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Search resuls for: "Michigan Consumer"


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☆ Wall Street dodged a rail strike crisis, but there's trouble ahead
  + stars: | 2022-09-16 | by ( Nicole Goodkind | Cnn Business | ) edition.cnn.com   time to read: +7 min
The company is seen as a bellwether for the economy since has insight into shipments across a wide range of industries. Persistent inflation, fears of recession and slowing economic growth have rattled markets across the globe. Now as major central banks institute aggressive rounds of monetary policy tightening to battle inflation, investors fear that they may go too far. S&P 500 INX About half of allcompanies mentioned "recession" during second quarter earnings calls, the highest number since 2010. That's the largest drop for a quarter since the second quarter of 2020 (when Covid-19 sent the United States into recession).
☆ Premarket trading: It's getting late in the game. Will the Fed risk a Hail Mary?
  + stars: | 2022-09-15 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
Markets plummeted as the report stoked fears that the central bank and Chair Jerome Powell would decide to hike rates more aggressively, inflicting serious economic pain. Investors are putting the odds of a three-quarter percentage point hike next week at 75%, according to CME FedWatch data. The odds for a full point hike are hovering around 25% in the wake of the inflation report, up from 0% one week ago. It meant that people understood the seriousness of the Fed’s commitment to getting inflation rates back down to 2%, he said. “I wouldn’t discount a 100 basis point rate hike,” Marvin Loh, senior strategist at State Street, told me.
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