In a speech overnight, Fed Governor Lisa Cook articulated her stance on waiting for more definitive signs of inflation moving towards 2% target before considering any policy rate reductions. “I would like to have greater Read more…
Philadelphia Fed President Patrick Harker did not dismiss the possibility of a rate cut as early as May meeting. But he emphasized the importance of observing “a couple more months” of economic data before making Read more…
Absent a new inflationary shock, central banks’ next moves are likely to be down. We expect the first cut in Australia to occur after the late-September meeting. Here we explain our reasoning behind this timing. Read more…
Westpac economics sees the RBNZ leaving the OCR at 5.5% at the February Monetary Policy Statement and adopting a hawkish outlook for the OCR. Hawkish hold expected We expect the RBNZ will leave the OCR Read more…
Retail spending was much weaker than expected in the December quarter, highlighting weak household spending appetites in the face of high inflation and high borrowing costs. December quarter real retail sales (volumes): -1.9% (Prev: -0.8%) Westpac Read more…
Eurozone sees marginal improvement in surveys US services cool in February EURUSD breaks through descending channel The PMI surveys have certainly made it an eventful day in the markets, albeit one that doesn’t necessarily provide Read more…
Peter Rawlinson wants people to know that he’s working hard. The Lucid Group (LCID) CEO drove that point home during the electric vehicle maker’s fourth-quarter earnings call. Rawlinson was asked if he intended to take 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. No wardrobe is complete without at least one sweatshirt, and instead Read more…
Home Depot (HD) is the New York Yankees of the home-improvement retail industry, dominating the category as the team of yesteryear did in baseball. The Atlanta company serves both regular consumers like you and me Read more…
Advanced Micro Devices (AMD) shares powered higher Thursday, adding to the stock’s impressive year-to-date gains, as investors repriced Nvidia’s chip-sector rivals following its blowout fourth-quarter earnings last night. AMD, led by the highly-respected CEO Lisa Read more…