September 9th, 2022 Wall Street managed to break its three-week losing streak as kids headed back to school and workers returned to cubicles following the Labor Day holiday. Stocks seesawed early in the abbreviated trading week as investors digested last week’s nonfarm payrolls report. The August jobs report showed that businesses added 315K new hires…
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August 26th, 2022 Markets sold off sharply on Friday as Fed Chairman Jerome Powell addressed central bankers, policymakers, and economists before the annual economic policy symposium in Jackson Hole. Powell didn’t parse swords to investors, warning of the pain to come for U.S. households and businesses resulting from the central bank’s plan to continue raising…
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August 19th, 2022 After a sizzling summer rally, stocks failed to sustain their momentum this week following the release of the Fed’s July meeting minutes on Wednesday. The minutes revealed a broad consensus among FOMC members on the need for additional rate hikes in 2022 (and potentially 2023), while investors had hoped for greater evidence…
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