Category Finance

The WSJ’s Nick Timiraos is out with a tweet that references his earlier Fed preview. There is no leak here. “The Fed faces a finely balanced set of considerations over whether to cut by 25 or 50 basis points at its meeting that begins today,” he writes. The…

The major US indices are trading higher at the start of the trading day. Retail sales were better than expectations. That might mean the Fed might lean toward a 25 basis points but it also means that the economy is not as bad as hoped. The Dow industrial…

Sector Overview The US stock market is seeing significant gains today, with a notable emphasis on the technology sector. Microsoft (MSFT) is up by 1.74%, while Amazon (AMZN) shows the most remarkable increase in consumer cyclicals, soaring by 1.32%. Nvidia (NVDA) adds to the momentum with a rise…

Prior was 39Current sales 45 vs 44 priorProspective sales 27 vs 25 prior This is a sign that lower rates are starting to have some effect. This article was written by Adam Button at www.forexlive.com.

Prior 0.3%Business inventories 0.4% vs 0.3% expectedRetail inventories ex-autos 0.5% vs 0.2% last month Sales: July distributive trade sales and manufacturers’ shipments: $1,880.7 billionIncrease from June 2024: 1.1%Increase from July 2023: 2.9% Inventories: July manufacturers’ and trade inventories: $2,574.9 billionIncrease from June 2024: 0.4%Increase from July 2023: 2.5%…

Today’s Canadian CPI report highlights how far the Bank of Canada has fallen behind the curve. Virtually the lone sources of inflation are mortgage interest and shelter, which is due to laggy rent calculations. Overall inflation is at 2.0%, hitting the target for the first time since 2021…

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As the North American session begins, the AUD is the strongest and the CAD is the weakest. Having said that, the top to bottom ranking is scrunched together with little separating the winners and losers. The market is awaiting key data is my guess. Today, the FOMC meeting…