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

While the October inflation report came in better than expected, it is far from the Fed’s target. Amid rising recession odds, consumer sentiment is declining. Therefore, fundamentally weak stocks NVIDIA (NVDA), Carnival Corporation (CCL), AMC Entertainment (AMC), Peloton Interactive (PTON), and Mullen Automotive (MULN), which have been slumping in price,…

Asian stocks are mixed after a Federal Reserve official suggested U.S. interest rates might have to be raised higher than expected to cool inflation

Inflation hasn’t left the building, but it may be starting to look for the exit.

The Fed doesn’t appear to understand the ramifications of what they’re doing,” Sternlicht said.

Americans are fretting over an expected recession, but the economy is in many ways strong. Things are gloomier in the U.K.

Although inflation has shown some signs of cooling, rate hikes are expected to continue. The consecutive rate hikes could tip the U.S. economy into a recession. As consumer staples face a stable demand, Coca-Cola (KO), Constellation Brands (STZ), and Lifeway Foods (LWAY) could be solid buys for the long run…

The Federal Reserve may have to raise its benchmark interest rate much higher than many people expect to get inflation under control, said James Bullard, who leads the Federal Reserve Bank of St. Louis

Asian shares mostly declined amid concerns about the impact of China’s “zero-COVID” strategy mixed with hopes for economic activity and tourism returning to normal

Christopher Waller, a key Federal Reserve official, added his voice to a rising number of Fed officials who have suggested that the central bank will likely slow the pace of its interest rate hikes beginning in December

U.S. retail sales posted the biggest increase in eight months in October, indicating demand for goods is broadly holding up despite decades-high inflation and a worsening economic outlook.

Target reports weak earnings and gives dour outlook for the 2022 holiday sales season.