Pay close attention to how labor market dynamics unfold over the next three months.
For skeptics who have yet to take the Federal Reserve at its word, its response to recent inflation data should be another indicator...
We have strong conviction that the U.S. and global economic expansion will continue at an above trend pace this year, and that growth will persist into 2022.
U.S. stocks closed lower on Friday to cap off an overall softer, holiday-shortened week, as a growing mass of worries, notably the Delta variant, among others began to take its toll.
U.S. stocks delivered mixed results in a range-bound week of pre-holiday trading. Markets ticked down on Friday after a weaker than expected jobs report.
The major U.S. stock indexes posted solid weekly gains, with the S&P 500 and Nasdaq setting fresh closing highs on Friday
The major U.S. stock indexes posted solid weekly gains, with the S&P 500 and Nasdaq setting fresh closing highs on Friday. The small-cap Russell 2000 had its best week since March. Market in Asia and Europe also advanced.
Stock markets around the world retreated during a week of volatile trading. Risk-off sentiment was stoked by a slew of worries including resurgent Covid-19 infections, slowing economic growth and Federal Reserve tapering plans.
Worried about inflation? Pay close attention to how labor market dynamics unfold over the next three months.
U.S. markets were mixed: the Dow and the S&P 500 advanced but the Nasdaq retreated. Trading was range-bound as investors weighed the Delta variant surge and weakening consumer sentiment against signs of easing inflation and new fiscal stimulus.
After a slow start to the week, global stocks regrouped for gains. Strong job gains for July eased concerns about a slowing economy as investors set aside worries about the coronavirus Delta variant.