Stuart Kaiser – Charm

Stock Traders No Longer Fear Inflation as Jobs Take Spotlight

Commuters exit a Wall Street subway station near the New York Stock Exchange. (Bloomberg) — Wall Street trading desks expect a hot inflation print when the consumer price index hits Thursday, but they aren’t preparing for a big reaction from stocks with jobs dominating the market narrative. Options traders are betting the S&P 500 Index…

Wall Street looks past ‘blah FOMC’ meeting as uncertainty keeps Powell on pause

Cs news6 months ago6 months ago05 mins

The Federal Reserve held interest rates steady at its June meeting, as expected, while reaffirming the possibility of two rate cuts later this year. It was a relatively predictable meeting, with the main updates coming from slight revisions to the Fed’s forecasts for GDP, unemployment, and inflation. Markets had little reaction to the news. “Blah…