Walmart recently revealed first-quarter fiscal earnings that were higher than anticipated. During the quarter, Walmart saw an astounding 22% increase in internet sales. High-end consumers who resorted to internet shopping—households making over $100,000 annually—were a major factor in this growth. This particular customer category was drawn to Walmart due in …

With a marginal increase, Dow Jones seems unchanged on quiet Friday, although it was still significantly below its recent record highs. Record stock gains fueled by expectations of a rate cut may not last long. Fed policymakers are still a major selling factor for the markets. As the markets conclude …

As of right now, the US dollar index is trading at 104.50, indicating a neutral performance (DXY). Strong data growth in the second quarter (Q2) and the cautious language used in the Federal Reserve’s policymakers’ most recent remarks, remarks, and statements are the reasons for the current stability.US Economy’s Q2 …

During the North American session on Friday, the GBP/USD pair recovered from its losses on Thursday and reached a new weekly high. The 100-DMA and important resistance at 1.2631/34 have been breached, according to the technical forecast.A decline below 1.2630 may expose 1.2500 and the 200-DMA at 1.2539, while buyers …

In order to prevent a falling currency that could jeopardize the outlook for inflation, the Bank of Canada is prepared to lower interest rates three times before the Federal Reserve takes its initial action. Investors are debating whether or not the Bank of Canada would deviate from its American counterpart …

WTI prices gains traction near $78.90 on early Friday trading. The softer US April inflation data, Fed rate cut expectations, and a drop in US crude inventories boost the black gold. The ongoing geopolitical risks in the Middle East might cap the downside of WTI prices. The latest US Consumer …

The US Dollar regained some stability and partially reversed its recent significant decline, especially in response to the US Consumer Price Index (CPI). Meanwhile, Federal Reserve officials expressed caution about inflation and the possibility of future interest rate cuts later this year. USD Index Rebound: The USD Index (DXY) experienced …

Federal Reserve Bank of Atlanta President Raphael Bostic appeared late Thursday alluding towards the possibility of late-2024 rate cuts, but cautioned the need for patience on interest rates.Key Remarks By Bostic I am pleased with inflation progress in April but the Fed is not yet there. The Fed has to …

The Dow Jones Industrial Average soared above 40,000 for the first time ever, marking the beginning of a bull market that began in October 2022. The index had reached the 40,000 mark earlier this year, but a slight April pullback due to high interest rates knocked it back down. The …

On Thursday, Loretta Mester, President of the Federal Reserve Bank of Cleveland, emphasized that maintaining the current levels of Fed policy will aid in returning still-elevated inflation to the 2% target.Key Quotes Current restrictive policy will help lower inflation.Monetary policy well positioned as fed reviews more data.It will take longer …