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☆ Defeating inflation without high unemployment is still unlikely
▼ + stars: | 2023-09-24 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

And the US economy’s surprising resilience, despite 11 rate hikes, has raised hopes of a soft landing becoming a reality. “I’ve always thought that the soft landing was a plausible outcome, that there was a path to a soft landing,” he said. But historical records show that a soft landing has only occurred once in the 1990s, or perhaps even a handful of times. The US Commerce Department releases its final estimate of second-quarter gross domestic product. The US Commerce Department releases August data on household income, spending, and the Fed’s preferred inflation gauge.

Persons: it’s, Jerome Powell, Powell, “ I’ve, ”, “, Powell’s, ” “ Jerome Powell, ” Quincy Krosby, Krosby, ” Krosby, Matt Egan, ” Neil Bradley, “ We’ve, Read, Christine Lagarde, Michelle Bowman, Austan Goolsbee, Lisa Cook, John Williams Organizations: CNN Business, Bell, DC CNN, Fed, LPL, CNN, Corporate, US Chamber of Commerce, European Central Bank, Costco, Global, Board, Survey, US Commerce Department, Micron, Nike, US Labor Department, National Association of Realtors, Carnival Corp, University of Michigan, New York Fed, China’s National Bureau of Statistics Locations: Washington

☆ Russia back in investors' focus after weekend mutiny
▼ + stars: | 2023-06-25 | by ( ) www.reuters.com time to read: +3 min

Financial markets have often been volatile since Russia invaded Ukraine in February 2022, which caused ruptures in markets and through global finance as banks and investors rushed to unwind exposure. After Saturday's events, some investors said they were focused on the potential impact to safe-haven assets such as U.S. Treasuries and on commodities prices, as Russia is a major energy supplier. Goldberg said that despite the de-escalation, "investors may remain nervous about subsequent instability, and could remain cautious." “Markets typically do not respond well to events that are unfolding and are uncertain,” particularly relating to Putin and Russia, said Quincy Krosby, chief global strategist at LPL Financial. Year-to-date the S&P 500 (.SPX) is up 13%, although it has lost steam in recent days with interest rates in focus.

Persons: Yevgeny Prigozhin, Vladimir Putin, Wagner, Gennadiy Goldberg, Goldberg, Putin, Quincy Krosby, ” Krosby, Alastair Winter, Stocks, Jerome Powell, Rich Steinberg, Lananh Nguyen, Sinead Cruise, Megan Davies, David Gregorio Our Organizations: Financial, TD Securities, LPL, Global Investment, U.S, Federal, Colony Group, Thomson Locations: Russia, Russian, Moscow, Rostov, Ukraine, New York, Washington, Argyll Europe, Boca Raton , Florida

☆ Dow tumbles 700 points into bear market territory, sets new low
▼ + stars: | 2022-09-23 | by ( Samantha Subin | Samantha Subin Is A Digital News Associate With Cnbc. | ) www.nbcnews.com time to read: +2 min

The Dow Jones Industrial Average fell by 713 points, or 2.4%, falling below 30,000 to a new low for the year. The 30-stock index is now down 20% from its high, known as bear market territory on Wall Street. The S&P 500 fell 2.5% and headed of a new 2022 closing low, while the Nasdaq Composite slid about 2.5%. Goldman Sachs cut its year-end S&P 500 target because of rising rates, predicting at least 4% downside from here. The Dow has given up about 4.5% this week, while both the S&P and Nasdaq have fallen 5.2% and 5.5%, respectively.

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