Wall street investment banks

Share to Twitter Share to Linkedin The job market and the economy will be in bad shape for a while. With all the chatter about inflation and a recession, it's hard to understand what is happening. Let’s break it down. A combination of pent-up demand from the pandemic, supply chain disruptions , trillions of dollars flooded into the market from the Federal Reserve Bank, and massive fiscal stimulus packages from both the Trump and Biden administrations helped stoke inflation . Runaway inflation is ruinous to a country. The costs spiral out of control. The poor are disproportionately impacted, as they generally don't have emergency funds or the ability to earn more than the rising inflation rate to keep their heads above water. To decrease the adverse impact of inflation, Jerome Powell, the head of the Federal Reserve Bank, announced that he would raise interest rates to battle inflation and cool down the economy. If you have been looking to … [Read more...] about An Easy Explanation Of What Happens When The Federal Reserve Bank Raises Interest Rates

- A + A (Aug 12): Wall Street's main indexes rose on Friday, setting the S&P 500 and the Nasdaq for a fourth straight week of gains on increasing evidence that inflation may have peaked. The S&P 500 is up 16.8% from its mid-June low, with the latest boost coming from a slower-than-expected rise in consumer prices and a surprise drop in producer prices in July. The benchmark index crossed a closely watched technical level of 4,231 points, indicating it has recovered 50% of its bear market loss. It was headed for fourth straight week of gains, its best performance since November 2021. "We're seeing a market that is focusing on inflation peaking and so the rally is continuing, although volume is rather light," said Peter Cardillo, chief market economist at Spartan Capital Securities. "Investors are becoming more optimistic in terms of the Fed not being as aggressive as the market previously had expected." While policymakers remain firm about a further … [Read more...] about Wall St set for weekly gains on signs of cooling inflation

- A + A NEW YORK (Aug 12): Wall Street closed higher on Friday (Aug 12) as signs that inflation may have peaked in July increased investor confidence that a bull market could be under way and spurred the S&P 500 and the Nasdaq to post their fourth straight week of gains. The S&P 500 is up 17.7% from a mid-June low, with the latest gains coming from data this week showing a slower-than-expected rise in the consumer price index and a surprise drop in producer prices last month. The S&P 500 crossed a closely watched technical level of 4,231 points, indicating the benchmark index has recouped half its losses since tumbling from the all-time peak in January. A 50% retracement for some signals a bull market. "It's really just a number, but it certainly makes investors feel better — at least those who bought near the bottom," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. "I wouldn't declare victory over this bear market … [Read more...] about S&P 500, Nasdaq close up for fourth straight week as optimism grows