Markets Dip Friday On Warsh Speech, But Higher For Week
PCE: Inflation Still Stubborn; July Warmup Tops Estimates
Warsh's Inflation Comments Lift Odds For A Rate Increase
Fed chair Kevin Warsh's Friday speech in Jackson Hole didn't go over well on Wall Street. His concerns over inflation would drag the major indices lower for the day, but all three still managed a weekly win.
Warsh's Inflation Comments Lift Odds For A Rate Increase
PCE: Inflation Still Stubborn; July Warmup Tops Estimates
Warsh's Inflation Comments Lift Odds For A Rate Increase
Kevin Warsh didn't discuss what may be ahead for interest rates, but the markets think they got more clues. Warsh's focus on inflation lifted the odds to about 60% that a rate hike will arrive in September.
PCE: Inflation Still Stubborn; July Warmup Tops Estimates
PCE: Inflation Still Stubborn; July Warmup Tops Estimates
The Fed's preferred inflation read shows the fight to tame price increases still has a long way to go. Overall inflation in July edged higher with both the monthly and yearly pace gaining more than expected.
Sentiment Survey Stumbles Hold In Final August Reading
The decline in consumer sentiment that first showed up early in August wouldn't improve as the month went on. The final survey for the month confirmed concern over the war and inflation is rising again.
War Updates: Latest Reports On Conflict and Negotiations
War Updates: Latest Reports On Conflict and Negotiations
New developments in the war with Iran, both in the Middle East and back here at home, continue to come out rapidly. For the latest on the hostilities and efforts to reach a deal, updates can be found here.
Still Ahead: Jobs Report And Final Wave Of Tech Earnings
War Updates: Latest Reports On Conflict and Negotiations
After a busy week for the markets, things settle down to kick off September. A new jobs report will be the headliner when it lands Friday, while Q2 earnings enter the home stretch with tech names out front.