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Wall Street fell into a "bear market" on Monday as inflation worries inflicted broad damage across the S&P 500. Consider these facts about the selloff: The S&P 500 closed at 3750. That's 22 percent below its January high of 4819, crossing the 20 percent line...
Inflation has been a major worry for investors this year, but there could be signs of the crisis easing. Recent weeks have brought several glimmers of hope for a country facing its sharpest price spiral in 40 years. Continued improvement could prompt the Federal...
Retailers are having a bearish week as inflation hammers major chains like Walmart and Target. The pain began on Tuesday when WMT reported sales growth of 2.4 percent, but a 23 percent drop in operating income. TGT followed by announcing that revenue increased by 4...
Jerome Powell just opened the door to faster rates hikes as the Federal Reserve looks to "aggressively" fight spiraling prices. "If we conclude that it is appropriate to move more aggressively by raising the federal funds rate by more than 25 basis points at a meeting...
The Federal Reserve begins a key meeting today as war and coronavirus create an increasingly complicated economic environment. Markets widely expect the Fed to raise its target interest rate by 25 basis points at 2 p.m. ET tomorrow. It would be not only the first...
It's been almost exactly two years since the coronavirus pandemic hammered the global economy. And now things may be finally returning to normal -- just in time for some big events in coming days. Consider some of these reports last week: The Commerce Department...
Stocks are tumbling as the Federal Reserve's tighter monetary policy forces investors to rethink the entire stock market. The S&P 500 is down 9.2 percent in January, its worst month since coronavirus shuttered the economy in March 2020. High-multiple growth stocks...
First they announced tapering. Then they accelerated the taper. Now the Federal Reserve wants to take the next step by shrinking its massive balance sheet. "A significant amount of balance sheet shrinkage could be appropriate," policymakers warned yesterday. They...
The Federal Reserve deployed historic supports to the economy during the coronavirus pandemic. This week it took major steps toward removing the stimulus by tapering asset purchases more quickly. Policymakers also moved forward interest-rate increases, signaling three...