US President Joe Biden, with Treasury Secretary Janet Yellen, speaks during a meeting with his cabinet at the White House in Washington, DC, on March 3, 2022.Jim Watson | AFP | Getty ImagesThe U.S. government ran up another half a trillion dollars in red ink in the first quarter of...
Category: Economy
Wholesale prices unexpectedly fall 0.1% in December in positive inflation sign
Wholesale prices unexpectedly declined in December, providing a positive signal for inflation, the Labor Department reported Friday.The producer price index fell 0.1% for the month and ended 2023 up 1% from a year ago, the Labor Department reported Friday. Economists surveyed by Dow Jones had been expecting a monthly gain...
Thursday’s inflation report could challenge the market outlook for big Fed rate cuts
Consumers shop at a retail chain store in Rosemead, California, on Dec. 12, 2023.Frederic J. Brown | AFP | Getty ImagesEconomists expect that inflation nudged higher in December, a trend that could call into question the market's eager anticipation that the Federal Reserve will slash interest rates this year.The consumer...
Top Goldman Sachs analyst says the world is moving into a new super cycle
A screen displays the Dow Jones Industrial Average after the closing bell on the floor at the New York Stock Exchange on Dec. 13, 2023.Brendan Mcdermid | ReutersThe global economy is moving into a new "super cycle," with artificial intelligence and decarbonization being driving factors, according to Peter Oppenheimer, head...
Friday’s jobs report will be a big signal for a market looking for good news
A now hiring sign is posted in front of a U-Haul rental center on November 03, 2023 in San Rafael, California.Justin Sullivan | Getty ImagesWhen the December jobs report is released Friday morning, markets will be looking for a number that hits a sweet spot between not so robust as...