlatives about the U.S. economy have been overused in the wake of the pandemic, it is fair to say Read more
Minecraft bans NFTs and blockchain, saying they don’t align with game’s values
From GameStop to Meta to the NFL, NFTs seem to be all the rage. But there’s one place you won’t be seeing any anytime soon: Minecraft. Mojang Studios, developers of Read more
10-year Treasury yield dips back below 3% as traders await European Central Bank decision
U.S. bond yields fell on Wednesday, sending the 10-year back below 3%, as market volatility eased ahead of the European Central Bank’s rate hike decision on Thursday and next week’s Read more
U.S. inflation, recession concerns take a back seat in markets to someone else’s problems for now: Europe’s
Christine Lagarde, president of the European Central Bank, is shown near a flag posing with other officials from Europe at a summit in Brussels in June. Olivier Hoslet/Agence France-Presse/Getty Images Read more
How high will the Fed have to push up interest rates to cool down inflation? No one knows
One of the most vexing questions for Federal Reserve policy makers is just how high they will have to push up interest rates to cool down the U.S. economy and Read more
Treasuries becalmed as bund yields jump on ECB speculation
U.S. bond yields were barely changed on Tuesday, as a lack of fresh catalysts provided a period of contemplation ahead of next week’s interest rate decision by the Federal Reserve. Read more
Ether leads crypto rebound as developers eye Sept. 19 for ‘Merge’ upgrade
Embattled cryptocurrency Ether jumped almost 10% in the past 24 hours and gained about 24% in the past seven days, as Ethereum’s developers provided a more detailed timeline for the Read more
U.S. home builder confidence plunges in July, NAHB reports
The numbers: The National Association of Home Builders’ monthly confidence index plunged 12 points to 55 in July, the trade group said Monday. The decline was much larger than expected. Read more