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NASDAQ Composite: 6146.6226 (-100.5269 - -1.6092%)
6/27/2017, 5:15pm
S&P 500: 2419.38 (-19.69 - -0.81%)
6/27/2017, 4:48pm
RUSSELL 2000 INDEX: 1403.521973 (-13.117554 - -0.925963%)
6/27/2017, 4:30pm
FTSE 100: 7434.36 (-12.44 - -0.17%)
6/27/2017, 4:35pm
DAX: 12671.02 (-99.81 - -0.78%)
6/27/2017, 5:44pm
CAC 40: 5258.58 (-37.17 - -0.70%)
6/27/2017, 6:05pm
Nikkei 225: 20222.72 (-2.37 - -0.01%)
6/28/2017, 10:23am
HANG SENG INDEX: 25839.99 (-31.90 - -0.12%)
6/28/2017, 9:28am
  • Asia stocks pressured as Wall St. hit by healthcare vote delay
    TOKYO (Reuters) - Asian shares slumped on Wednesday after Wall Street was knocked hard in the wake of a delay to a U.S. healthcare reform vote, while the euro rallied after European Central Bank President Mario Draghi hinted that the ECB could trim its stimulus this year.
  • 'What's the rush' on interest rate hikes, asks Fed's Kashkari
    (Reuters) - With inflation low and wages showing little sign of an upward surge, the U.S. Federal Reserve should not be raising interest rates, Minneapolis Fed President Neel Kashkari said on Tuesday.
  • Madoff settlements reach $12 billion with new accords
    NEW YORK (Reuters) - The trustee recouping money for Bernard Madoff's victims on Tuesday announced nearly $371 million of new settlements with two groups of offshore funds that invested with the imprisoned Ponzi schemer, boosting the total recovery to about $12 billion.

Economic Growth ContinuesDonEdwards web

The stock market stormed out of the gate during the first two months of 2017 as hopes regarding fewer business regulations and increased consumer confidence fueled investor’s optimism for equities. The bond market was flat during the first quarter as increased inflation expectations and higher interest rates were a drag on bond prices.

The Federal Reserve raised interest rates during the first quarter for the first of what is expected to be multiple rate increases during this year. The economy continued the expansion that has been underway since 2009, allowing the Fed the ability to hike rates. Most analysts are projecting a pickup in inflation over the next two years and this is the primary catalyst for increasing interest rates. Another factor is the very low unemployment rate, which can be inflationary with a growing economy. As we have said before, the Fed has the very difficult job of keeping the economy growing but preventing it from growing so fast we have high inflation. This can be a difficult job to manage.

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