The Latest Breaking News from US Federal Reserve

Jobs reports simply don't get any better than the one we received this morning.

After a brutal sell-off last year, the Nasdaq Composite index has started this year on a positive note. Moreover, easing inflation and the Fed’s smaller rate hike have rekindled optimistic market sentiments. Given this backdrop, investors should buy fundamentally sound Nasdaq stocks PepsiCo (PEP) and Comcast (CMCSA) like there’s no…

With the recent market rally hinged on hopes of an end to the Fed’s hawkishness in the foreseeable future, strong fundamentals of Pfizer (PFE) for excellent value could help investors secure decent risk-adjusted returns on their investments. Read on….

Does the Federal Reserve have it wrong

The U.S. labor market burned red-hot in January as hiring unexpectedly surged and unemployment fell to a 53-year low, defying recession forecasts and adding pressure on the Federal Reserve to keep raising interest rates.

January’s gains were broad-based across industries. A category that includes restaurants and bars added 99,000 jobs. Professional and business services jobs, including bookkeepers and consultants, rose by 82,000.

Comes as Biden and McCarthy begin debt ceiling negotiations

WASHINGTON: US job gains surged unexpectedly last month as unemployment slipped to its lowest rate in more than five decades, government data showed on Friday, despite efforts to cool economic activity.

Despite the cooling inflation, the Fed is not expected to cut rates in 2023 as it is committed to achieving its 2% inflation target. Continued rate hikes, albeit at a lower rate, could potentially push the economy into a recession this year. Amid lingering recession fears, it could be wise…

Total is far higher than what economists expected even as Federal Reserve continues to raise interest rates to bring down inflation

Although moderating inflation has raised investor confidence, the Fed has signaled its intention of further rate hikes. Moreover, with recessionary fears looming, the stock market could be volatile for a while. Against this backdrop, fundamentally weak stocks Advanced Micro Devices (AMD) and Rivian Automotive (RIVN) might be best avoided now.…