Stock market today: Indexes add to records as traders parse more economic data and Fed comments
Stock indexes continued to climb after a record close on Monday, as investors tuned in to new commentary from Fed officials.
Fed governor explains why she became first to dissent from rate cut decision in nearly two decades
Fed Governor Michelle Bowman warned about inflationary risks in explaining her dissent of the Fed’s decision to conduct a bigger-than-normal interest rate cut.
Gold price extends rally as Middle East tensions escalate
Gold hits a new ATH of $2,655 amid declining US Consumer Confidence and weakening US Dollar, XAU/USD trades at $2,651.
The Globe and Mail30m
Dollar Weakens as the Yuan Rallies on Chinese Stimulus Measures
Hawkish comments today from Fed Governor Bowman limited losses in the dollar. The US Jul S&P CoreLogic composite-20 home price index eased to +5.92% y/y from +6.54% y/y in June, the smallest pace of ...
The Globe and Mail26m
Dollar Falls Back as Chinese Stimulus Measures Boost the Yuan
Hawkish comments today from Fed Governor Bowman supported the dollar when she said the Fed should lower interest rates at a "measured" pace, as inflationary risks remain and that the labor market has ...
The stock market rally risks sparking an unsustainable 'melt-up' as the economy overheats, market vet Ed Yardeni says
The Fed's latest rate cut means there's a bigger risk the US economy will overheat, market vet Ed Yardeni said.
capitalbrief46m
Australian shares to open higher, tracking gains on Wall Street
The Australian sharemarket is set to start higher after overnight gains on Wall Street following China's announcement of a ...