Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Economists polled by FactSet had expected payrolls to expand by 153,000, a drop from November’s 227,000 added jobs — which was revised down to 212,000 on Friday.
U.S. stocks were surging on Wednesday morning as Treasury yields fell after core inflation data came in below expectations, boosting bets that the Federal Reserve will still be able to cut interest rates this year.
JPMorgan Chase stands head-and-shoulders above the rest of this group of largest U.S. banks by ROAA, while Morgan Stanley runs a pretty close second when its performance is measured by ROTCE. And with such a large balance sheet, it is not a stretch to call JPM the best performer in the U.S. banking industry.
Don’t Wait for a Correction to Join a Bull Market If you’re interested in investing, you’re likely familiar with Warren Buffet’s famous quote from his 1986 Chairman’s letter: “Be fearful when others are greedy and greedy when others are fearful.
Incoming President Donald Trump’s second administration kicks off as the U.S. debt-ceiling debate enters another critical juncture.
Fed Quits Global Climate Risk Group
Op-ed views and opinions expressed are solely those of the author. The Bureau of Labor Statistics just released the monthly increase in the Consumer Price Index for […]
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Under federal law — Regulation FD — this information is made public — freely available to all. Keep in mind, however, that companies can get their estimates wrong. Companies are also not ...
Fed Chair Jerome Powell has said the central bank will keep its key interest rate elevated until inflation is back to 2%. As a result, Wall Street investors expect the Fed to cut its key rate just a single time this year, from its current level of 4.3%, according to futures prices.