Retiring with a sizeable retirement fund is something you are looking forward to in the future. Until you retire, you naturally watch your money to ensure it continues to grow. You want to know it is safe, because it is not always guaranteed. Oftentimes, your retirement money is in a 410(k), but even this investment…
How to Protect Your 401(K) From a Stock Market Recession
Dollar Heading for 1st Monthly Gain Since September
SINGAPORE/LONDON—The U.S. dollar steadied on Tuesday, having lost ground a day earlier, climbing particularly against the Japanese yen, and on track for its first monthly gain since September. The greenback’s rally gathered momentum in recent weeks as upbeat economic data led to mounting expectations that the U.S. Federal Reserve will have to raise interest rates…
US Pending Home Sales Post Largest Gain in 2–1/2 Years in January
WASHINGTON—Contracts to buy U.S. previously owned homes rose by the most in more than 2–1/2 years in January, but a resurgence in mortgage rates could delay a much-awaited housing market turnaround. The National Association of Realtors (NAR) said on Monday its Pending Home Sales Index, based on signed contracts, jumped 8.1 percent last month, the…
Oil Rises on China Growth Optimism
LONDON—Oil prices rose on Tuesday, erasing the previous session’s losses, as Optimism for a solid economic rebound in China offset worries about further U.S. interest rate hikes dragging on consumption in the world’s biggest economy. Brent crude futures for April, due to expire on Tuesday, were up by 87 cents, or 1.1 percent, to $83.32…
Shares Slip, Bond Yields Hit Multi-Year Highs on Inflation Fears
LONDON—Global equities slipped and bond yields hit multi-year highs on Tuesday after consumer prices hit a record in France and accelerated in Spain, adding to expectations that major central banks will need to continue tightening policy. France’s European Union-harmonised consumer prices rose to a record 7.2 percent in February while Spain’s EU-harmonised 12-month inflation was…
Deutsche Bank Forecasts US Recession in Fourth Quarter, Followed by Rate Cut
The U.S. economy will slip into a recession in the fourth quarter, and the Federal Reserve will respond with a rate cut in the following quarter, Deutsche Bank said in a new forecast. The bank updated key economic projections in a research note last week after several developments on multiple fronts. According to Deutsche Bank,…
Deutsche Bank Forecasts US Recession in 4th Quarter, Followed by Rate Cut
The U.S. economy will slip into a recession in the fourth quarter of 2023, and the Federal Reserve will respond with a rate cut in the following quarter, Deutsche Bank said in a new forecast. The bank updated key economic projections in a research note last week after several developments on multiple fronts. According to…
US Core Capital Goods Orders Post Largest Gain in 5 Months; Shipments Surge
WASHINGTON—New orders for key U.S.–manufactured capital goods increased by the most in five months in January while shipments of those so-called core goods rebounded, suggesting that business spending on equipment picked up at the start of the first quarter. Some of the larger-than-expected rise in core capital goods orders reported by the Commerce Department on…
The Clock Is Ticking
Commentary Recession indicators are becoming more insistent. Yet, the Federal Reserve remains focused on its inflation fight. As noted in “No Landing Scenario,” the Fed maintains a “hawkish” bias despite the markets not listening. As such: • “I wouldn’t rule out supporting a 50 basis-point March hike,” said James Bullard, president of the Federal Reserve…
Wall Street Opens Higher After Worst Weekly Selloff of 2023
Wall Street’s main indexes opened higher on Monday as investors bought beaten-down shares after the main benchmarks suffered their worst weekly selloff of the year on worries of aggressive interest-rate hikes. The Dow Jones Industrial Average rose 89.24 points, or 0.27 percent, at the open to 32,906.16. The S&P 500 opened higher by 22.32 points,…
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