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U.S. Stocks Close Near Session Lows to Kick Off Week
U.S. stocks closed near session lows on Friday. Friday's sell-off continued as investors price-in expected rising rates and tighter U.S. monetary policy from the Federal Reserve. The Dow Industrial Average dropped 0.57%, the S&P 500 fell...
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Stocks Close Off Session Lows as Rate Hike Concerns Linger
U.S. stocks closed off their session lows on Tuesday, as losses continue following comments from Fed chair Jerome Powell, which signaled the central bank will continue to make efforts to lower inflation with rate hikes. The S&P 500...
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Stocks Close Near Session Lows on Last Day of August
Stocks closed near session lows on Wednesday as investors continued to weigh potential moves by the Federal Reserve to cut inflation. For the month of August, the Dow finished down nearly 4.1 percent, while the S&P dropped 4.2 percent,...
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Stocks Close Higher Ahead of Fed's Jackson Hole Meeting
Stocks closed Wednesday's session higher, as investors prepare for comments from Federal Reserve Chairman, Jerome Powell, at the U.S. central bank's Jackson Hole Economic Symposium tomorrow. The Dow Jones Industrial Average jumped 0.2%,...
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Dow Posts Best Month Since 1976 but Economy May Be in 'Great Global Reset'
David Stryzewski, CEO of Sound Planning Group joined Cheddar News to discuss what drove gains and what to look out for ahead.
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U.S. Stocks Close Mixed Ahead of July Jobs Report
U.S. stocks closed mixed on Thursday as investors continued to monitor earnings reports from several notable companies and prepare for new jobs data set to be released on Friday. The S&P 500 closed down by 0.1%, the Dow Jones Industrial...
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Stocks Close Near Session Lows Amid Mixed Corporate Earnings
U.S. stocks closed Tuesday near session lows after mixed earnings results from several major companies. The S&P 500 shed 1.2%, the Dow fell 0.7%, and the tech-heavy Nasdaq dropped 1.9%. Nick Giacoumakis, President and Founder of NEIRG...
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Federal Reserve Raises Interest Rates by 75 Basis Points
The federal reserve announced that it will be raising interest rates by 75 basis points. Chairman Jerome Powell called the rate hike "essential" to bringing down surging inflation.
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U.S. Stocks Close Near Session Highs Following Fed Decision
U.S. stocks closed near session highs following the Federal Reserve's decision to raise interest rates by three-quarters of a percentage point. The move led to the S&P 500 jumping 2.6%, the Dow Jones Industrial Average 1.4%, and the the...
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U.S. Stocks Close Lower to Start August
U.S. stocks closed lower on the first trading day of August, after having their best month sin July since 2022. The S&P 500 dropped 0.28%, the Nasdaq fell 0.18%, and the Dow slipped 0.14%. Brian Vendig, president of MJP Wealth Advisors,...
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NerdWallet CEO on Impact Fed's Interest Rate Hike Could Have on Credit Card, Mortgage Rates
The Federal Reserve issued its biggest rate hike in more than 20 years Wednesday, raising rates by half a percentage point in an effort to flight inflation. The change is leaving many wondering about the impact it could have on rates for...
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How the Fed Interest Rate Hikes Will Impact Consumers
As the Federal Reserve kicks off a two-day meeting, analysts expect that a rate hike to help curb rising inflation will finally be announced. Greg McBride, the chief financial analyst at Bankrate, joined Cheddar News to explain what this...
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Economist Sees Six Rate Hikes in 2022 After High January PPI Number
Inflation remains hot as the January PPI has increased by 1 percent, twice what analysts had been expecting with a jump of 9.7 over the year. Beth Ann Bovino, the U.S. chief economist, for S&P Global Ratings, joined Cheddar News to...
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Investors Could Still Face 'Rockier' 2022 Following Release Fed Reserve Minutes
The Federal Reserve minutes from its January meeting are indicating it's sticking to an interest rate hike in March, but what does the report coupled with ongoing inflation mean for investors going forward? Scott Brown, a market...
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Biden Choice to Keep Jerome Powell at Fed Was 'Path of Least Resistance'
President Joe Biden named Jerome Powell, initially appointed by President Trump, to keep his seat as the chair of the Federal Reserve on Monday amid the ongoing challenges of the pandemic, inflation, and unemployment. David Beckworth, a...
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Biden taps Powell for second term as Federal Reserve chief
United States President Joe Biden tapped Federal Reserve Chairman Jerome Powell for a second, four-year term, and nominated Lael Brainard as vice chair.
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Fed Chair Powell Expected to Announces Bond Tapering and Interest Rate Hikes
The growing consensus across the U.S. is that the Federal Reserve and Chairman Jerome Powell are set to expedite the tapering timetable and hike interest rates as inflation accelerates. Michael Darda, chief economist and market...
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Consumer Sentiment Turns Negative but Recession May Not Be Inevitable
A month into Russia's invasion of Ukraine leading to rising gas prices and supply chain issues, the U.S. consumer is focusing on concerns over rising inflation. Jesse Wheeler, an economic analyst for Morning Consult, joined Cheddar News...
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EU and US central banks signal 'not just yet' to interest rate hikes
ECB President Christine Lagarde said an increase to policy rates next year is 'very unlikely'.
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Labor Market 'Flying Blind' Amid Unprecedented Worker Walkouts and Strikes
Workers across the U.S. are demanding higher compensation and better benefits amid the pandemic. Michael Darda, the chief economist and chief macro strategist at MKM Partners, joined Cheddar to discuss the rising number of strikes and...
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Markets Point Higher Following Federal Reserve Decision Not to Change Interest Rates
Steve Sosnick, the chief investment strategist at Interactive Brokers, joined Cheddar to discuss what Wednesday's Federal Reserve decision on interest rates and tapering asset purchases may mean for the markets going forward. "Markets, I...
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U.S. Economic Data Shows Major Growth in Q1 as Weekly Jobless Claims Tick Lower
Weekly first-time unemployment claims came in at 553,000 this morning, higher than expected, but lower than the prior week's revised number of 556,000. The initial reading on first quarter GDP also came in, showing the U.S. economy grew...
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What to Expect From the Fed’s Two-Day Policy Meeting
Michael Reinking, senior marketing strategist at the New York Stock Exchange, joined Cheddar’s “Opening Bell” to discuss the two-day Fed policy meeting. He talked about when it's expected to begin tapering its large asset purchases while...
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Montana Senator Jon Tester on Sarah Bloom Raskin, Inflation & Ukraine
Senator Jon Tester (D-Mont.) joined Cheddar News to talk about a range of topics including Sarah Bloom Raskin's recent withdrawal as a nominee to the Federal Reserve, the impact the Federal Reserve will have on inflation, and the ongoing...