The Latest Breaking News on Economic Optimism Soars as Americans Embrace Promising Outlook for 2024

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The Federal Reserve will make only modest progress in its fight against inflation for the rest of this year, even while keeping its benchmark interest rate at a 16-year high, a group of business economists predict in a new survey

Consumer spending drove the 1.1% growth in GDP during the first quarter. With strong job growth and cooling inflation, consumer sentiment is expected to improve. Given this backdrop, it could be wise to buy fundamentally strong consumer stocks LVMH Moët Hennessy - Louis Vuitton, Société Européenne (LVMUY), Unilever (UL), and…

The dollar index (DXY00 ) on Tuesday rose by +0.12%. The dollar saw support from stronger-than-expected U.S. manufacturing production and NAHB housing reports, which pushed T-note yields higher. In addition, hawkish Fed comments Tuesday from Chicago Fed President Goolsbee and Richmond Fed President Barkin gave the dollar a boost. Weakness...

Amid a high-interest rate environment, finance companies seem well-positioned to boost their profit margins. Hence, fundamentally strong financial stocks, EZCORP, Inc. (EZPW) and Regional Management (RM), could be smart investments now to garner significant returns in the foreseeable future. Read on….

The dollar index (DXY00 ) on Monday fell by -0.24%. The dollar on Monday retreated from a 5-week high and posted moderate losses as stocks moved higher, curbing liquidity demand for the dollar. The dollar was also under pressure after the U.S. May Empire manufacturing index fell more than expected...

Atlanta Fed President Raphael Bostic thinks high consumer spending and strong labor market could continue to push prices higher.

The globe has, so far, been able to weather higher interest rates without the devastating consequences some anticipated.

June S&P 500 futures (ESM23) are up +0.39%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.32% this morning as market participants awaited an update on plans to raise the U.S. debt ceiling while bracing for a key speech from Fed Chair Jerome Powell.