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2 mins read
Stock market today: US stocks close mixed as investors await this week's Fed testimony
Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, offering clues as …
Filip De Mott
2 mins read
High rents could be making the labor shortage worse, the Philadelphia Fed President says: 'Many workers can't afford to live where jobs are'
States like California, Illinois, and New York are home to expensive cities, and also have more job…
Dominick Reuter
2 mins read
CHART OF THE DAY: A sign the Fed's rate hikes are finally over
"If financial conditions, which have tightened considerably in the past 90 days, remain tight, the …
Matthew Fox
2 mins read
Attractiveness of gold depends on US Fed's moves, say analysts
The weakness in the US dollar and the likelihood of the US Federal Reserve hitting the pause button…
2 mins read
The Fed will slash rates 6 times this year as recession spreads across the US and the job market deteriorates, market veteran says
"When things fall apart, they fall apart fast," according to one Wall Street veteran who sees a rec…
Jennifer Sor
2 mins read
Taylor Swift's effect on the economy has caught the eye of the Fed
"The totality of Taylor Swifts' U.S. tour could generate $4.6 billion in total consumer spending, l…
Matthew Fox
2 mins read
Jerome Powell fielded a question about 'Barbie' and Taylor Swift in a snooze of a Fed meeting
The central bank chair responded by highlighting rising consumer confidence, which he said could bo…
George Glover
3 mins read
The Fed is about to make its next move. Here are 8 quotes from Jerome Powell and other central bankers that point to what comes next.
Central bankers have shared mixed views on how monetary policy could change as officials mull the p…
Phil Rosen
2 mins read
'Chronically struggling' student-loan borrowers need more than a payment pause that postpones 'a day of reckoning,' a Philly Fed survey says
The Philadelphia Fed found that pausing student-loan payments isn't much help to struggling borrowe…
Ayelet Sheffey
3 mins read
Americans are still getting larger-than-usual raises, but the wage rallies are starting to slow in some cities
In San Francisco, New York, and Chicago, above-average raises seem to be sticking around. Yet Phila…
Ben Winck
4 mins read
'RM Palmer is devastated': Death toll rises to seven in Pa. chocolate factory explosion as feds open investigation into cause
A Friday explosion at the R.M. Palmer factory in Reading, Pennsylvania killed seven people, and hos…
Aaron McDade
2 mins read
US stocks slump as Fed officials see more rate hikes in the pipeline to tame inflation
Alongside Fed speakers, investors assessed mixed quarterly results from retailers Macy's and Kohl's.
Carla Mozée
3 mins read
Cheryl Teh,Mara Leighton
3 mins read
US stocks fall as comments from Fed officials dash hopes for a pivot on rate hikes
Recession concerns were on display in Treasury yields with the one-year yield and the 10-year yield…
Carla Mozée
3 mins read
The US has fallen into recession every time a Philadelphia baseball team has won the World Series dating back almost a century
"We do not suggest ever investing based on who wins the World Series, but it sure is interesting," …
Matthew Fox
3 mins read
Fed officials are divided over whether the economy needs more rate cuts
"If a central bank cuts rates to zero in response to a downturn and then announces that it plans to…
Gina Heeb
1 min read
PHILLY FED PLUMMETS
The current employment index fell 14 points from its reading in October (which was at a two-year hi…
Rob Wile
1 min read
HERE COMES PHILLY FED MANUFACTURING...
Economists predict the headline index fell to 15.0 in October from September's 22.3 reading, indica…
Matthew Boesler
1 min read
CHART OF THE DAY: Manufacturers Haven't Been This Optimistic In Over A Decade
Slightly over 63 percent of firms expect increases in activity over the next six months; only 2 per…
Matthew Boesler
1 min read
HERE COMES PHILLY FED MANUFACTURING...
Economists predict the headline index from the survey advanced to 10.3 this month from 9.3 last mon…