After Jackson Hole, Fed’s Warsh faces another big test. Investors are split whether the Fed will hike. But BoJ seems poised to raise rates by 25bps. BoE to stand pat, UK data to take centre Read more…
Risky assets came under pressure this week as energy prices kept creeping higher and the ECB surprised the markets with a hawkish tone. The price of Brent crude touched USD 110 per barrel on Thursday Read more…
University of Michigan Consumer Sentiment fell from 51.7 to 47.8 in September, well below the 51.0 consensus and marking a second consecutive monthly decline. The deterioration was concentrated in expectations: Consumer Expectations dropped from 51.5 Read more…
SpaceX (SPCX) has already convinced investors that rockets can be a serious business. Now it has to prove they can behave more like airplanes. Pivotal Research Group analyst Jeffrey Wlodarczak initiated coverage of Elon Musk’s Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal It’s easy for the kitchen counter Read more…
The Consumer Price Index (CPI) rose by 0.4% month-on-month (m/m) in August, meeting the Bloomberg consensus. On a twelve-month basis, CPI held at 3.4%. Energy costs rose by 2.1% m/m, led by a 3.9% m/m Read more…
Markets The August US CPI inflation report temporarily lifted Fed rate hike bets for next week above 90%. Minutes after the release, two 25 bps rate hikes were fully discounted by year-end. Markets are trading Read more…
As recently as Tuesday, Sept. 8, mortgage rates seemed unlikely to reach 7%. Fast forward 48 hours, and the average 30-year fixed mortgage rate hit 7.07%, according to Mortgage News Daily data. The MND mortgage Read more…
Apple’s first product event under John Ternus just wrapped up. Wall Street has a verdict. The products impressed. The pricing did not land where analysts expected. Bank of America’s Wamsi Mohan had to update his Read more…
Why a stronger-than-expected CPI print sharply raised September Fed hike odds without producing a Dollar, yield or oil breakout that actually held What’s happening: August CPI beat on the monthly core reading, 0.3% versus 0.2% Read more…