BlackRock Inc BLK CEO Larry Fink is cautiously optimistic on the markets. He’s optimistic on growth prospects, but warned Thursday that new inflationary pressures could negatively impact stocks. What To Know: During a CNBC interview from the World Economic Forum on “Squawk Box” Thursday morning, Fink was asked about his stance on the current state of…
The S&P 500 index is wrapping up a historic two-year run of consecutive over 20% gains, a feat achieved only four times in the past 150 years. Yet, Michael Hartnett, chief investment strategist at Bank of America, says the party may not last forever. According to Hartnett’s latest Flow Show report, published Friday, the U.S….
The Federal Reserve’s preferred measure of inflation, the personal consumption expenditures index, grew less than economists expected in August at 2.2% year-over-year. The data comes on the heels of the Federal Reserve’s 0.5% interest rate cut issued Sept. 18, the first in more than four years. The inflation data supports another 0.5% interest rate cut…
Now that the twin inflation reports are in the rearview mirror, U.S. stocks are hanging onto the slender optimism as traders look ahead to the Federal Reserve’s rate-setting meeting. The numbers did little to belie expectations of a cut at next week’s meeting, although they did pour cold water on a bigger cut. The major…