The Latest Breaking News from US Federal Reserve

Stocks closed their best week of 2023 after Friday’s soft jobs data as investors grew hopeful that the Fed is finally done with its rate hikes. Amid an improved macro backdrop, high-performing large-cap ETFs Monarch Blue Chips Core ETF (MBCC), Vanguard S&P 500 ETF (VOO), and Goldman Sachs Hedge Industry…

December S&P 500 futures (ESZ23) are up +0.21%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.25% this morning as market participants looked ahead to more corporate earnings reports and Federal Reserve Chair Jerome Powell’s speech later in the week.

Dip buyers were back with a vengeance this week with S&P 500 closing the week up almost 6%. Tesla and Nvidia also had fantastic weeks closing up 6% and 11% respectively.

Jumping into the stock market based solely on one economic report can be risky and may lead to significant financial losses. We will discuss recent events resulting in this best market rally performance for the year. But do you think it can last?

To all the homebuyers dreading the toxic mix of low inventory and 8% mortgage rates, how does a cooling economy and a 7.4% rate sound?

Mega-cap stock Apple fell after earnings, but softer-than-anticipated jobs data gave bulls the upper hand Friday.

The dollar index (DXY00 ) Friday fell by -0.98%, adding to Thursday’s decline of -0.71%. EUR/USD (^EURUSD ) rose by +0.96%. The euro was supported by dollar weakness and was able to shake off weak Eurozone economic news. USD/JPY (^USDJPY ) fell by -0.72%. The dollar on Friday fell sharply...

While the Fed is expected to keep interest rates higher for longer, recent robust economic data reinforced the optimism that the economy could avoid a recession. Given the market’s improving outlook, let’s determine whether investors should be bullish or bearish on large-cap ETFs SPDR S&P 500 ETF Trust (SPY) and…

A soft jobs report keeps the Fed on track to leave interest rates unchanged next month.

Stocks have found a bottom after a nasty 3 month correction. Helping matters was statements by Fed Chairman Powell on Wednesday with stocks roaring higher ever since including a decisive break above the 200 day moving average for the S&P 500 (SPY). No doubt we want to know what this…

Today’s weaker-than-expected U.S. unemployment provided strong support for this week’s theme that the Fed’s rate-hike regime is likely over. Oct U.S. payrolls rose by +150,000, weaker than expectations of +180,000, and Sep payrolls were revised lower to +297,000 from +336,000. Also, the Oct U.S. unemployment rate rose by +0.1 points...