The Latest Breaking News from US Federal Reserve

As the title of this article implies, Steve Reitmeister believes now is the time to buy the dip for the stock market. Simply 4,600 was too high for the S&P 500 (SPY) given current conditions. And the recent trip down towards 4,300 is too low. The key is knowing which…

“It’s almost guaranteed to be wrong,” the GMO cofounder told Bloomberg of the Fed’s soft-landing forecast Thursday. “They have never called a recession.”

Summer doldrums have hit the stock market, which cruised along nicely in the first half of the year following a torrid 2022

September S&P 500 futures (ESU23) are trending down -0.22% this morning after three major U.S. benchmark indices closed in the red on Thursday as market participants digested another round of resilient economic data that heightened concerns about the possibility of interest rates remaining higher for longer, while worries about China…

Asian shares have slipped as rising yields in the bond market on Wall Street set off expectations that high interest rates would continue in the U.S. Benchmarks fell in Tokyo, Hong Kong, Shanghai and Seoul, and were little changed in Sydney

Mortgage buyer Freddie Mac said the average rate on the benchmark 30-year home loan rose to 7.09% — a year ago, the rate averaged 5.13%.

Despite higher rates than in decades past, CDs may only make sense for some.

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.77%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.84%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.08%. Stocks on Thursday closed moderately lower, with the S&P 500 posting a 7-week low,...

All three major indexes closed lower Thursday as the 10-year Treasury yield hit its highest level since 2008.