Goldman Sachs still expects stubbornly high U.S. inflation to ease over the coming months, despite yet another print showing that consumer prices remain sticky.
Investors were bracing for a wholesale inflation print, after a surprise uptick in CPI shook markets and undermined bets on interest-rate cuts.
Good morning. Oil stabilizes following the flareup in Middle East tensions,
Goldman Sachs CEO David Solomon has taken his lumps in the past year, but hope is building for a turnaround.
The soft landing is still on because spikes in inflation were a blip and the job market isn’t seeing many layoffs, Goldman’s chief economist says.
European stock markets rebound after the new data on inflation and the words of Lagarde who confirmed her intention to "moderate the restrictive monetary policy". Banks are running in Piazza Affari, luxury is doing well after LVMH accounts
Investors may be comforted by diplomatic efforts to de-escalate tensions.
Equities retreated after inflation data called the Fed's rate-cut plans into question.
Equities rallied on easing geopolitical tensions, upcoming quarterly results.
The main indexes temporarily tumbled after Fed Chair Powell said interest rates could stay higher for longer.
Strength in several mega-cap tech and communication services stocks kept the main indexes higher Thursday.
US stocks searched for direction on Tuesday as the Dow looked to snap a