Treasury yields leap after much hotter jobs report than expected

U.S. Treasury yields rose Friday after jobs data came in much better than expected. The 10-year Treasury yield was up more than 12 basis points at 3.526%. The 2-year Treasury was up roughly 20 basis points to 4.299%. Yields and prices move in opposite directions and one basis point equals 0.01%. Nonfarm payrolls increased by … Read more

View More Treasury yields leap after much hotter jobs report than expected

These stocks have been hit the hardest by Fed rate hikes — now they could rally if there’s a pause

Some stocks have been bigger casualties than others of the Federal Reserve’s campaign to lift interest rates — and what the central bank says at the conclusion of this week’s two-day policy meeting on Wednesday could mean the difference between a rally and a further rout for those companies. The Fed kicked off its meeting … Read more

View More These stocks have been hit the hardest by Fed rate hikes — now they could rally if there’s a pause

Key Fed inflation measure eased in December while consumer spending also declined

Egg shelves are seen with a note apologizing to customers for the price increase after the reduction in productivity brought on by poultry fatalities caused by various illnesses, in San Mateo, California, United States on January 23, 2023. Tayfun Coskun | Anadolu Agency | Getty Images Consumers spent less in December even as an inflation … Read more

View More Key Fed inflation measure eased in December while consumer spending also declined

‘Outright negative’ on stocks: JPMorgan’s Marko Kolanovic braces for correction, hard landing

JPMorgan’s Marko Kolanovic is abstaining from the early 2023 rally. Instead, the Institutional Investor hall-of-famer is bracing for a 10% or more correction in the first half of this year, telling investors he’s “outright negative” on the market. “Fundamentals are deteriorating. And, the market has been moving up. So, that has to clash at some … Read more

View More ‘Outright negative’ on stocks: JPMorgan’s Marko Kolanovic braces for correction, hard landing

Fed Governor Waller backs quarter-point interest rate hike at next meeting

Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, listens during a Senate Banking Committee confirmation hearing in Washington, D.C., on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller said Friday he favors a quarter percentage point interest rate increase at the next … Read more

View More Fed Governor Waller backs quarter-point interest rate hike at next meeting

Social Security cost-of-living adjustments have fallen short of inflation by $1,054 since the start of pandemic

Hobo_018 | E+ | Getty Images New government inflation data shows the measurement used to calculate Social Security annual cost-of-living adjustments was up 6.3% for the past 12 months as of December. That’s as this year’s 8.7% COLA kicks in for more than 65 million Social Security beneficiaries this month. That new data indicates Social … Read more

View More Social Security cost-of-living adjustments have fallen short of inflation by $1,054 since the start of pandemic

Time for the Fed to declare victory on inflation? Not yet

A man pumps gas at a gas station in the Brooklyn borough of New York, the United States, Dec. 13, 2022. Michael Nagle | Xinhua News Agency | Getty Images December’s monthly decline in the consumer price index gets the Federal Reserve a step closer to beating inflation, though they’re highly unlikely to signal an … Read more

View More Time for the Fed to declare victory on inflation? Not yet