The Fed has won its ‘war’ against inflation, says JPMorgan analyst. And now it needs to stop hiking interest rates.
“‘This is a war that [the Federal Reserve has] won, and now they are in danger of tipping the economy into recession and making the fiscal problem worse, so I wish they would be done.’” — David Kelly, JPMorgan Chase & Co. A top global markets strategist for JPMorgan Chase & Co.’s asset-management business said […]
Tesla is a ‘soft-landing’ stock, says Goldman Sachs. Here are its picks for a gentle slide as well as a rough landing.
Pour one out for the beleaguered economists, who for once got an important indicator, the consumer price index, right on the nose, after CPI fell 0.1% in December, while core prices rose 0.3%. “The 2021 surge in durable goods demand normalized, and the resulting collapse in durable goods price inflation was stunningly fast,” says Paul […]
The housing market is showing signs of ‘normalizing’ and IRS says ‘Tax Day’ will be different this year — put these important tax dates on your calendar
Hi, MarketWatchers. Don’t miss these top stories.IRS says ‘Tax Day’ will be different this year — put these important tax dates on your calendar Two thirds of households received income-tax refunds last year, IRS statistics show. Read More U.S. mortgage rates slip, giving some relief to homebuyers The 30-year mortgage rate is averaging at 6.33%, […]
Treasury yields slip after World Bank warning adds to global growth concerns and traders eye inflation data
U.S. bond yields fell on Wednesday as concerns about global economic growth lingered and traders looked ahead to U.S. inflation data, while an auction of 10-year notes met strong demand.What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.224% slipped 0.8 basis point to 4.249%. Yields and debt prices move opposite each other. The yield […]
The ‘best job in America’ pays over $120,000 a year — and offers a low-stress, healthy work-life balance
We’ve had the great resignation, quiet quitting, resistance to going back to the office — and now? It turns out people are looking for happiness, stability, flexibility and a good salary.In 2023, in the wake of the worst days of the pandemic, most U.S. job switchers and others seeking employment want to land a job […]
Treasury yields pull back to mid-December levels
Treasury yields fell across the board Monday, with the 10-year rate declining to its lowest yield in about three weeks, as investors monitored China’s reopening and awaited remarks this week by Federal Reserve Chair Jerome Powell and a round of U.S. inflation data.Price action The yield on the 2-year Treasury note TMUBMUSD02Y, 4.220% fell 6.3 […]
Workers in California and Washington State will get more pay transparency
Do you know how much your job is worth? Millions of Americans are finally getting the answer. On Jan. 1, California and Washington state began requiring employers to include pay ranges with their job listings. The two states follow New York City and Colorado in implementing pay-transparency measures. As of Dec. 4, just 44% of […]
‘Concessions have made a comeback’: In a cooling housing market, sellers pull out all the stops to lure buyers
Some home sellers are finally accepting the writing on the wall, and offering concessions to home buyers as demand remains weak in the housing market. According to a new report from Redfin RDFN, +4.39%, approximately 42% of homes sold in the fourth quarter of 2022 came with concessions. In contrast, over the same period in […]
Why gold prices may be headed for record highs this year
Gold recently climbed to its highest prices in nearly seven months, feeding expectations that the precious metal is on track to notch record highs this year, after closing out 2022 with a modest loss.Gold “noticeably” appreciated by about $200 an ounce from November to the end of last year, and continued that trend in the […]
German factory orders fell in November to lowest level since July 2020
New orders at German factories declined sharply in November to their lowest level in more than two years, a sign of weakening demand for the country’s key manufacturing sector as the economy cools. Factory orders fell 5.3% on month in November, swinging from a 0.6% rise in October, according to price-adjusted data from the German […]