Economy

Recent

Policymakers who are waiting for more evidence of easing price pressures before they cut interest rates may find themselves waiting a bit longer.

With earnings season around two-thirds done, Corporate America is solidly beating expectations. Wall Street is ratcheting up its profit forecasts.

For the week, the S&P gained 1.4%. The index is now up 5.4% year to date and up 40.5% from its October 12, 2022 closing low of 3,577.03.

China intervenes as stock rout reaches US$5 trillion amid 'uber-weak' confidence, regulator heightens scrutiny reminiscent of 2015 crash.

Increasingly likely 'Goldilocks' economic scenario presents promising outlook, potentially propelling an already buoyant stock market to new heights.

Jay Powell of Federal Reserve has called for patience from public as Fed deliberates on optimal timing for initiating reductions in interest rates.

Financial markets are currently wagering that the Federal Reserve may err in its forthcoming monetary policy adjustments, per insights from BofA.