Market Update

Federal Reserve Chair Jerome Powell has signaled that long-awaited interest rate cuts could arrive soon, marking the first such move during the current presidential term. In a pivotal speech at a major central banking forum, Powell highlighted growing concerns over a weakening job market, suggesting that lower rates might be …

U.S. bond yields continued their ascent on Thursday, bolstered by recent statements from Federal Reserve officials and a series of unexpectedly positive economic reports. The yield on the benchmark 10-year Treasury note climbed to 4.330% from its previous close of 4.299%.This increase was fueled by comments from Beth Hammack, a …

The Dow Jones Industrial Average fell to its lowest point in over a week on Thursday as investors grew cautious about the prospects for a Federal Reserve interest rate cut in September. While some positive economic data helped to limit losses, the market remains concerned that rising inflation—fueled by tariffs—could …

As the financial world awaits Federal Reserve Chair Jerome Powell’s highly anticipated speech at the annual economic symposium this Friday, investors are holding their breath for clarity on the central bank’s stance regarding interest rates. Amid a backdrop of mixed economic signals—steady GDP growth despite a struggling labor market, and …

Gold prices have held firm amid mounting anticipation for the Federal Reserve’s Jackson Hole symposium, where Chair Jerome Powell is set to deliver a key speech on economic outlook and policy direction. As of Thursday, spot gold dipped slightly by 0.1% to $3,342.25 per ounce, while U.S. gold futures for …

Boeing is on the verge of sealing a monumental aircraft deal with China that could involve selling up to 500 planes, according to informed sources. If finalized, this agreement would end a prolonged freeze on sales that dates back to a high-level U.S. visit to Beijing in 2017.Negotiations between Boeing …

New data from S&P Global’s Purchasing Managers’ Index (PMI) suggests that U.S. business activity saw a surprising acceleration in August, adding to signs of a strong third quarter. The Composite PMI, which combines manufacturing and services, rose to 55.4, up from 55.1 in July. Since any reading above 50 indicates …

Forex markets are abuzz as a wave of key economic indicators, particularly the highly anticipated Purchasing Managers’ Index (PMI) data, prepares to hit the wires. This global pulse check will offer fresh insights into the health of various economies, potentially shaking up currency valuations and setting the tone for the …

The Dow Jones Industrial Average (DJIA) is struggling to find a clear direction, hovering around the 45,000 mark. The major index faced downward pressure as investors began to take profits from tech stocks, which have seen a significant run-up. While the Dow managed to recover some of its losses, market …

In a revealing snapshot of internal deliberations, the latest Federal Open Market Committee minutes indicate that nearly all participants at the late July meeting endorsed maintaining the benchmark interest rate within the 4.25% to 4.50% range, viewing it as a prudent stance given ongoing economic uncertainties. This consensus underscores a …