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Conference Board’s expectation index flashes recession as government shutdown complicates data

Wall Street is largely convinced that the American economy will avoid a recession, with stocks climbing higher week-after-week thanks to this optimism. Yet consumers on the ground are looking increasingly shaky, pushing confidence barometers into unhealthy territory.  A few times this year recession indicators have flashed a warning. The yield curve inverted and then promptly … Read more

Crypto market bullish as Fed rate cut expectation doubles

The crypto market is trading with renewed optimism as investors bet on deeper monetary easing from the U.S. Federal Reserve this month.  A Sept. 8 report from Reuters said Standard Chartered now expects the Fed to cut interest rates by 50 basis points at its September policy meeting, double its earlier forecast of 25 bps. … Read more

Dow, Nasdaq up 0.24%, S&P gains 0.38% on rate cut expectation

U.S. stocks gained on Thursday as investors weighed soft inflation data and growing expectations of a Federal Reserve rate cut, with strong tech earnings helping offset trade uncertainty and sector-specific losses. The S&P 500 rose 0.38% to close at 6,045.26, led by a rally in large-cap tech stocks. The benchmark index now sits less than … Read more

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