Category Archives: United States

Dow snaps 12-day winning streak ahead of Trump’s speech to Congress

U.S. stocks closed lower Tuesday as investors eagerly awaited a speech from President Donald Trump while parsing through key economic data. “It’s just a wait and see approach at this point,” said Tom Cassidy, chief investment officer at Univest Wealth

Dallas Fed’s Kaplan: We should be in the process of removing accommodation

Dallas Fed President Robert Kaplan believes it’s time for the central bank to pull back on its aggressive easing policies. In a CNBC interview, Kaplan said the Fed should move “sooner rather than later,” a phrase he has been using

Trump’s first budget proposal will call for $54 billion increase in defense spending

President Donald Trump‘s first budget will call for a $54 billion increase in defense spending and a corresponding cut in what his administration deems lower priority programs, White House budget officials told reporters Monday. The defense buildup that Trump repeatedly

Dow notches 12th straight record close as Wall Street braces for Trump speech

U.S. equities closed slightly higher on Monday as Wall Street looked ahead to a key speech from President Donald Trump. “For the speech tomorrow night, people are looking to maybe hear more details” about policies, said Randy Warren, chief investment

Claims for Jobless Benefits in U.S. Point to Firm Job Market

The number of Americans filing for unemployment benefits increased last week, while staying within a range that shows subdued firings. Jobless claims rose by 6,000 to 244,000 in the week ended Feb. 18, a report from the Labor Department showed

US Treasurys edge higher after Fed minutes and 5-year note sale

U.S. government debt prices edged higher on Wednesday as investors focused on the latest minutes from the Federal Reserve. The central bank’s Federal Open Market Committee discussed how Donald’s Trump policies, which favor reduced taxes and regulations, would lead to

How the Fed’s Rate Hikes Might Play Out

By Tim Duy The U.S. economy is poised to deliver on the Federal Reserve’s economic forecast for this year. That means a baseline outlook for three interest-rate increases remains in play — though not the way market may be anticipating. Think

Fed’s Mester Says She’s ‘Comfortable’ With Rates Moving Higher

Federal Reserve Bank of Cleveland President Loretta Mester said she would be “comfortable” with the central bank raising interest rates now as inflation pressures pick up. While the Fed isn’t “behind the curve” on interest rates yet, delaying policy tightening

S&P and Nasdaq snap 7-day winning streak as stocks pull back from records

U.S. equities closed mostly lower Thursday, taking a breather from a record-setting run, while energy dropped 1 percent. “It’s certainly a market that has confidence. The problem with that is, when confidence gets that high, it’s harder to push the

Stocks post record close for fifth-straight day as Trump continues to tout economic agenda

U.S. stocks closed at fresh highs Wednesday for a fifth-straight day as traders continued to bet on a pro-growth agenda under President Donald Trump. “The market reacts positively when we think we’re getting close to” a policy announcement, said Art