It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
US stocks showed mixed performance on Tuesday, with the Dow unchanged but the S&P 500 and Nasdaq slightly up. Investors are closely watching Wednesday's inflation report but should pay more attention to earnings season, which starts this week. Companies' performance will give more insight into how they're handling high costs. Crypto-related stocks fell with Bitcoin prices, but Alphabet and Moderna saw gains.
Inflation increased faster than expected in March, fueled by rising shelter and energy costs. The consumer price index rose 3.5%, higher than economists' predictions. Traders have now pushed back the expected date for the first interest rate cut by the Federal Reserve from June to September. This inflation spike is unlikely to prompt the Fed to cut rates anytime soon, as it reinforces the notion that inflation is stickier than previously anticipated.
The Federal Reserve may cut interest rates more deeply this year due to a weakening jobs market and easing inflation. Experts believe that a deterioration in employment data will prompt the Fed to take more aggressive action to support the economy. Positive stock market performance is expected in various sectors, including financials and consumer discretionary, with a shift away from the dominance of large-cap stocks.
The stock market is hitting record highs, with the Dow Jones Industrial Average closing in on 40,000 points. This surge is fueled by positive economic data and corporate profits. While there are still concerns about a potential recession, investors are generally optimistic.
Reddit, the popular social media platform, has also joined the stock market. But experts warn that it's a volatile investment, and investors should proceed with caution.
Key economic data suggests inflation remains high, prompting the Federal Reserve to consider raising interest rates for an extended period. Despite concerns about inflation and valuations, experts believe the economy is strong and earnings are expected to improve. Investors are bullish but sentiment is historically tied to flat markets, while valuations are fair. The market narrative has shifted toward stability, with the Fed seen as capable of managing economic challenges.
Gold is considered a safe haven during economic turmoil, but its returns are historically modest compared to stocks and bonds. Experts suggest investing a small portion (less than 5%) of one's portfolio in gold as a financial safeguard, but it's unlikely to generate substantial gains during stable market conditions.
