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

Australian shares rally, tracking overnight Wall Street gains after the US Federal Reserve chairman said the central bank could slow its pace of interest rate hikes "as soon as December".

The Tesla and Twitter CEO has suffered major stock dips this year, but there’s little chance of a Fed pivot.

With inflation showing signs of cooling down, the Fed will likely relax its aggressive monetary policy. Moreover, many are hopeful that the economy might witness a soft landing. While we believe investors should buy fundamentally sound small-cap stock CSW Industrials (CSWI), WeWork (WE) might be best avoided considering the market…

The U.S. housing market pulled back even more in September, with prices slipping 1.2% from a month earlier.

Bank of America says a “mild recession” will raise the unemployment rate to 5.5% next year and cool inflation.

With inflation slightly cooling off last month and the Fed expected to slow the pace of interest rate hikes, this could be an excellent time to buy value stocks. Investors could look to buy fundamentally strong stocks, Albertsons Companies (ACI), Berry Corporation (BRY), and Good Times Restaurants (GTIM), which are…

The Fed is likely to slow its pace of rate hikes over the coming months as inflation shows signs of cooling. Moreover, experts believe the stock market could see a significant rally at the year-end. Hence, fundamentally strong stocks Rimini Street (RMNI), GEE Group (JOB), and Ultralife Corporation (ULBI) might…

With inflation starting to ease, the Fed is expected to slow down the rate hikes. However, many analysts still believe the economy will face a mild recession next year. Thus, investors looking for steady returns could buy fundamentally strong stocks such as Ambev S.A.(ABEV), Cardinal Health (CAH), and Universal Logistics…

Despite the expected slowdown of interest rate hikes, investors are concerned about a recession next year. This could mean more pain for stocks that have already fallen significantly this year. Amid this backdrop, investors should avoid fundamentally weak stocks Advanced Micro Devices (AMD), DraftKings (DKNG), SoFi Technologies (SOFI), ContextLogic (WISH),…