
An inflation-fighting Federal Reserve could be good news for the US dollar.
Apple also plans to raise product prices in response to increasing memory and storage chip costs.
‘Despite a strong payroll report in May, this is still a low-hire, low-fire market,’ Indeed Hiring Lab economists said.
Kevin Warsh ‘is going to force market participants to reprice both rates and how they read the Fed entirely,’ one market strategist said.
The Fed attributes inflation running above its 2 percent target to supply-side shocks.
Restoring production in the Persian Gulf could take time after the war with Iran ends.
The monetary authorities also expect shrinking U.S. dollar holdings over the next few years.
Consumers are opening their wallets for more than just trips to the gas station.
The broader cryptocurrency market is struggling despite U.S. stocks at record highs.
Total capex among AI hyperscalers will top $1 trillion this year.