On Wednesday, investors will digest one of the most important data points that will shape future Federal Reserve interest rate policy: May’s Consumer Price Index (CPI). The inflation report, set for release at 8:30 a.m. ET, will come just ahead of the central bank’s policy decision at 2 p.m. ET. It’s expected to show headline […]
Tag: bumpy
Bumpy legislative session ends with hundreds of bills on Gov. Kevin Stitt’s desk
The second session of the 59th Oklahoma Legislature came to an end Thursday afternoon, just one day before it was required to do so by the Oklahoma Constitution. This year’s session was a bumpy ride. Heavy with Republican infighting and power struggles between the governor’s office and the Legislature, the 2024 legislative session became a […]
Toyota sees blockbuster Q4, but bumpy road ahead
STORY: Toyota enjoyed a blockbuster fourth-quarter, but sees a bumpy road ahead. On Wednesday, the Japanese automaker forecast a 20% profit decline in the current financial year. It cited looming investment in both its suppliers and strategy for the projected drop-off. Despite that, Wednesday’s results smashed market expectations. Operating profit surged 78% in the January-March […]
Schwab Customers Ran To Nvidia Stock, These Others Amid Bumpy April Market Meltdown
April was a poor month for stocks. Despite encouraging company earnings, investors took a breather and indexes fell after five months of solid gains. The Nasdaq lost 4.4% for the month while the S&P 500 fell 4.2%. The Dow Jones Industrial Average lost 5%, according to IBD MarketSurge. X Much of the indexes’ poor performance […]
Bumpy road to standards-based grading for Santa Fe Public Schools
Apr. 13—Alette HahnHansen repeats a short phrase to keep herself motivated: “Oscar, doctor, president.” The 17-year-old, a junior at Santa Fe High School, hopes to win an Oscar, earn a doctorate and become president of the United States. HahnHansen said she’s already working toward her goals. Her schedule is packed with Advanced Placement and dual […]
Powell still expects Fed to lower rates this year as inflation follows a ‘bumpy’ path down to 2%
Federal Reserve Chair Jay Powell doubled down Wednesday on his belief that inflation was on a “bumpy” path down to 2% and that central bank officials expect to lower rates at “some point” this year. Powell also once again asserted that the Fed would maintain its independence during this red-hot election year, noting that its […]
The Fed’s ‘bumpy’ inflation picture could get bumpier this week
Hotter-than-expected inflation readings have some Fed officials describing the path down to their 2% inflation target as “bumpy.” New data due out Thursday morning will determine whether that picture is about to get bumpier. Economists expect the Fed’s preferred inflation measure — the “core” Personal Consumption Expenditures (PCE) index that excludes volatile food and energy […]
The Federal Reserve Just Tightened — Stealthily. The S&P 500 Faces A Bumpy Road.
The Federal Reserve essentially tightened monetary policy last week, though it took a few days for markets to realize it. Despite the initial S&P 500 sell-off after Chairman Jerome Powell cast doubt on a March rate cut, markets at first interpreted his comment as a delay, not a detour to much lower rates. X The […]
McDonald’s has bumpy end to strong year after Middle East boycotts hurt sales
A banner year came to a bumpy end for McDonald’s, which lost sales in many markets due to the war in Gaza. Global same-store sales – or sales at restaurants open at least a year – rose 3.4 per cent in the final quarter of the year, well below the 4.7 per cent increase Wall […]
From traffic tie-ups to late trains, 2023 was a bumpy road for drivers. Take a look ahead.
FALL RIVER — This past year has been a rough one for drivers in Fall River. A major thoroughfare along the city’s waterfront vanished from use this year, causing confusing detours and ever-changing traffic patterns likely to last for a couple more years. An infusion of millions in American Rescue Plan Act money has made […]