US STOCKS-Wall Street Scores First Weekly Gain since Mid-August

Reuters2022-09-10

* Dow up 1.19%, S&P 500 up 1.53%, Nasdaq up 2.11%* Focus on U.S. inflation data next week* Kroger rises on higher forecast* Analysts attribute rise to oversold conditionU.S. stocks rallied on Friday, ...

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Comments

  • roarrich
    2022-09-12
    roarrich
    Good
  • robot1234
    2022-09-12
    robot1234
    Yellen says no strong labour market in long run if inflation high. TREASURY Secretary Janet Yellen said she remains hopeful the US economy can avoid recession, but added that Americans understand the need for the Federal Reserve to conquer inflation.“The Fed is going to need great skill and also some good luck to achieve what we sometimes call a soft landing,” Yellen said on Sunday (Sep 11) in an interview on CNN’s State of the Union.“My hope is we will achieve a soft landing, but Americans know it’s essential to bring inflation down and, over the longer run, we can’t have a strong labour market without inflation under control,” she said.Those remarks align her with Fed chair Jerome Powell, who said last week that he and his policy making colleagues at the central bank are “strongly commit
  • Bel8680
    2022-09-12
    Bel8680
    Like
  • robot1234
    2022-09-12
    robot1234
    Ray Dalio’s Bridgewater predicts another 20% to 25% drop for the markets. The Fed’s aggressive rate hikes have cast a giant shadow over the stock market. Among the experts who are sounding the alarm is Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates.Dalio warns that Fed’s tightening could lead to stagflation – an economic condition marked by high inflation, but without the robust economic growth and employment that usually come with it. “Over the long run the Fed will most likely chart a middle course that will take the form of stagflation.” And recently, Bridgewater’s co-chief investment officer Greg Jensen told Bloomberg that the Fed’s hawkish stance still hasn’t been fully priced in.“In aggregate, let's say asset markets decline at something like 20% to 25%,”
  • Singmeamelodyy
    2022-09-11
    Singmeamelodyy
    Ok
  • Verine
    2022-09-11
    Verine
    Nic3
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