Daily Brief: Nasdaq Hits a Record as Markets Shrug Off the Fed’s First Hike in Three Years
Six days after the Fed's first rate hike since 2023, the Nasdaq closed at a record high. AI stocks carry the load — but the rally's foundation is narrow.
Daily Brief: Markets Shake Off Fed Hike as Oil Retreats; Data-Heavy Week Awaits
Markets opened higher Monday as oil's four-day slide eased post-Fed inflation fears. Flash PMIs, jobless claims, durable goods, and consumer sentiment...
Daily Brief: Factory Output Snaps Seven-Month Streak as Fed’s First Hike Since 2023 Lands
Industrial production flatlined at 0.0% in August, missing the 0.3% consensus, as manufacturing snapped a seven-month winning streak — two days after...
Daily Brief: Consumers Shrug Off Rate Fears — Retail Sales Surge 1.2% as Fed Prepares First Hike Since 2023
Retail sales surged 1.2% in August — the biggest jump in five months — just hours before the Fed is expected to deliver its first rate hike since 2023.
Daily Brief: New York Factories Hit the Brakes — But Prices Are Still Running Hot as the Fed Convenes
The Empire State Manufacturing Index cratered 13 points to 7.6 as the FOMC opened its two-day meeting with an 88% chance of a rate hike. Manufacturing...
Daily Brief: The Calm Before the FOMC Storm
Markets hold steady on a quiet Monday with zero data on the calendar. But the Fed's two-day meeting starting Tuesday could deliver the first rate hike...
Daily Brief: Core CPI Surprise Gives Fed Hawks More Ammunition
August CPI held at 3.4% but core rose 0.3% against 0.2% expected — a surprise that pushes rate-hike odds higher. Michigan sentiment forecast at 51.0.
Daily Brief: Markets Rest on Labor Day — But the Week Ahead Decides the Fed’s Next Move
U.S. markets are closed for Labor Day, but this week delivers the final inflation data before the Fed's September meeting. PPI Thursday, CPI Friday —...
Daily Brief: Jobs Smash Forecasts — Payrolls Surge by 162K in August
August payrolls surged by 162,000 — triple the consensus — as upward revisions erased July's losses. The labor market isn't cracking. Next week's CPI...
Daily Brief: Chicago PMI Collapses to 47.1 as Consumer Sentiment Confirms Its Slump
Chicago PMI plunged to 47.1 and consumer sentiment confirmed its slump at 51.7, but year-ahead inflation expectations eased to 4.0% — a mixed hand on...