Federal Reserve https://www.benzinga.com/views/taxonomy/term/125743 en Major Drop In US Job Openings, Will The Fed Now Pivot? Don't Bet On It https://www.benzinga.com/general/topics/22/10/29142274/odds-of-a-fed-pivot-well-its-likely-slim <p>Global bonds and equities are rising in anticipation that the Federal Reserve will reconsider the aggressive tightening of monetary policy that some fear may contribute to the start of a global recession, but<a href="https://www.benzinga.com/government/22/09/29000830/atlanta-fed-president-says-central-bank-will-try-to-avoid-deep-deep-pain-pursuing-2-inflation">&nbsp;history says the Fed may do otherwise</a>.</p> <p>A dovish pivot by the Fed&nbsp;has long been tied to&nbsp;the labor market, which has remained strong during the downturn. Then on Tuesday, the&nbsp;Bureau of Labor<a href="https://www.bls.gov/news.release/jolts.nr0.htm" target="_blank"> Statistics </a>announced that job openings totaled 10.05 million in August, a drop of 10% from the 11.17 million reported in July, sparking new hopes the Fed would rethink&nbsp;its current path.</p> <p><em>Read more:&nbsp;<a href="https://www.benzinga.com/trading-ideas/long-ideas/22/10/29130411/is-the-market-priming-for-a-sharp-rally-in-q4-cantor-fitzgeralds-eric-johnston-reverses-">Is The Market Priming For A Sharp Rally In Q4? Why Cantor Fitzgerald&#39;s Eric Johnston Has Reversed His Bearish Call</a></em></p> <p>Following a similar bounce in US stocks on Monday, European markets also surged on Tuesday as the dollar&#39;s losses were extended.</p> <p>The two-year Treasury yield briefly slid below 4% for the first time since Sept. 21. German short-dated bonds rallied even more, with yields down as much as 16 basis points ...</p><p><a href=https://www.benzinga.com/general/topics/22/10/29142274/odds-of-a-fed-pivot-well-its-likely-slim alt=Major Drop In US Job Openings, Will The Fed Now Pivot? Don&#039;t Bet On It>Full story available on Benzinga.com</a></p> central bank Jerome Powell Rebeca Grynspan Topics Economics Federal Reserve General Topics Economics Federal Reserve General Benzinga Tue, 04 Oct 2022 19:34:59 +0000 AJ Fabino 29142274 at https://www.benzinga.com Is The Market Priming For A Sharp Rally In Q4? Why Cantor Fitzgerald's Eric Johnston Has Reversed His Bearish Call https://www.benzinga.com/trading-ideas/long-ideas/22/10/29130411/is-the-market-priming-for-a-sharp-rally-in-q4-cantor-fitzgeralds-eric-johnston-reverses- <p>After a dismal September when major U.S. averages shed 4% or more, the equity market <a href="https://www.benzinga.com/news/earnings/22/10/29124099/nasdaq-jumps-270-points-silver-surges-over-8">fought back with vengeance </a>in the first trading session of October.&nbsp;At least one analyst is confident that things could look up in the final quarter of a disappointing year.</p> <p><strong>What Happened: </strong> <strong>Cantor Fitzgerald </strong>is now very bullish and the conviction is very high, <strong>Eric Johnston</strong>, Head of Equity and Cross Asset at the firm, said in an <a href="https://twitter.com/CNBCOvertime/status/1577033955471249411">interview</a> with CNBC on Monday.</p> <p>The analyst noted that the firm looks at the market very unemotionally and that it checks with views every day based on the information available at that ...</p><p><a href=https://www.benzinga.com/trading-ideas/long-ideas/22/10/29130411/is-the-market-priming-for-a-sharp-rally-in-q4-cantor-fitzgeralds-eric-johnston-reverses- alt=Is The Market Priming For A Sharp Rally In Q4? Why Cantor Fitzgerald&#039;s Eric Johnston Has Reversed His Bearish Call>Full story available on Benzinga.com</a></p> Cantor Fitzgerald Eric Johnston Inflation Long Ideas Market Rally News Santa Claus Rally SPY Global Federal Reserve Markets Media Trading Ideas SPY US78462F1030 Long Ideas News Global Federal Reserve Markets Media Trading Ideas Benzinga Tue, 04 Oct 2022 12:39:41 +0000 Shanthi Rexaline 29130411 at https://www.benzinga.com US Stocks Look Set To Rally As Futures Spike On Hope Of Fed Easing Hawkish Tone — Apple, Tesla, Rivian Shoot Up Premarket https://www.benzinga.com/news/22/10/29132071/nasdaq-s-p-futures-rally-amid-hopes-of-thawing-in-feds-hawkish-stance-rivian-apple-among-stocks-movi <p>The major U.S. index futures are pointing to a strong opening on Wall Street on Tuesday, as stocks attempt to carry on the momentum from the previous session.</p> <p>On Monday, <a href="https://www.benzinga.com/news/earnings/22/10/29124099/nasdaq-jumps-270-points-silver-surges-over-8">the major averages rallied </a>after weak manufacturing reading and construction spending data triggered hopes of a measured pace of rate hikes. Sentiment also received a lift from falling bond yields.</p> <table align="center" border="1" cellpadding="1" cellspacing="1" style="width:500px"> <caption>U.S. Indices&#39; Performance On Monday</caption> <thead> <tr> <th scope="col">Index</th> <th scope="col">Performance (+/-)</th> <th scope="col">&nbsp;</th> <th scope="col">Value</th> </tr> </thead> <tbody> <tr> <td>Nasdaq Composite</td> <td>+2.27%</td> <td>&nbsp;</td> <td>10,815.43</td> </tr> <tr> <td>S&amp;P 500 Index</td> <td>+2.59%</td> <td>&nbsp;</td> <td>3,678.43</td> </tr> <tr> <td>Dow Industrials</td> <td>+2.66%</td> <td>&nbsp;</td> <td>29,490.89</td> </tr> </tbody> </table> <p>Citing a potential pivot by the Federal Reserve after the December meeting, Cantor Fitzgerald analyst <strong>Eric Johnston&nbsp;</strong>is predicting a sharp rally going into the year-end, he said in an interview with CNBC.</p> <table align="center" border="1" cellpadding="1" cellspacing="1" style="width:500px"> <caption>U.S. Futures&#39; Performance On Tuesday During Premarket Session</caption> <thead> <tr> <th scope="col">Index</th> <th scope="col">Performance (+/-)</th> <th scope="col">&nbsp;</th> </tr> </thead> <tbody> <tr> <td>Nasdaq 100 Futures</td> <td>+2.17%</td> <td>&nbsp;</td> </tr> <tr> <td>S&amp;P 500 Futures</td> <td>+1.77%</td> <td>&nbsp;</td> </tr> <tr> <td>Dow Futures</td> <td>+1.55%</td> <td>&nbsp;</td> </tr> <tr> <td>R2K Futures</td> <td>+1.96%</td> <td>&nbsp;</td> </tr> </tbody> </table> <p>In premarket trading on Tuesday, the <strong>SPDR S&amp;P 500 ETF Trust</strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spy#NYSE">SPY</a>) rose 1.78% to $373.12, while <strong>Invesco ...</strong></p><p><a href=https://www.benzinga.com/news/22/10/29132071/nasdaq-s-p-futures-rally-amid-hopes-of-thawing-in-feds-hawkish-stance-rivian-apple-among-stocks-movi alt=US Stocks Look Set To Rally As Futures Spike On Hope Of Fed Easing Hawkish Tone — Apple, Tesla, Rivian Shoot Up Premarket>Full story available on Benzinga.com</a></p> AAPL Nasdaq futures News QQQ RIVN S&P 500 futures SPY TSLA Futures Previews Top Stories Economics Federal Reserve Pre-Market Outlook Markets Trading Ideas SPY US78462F1030 AAPL US0378331005 TSLA US88160R1014 QQQ US73935A1043 RIVN News Futures Previews Top Stories Economics Federal Reserve Pre-Market Outlook Markets Trading Ideas Benzinga Tue, 04 Oct 2022 11:15:51 +0000 Shanthi Rexaline 29132071 at https://www.benzinga.com UN Says The Fed Can Stop Global Recession, But It Needs To Do This https://www.benzinga.com/news/22/10/29124720/un-says-the-fed-can-stop-a-global-recession-but-it-needs-to-do-this <p>The United Nations Conference on Trade and Development&nbsp;is calling on central banks in major economies to reverse&nbsp;course on raising <a href="https://www.benzinga.com/topic/interest-rates">interest rates</a>, stating that it is leading the world into a global recession and prolonged stagnation.</p> <p>UNCTAD projects that world economic growth will slow to 2.5% in 2022 and drop to 2.2% in 2023,&nbsp;according to its 2022 global economic outlook <a href="https://unctad.org/tdr2022">report</a>.</p> <p><strong>The Details:&nbsp;</strong>The global slowdown would leave real GDP still below its pre-pandemic trend, costing the world more than $17 trillion, according to UNCTAD &mdash; and causing middle and low-income countries and other developing economies to see some of this year&#39;s harshest slowdowns.</p> <p><em>Read more:&nbsp;<a href="https://www.benzinga.com/news/22/09/29093776/feds-preferred-inflation-measure-comes-in-higher-than-expected-what-you-need-to-know">Fed&#39;s Preferred Inflation Measure Comes In Higher Than Expected: What You Need To Know</a></em></p> <p>The ...</p><p><a href=https://www.benzinga.com/news/22/10/29124720/un-says-the-fed-can-stop-a-global-recession-but-it-needs-to-do-this alt=UN Says The Fed Can Stop Global Recession, But It Needs To Do This>Full story available on Benzinga.com</a></p> Central Banks Interest Rates News UN United Nations United Nations Conference on Trade and Development Global Top Stories Economics Federal Reserve General News Global Top Stories Economics Federal Reserve General Benzinga Mon, 03 Oct 2022 19:43:13 +0000 AJ Fabino 29124720 at https://www.benzinga.com S&P 500, Dow Futures Begin Week On Upbeat Note But Credit Suisse Scare Gives Investors Jitters — Tesla, Energy Stocks In Focus https://www.benzinga.com/news/22/10/29114610/s-p-dow-futures-rise-in-new-trading-week-putting-behind-economic-worries-tesla-credit-suisse-energy <p>Major U.S. index futures have&nbsp;started the week on a mixed note after a dismal September. <a href="https://www.benzinga.com/news/22/10/29111470/as-credit-suisses-credit-default-swaps-spike-to-near-2008-levels-rumors-of-lehman-like-collapse-floa">Fears concerning the financial health of </a><strong><a href="https://www.benzinga.com/news/22/10/29111470/as-credit-suisses-credit-default-swaps-spike-to-near-2008-levels-rumors-of-lehman-like-collapse-floa">Credit Suisse</a> Group AG </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cs#NYSE">CS</a>) and a contagion effect could keep sentiment muted in the session.</p> <p>Apprehensions are likely to increase as traders look ahead to another slew of Fed speeches and Friday&rsquo;s jobs report.</p> <p>Equities fell across the board in the week ended Sept. 30 as uncertainty regarding the rate and economic outlook continued to put pressure on the market. The major averages all ended at fresh two-year lows following Friday&rsquo;s sell-off.</p> <table align="center" border="1" cellpadding="1" cellspacing="1" style="width:500px"> <caption>U.S. Indices&#39; Performance In Week Ended Sept. 30</caption> <thead> <tr> <th scope="col">Index</th> <th scope="col">Performance (+/-)</th> <th scope="col">&nbsp;</th> <th scope="col">Value</th> </tr> </thead> <tbody> <tr> <td>Nasdaq Composite</td> <td>-2.69%</td> <td>&nbsp;</td> <td>10,575.62</td> </tr> <tr> <td>S&amp;P 500 Index</td> <td>-2.91%</td> <td>&nbsp;</td> <td>3,585.62</td> </tr> <tr> <td>Dow Industrials</td> <td>-2.92%</td> <td>&nbsp;</td> <td>28,725.51</td> </tr> </tbody> </table> <p>For the third quarter, the Nasdaq Composite, S&amp;P 500 and Dow Industrials were down 4.10%, 5.28% and 6.7%, respectively.</p> <p><strong>Here&rsquo;s a peek into index futures trading:</strong></p> <table align="center" border="1" cellpadding="1" cellspacing="1" style="width:500px"> <caption>U.S. Futures&#39; Performance On Monday During Premarket Session</caption> <thead> <tr> <th scope="col">Index</th> <th scope="col">Performance (+/-)</th> <th scope="col">&nbsp;</th> </tr> </thead> <tbody> <tr> <td>Nasdaq 100 Futures</td> <td>-0.01%</td> <td>&nbsp;</td> </tr> <tr> <td>S&amp;P 500 Futures</td> <td>+0.44%</td> <td>&nbsp;</td> </tr> <tr> <td>Dow Futures</td> <td>+0.57%</td> <td>&nbsp;</td> </tr> <tr> <td>R2K Futures</td> <td>+0.58</td> <td>&nbsp;</td> </tr> </tbody> </table> <p>In premarket trading on Monday, the <strong>SPDR S&amp;P 500 ETF Trust</strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spy#NYSE">SPY</a>) rose 0.44% to $358.75, while <strong>Invesco QQQ Trust&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) was down 0.01% to $267.22, according to<a href="https://benzinga.grsm.io/register174"> Benzinga Pro data.</a></p> <p>Credit Suisse on Monday cut its year-end forecast for ...</p><p><a href=https://www.benzinga.com/news/22/10/29114610/s-p-dow-futures-rise-in-new-trading-week-putting-behind-economic-worries-tesla-credit-suisse-energy alt=S&amp;P 500, Dow Futures Begin Week On Upbeat Note But Credit Suisse Scare Gives Investors Jitters — Tesla, Energy Stocks In Focus>Full story available on Benzinga.com</a></p> CS DB Nasdaq futures News Penny Stocks QQQ S&P 500 futures SPY TSLA Futures Previews Top Stories Economics Federal Reserve Pre-Market Outlook Markets Trading Ideas SPY US78462F1030 CS US2254011081 DB DE0005140008 TSLA US88160R1014 QQQ US73935A1043 News Penny Stocks Futures Previews Top Stories Economics Federal Reserve Pre-Market Outlook Markets Trading Ideas Benzinga Mon, 03 Oct 2022 11:11:57 +0000 Shanthi Rexaline 29114610 at https://www.benzinga.com Fed's Preferred Inflation Measure Comes In Higher Than Expected: What You Need To Know https://www.benzinga.com/news/22/09/29093776/feds-preferred-inflation-measure-comes-in-higher-than-expected-what-you-need-to-know <p>The <strong>SPDR S&amp;P 500 ETF Trust SPY</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spy#NYSE">SPY</a>) traded slightly higher on Friday morning after the Bureau of Economic Analysis reported a 6.2% increase in the personal consumption expenditures (PCE) price index in the month of August, remaining near the highest levels since the 1980s.</p> <p><strong>What Happened: </strong>The headline PCE rose 6.2% in August. That&#39;s down from 6.3% in July and a 2022 high of 6.8% in June.</p> <p>The August PCE reading came in below economist estimates of 6.6%.</p> <p>Core PCE, which excludes <a href="https://www.benzinga.com/money/most-volatile-stocks/">volatile</a> ...</p><p><a href=https://www.benzinga.com/news/22/09/29093776/feds-preferred-inflation-measure-comes-in-higher-than-expected-what-you-need-to-know alt=Fed&#039;s Preferred Inflation Measure Comes In Higher Than Expected: What You Need To Know>Full story available on Benzinga.com</a></p> Government Liz Truss News Regulations SPY Econ #s Federal Reserve SPY US78462F1030 News Government Regulations Econ #s Federal Reserve Benzinga Fri, 30 Sep 2022 12:54:59 +0000 Wayne Duggan 29093776 at https://www.benzinga.com Nasdaq, S&P 500 Surge Ahead Of Market Open As US Stocks Look To Fight Back After Sell-Off: Nike And Peers In Focus https://www.benzinga.com/news/22/09/29091681/nasdaq-s-p-futures-fight-back-after-thursdays-sell-off-nikes-results-weigh-down-on-sporting-goods-re <p>The major U.S. index futures point to a positive start on Friday, reversing the sharp declines in the previous session. The week witnessed see-sawing movement in the market and it remains to be seen if the indices can rally hard to close the week in the green.</p> <p>U.S. stocks opened Thursday&rsquo;s session lower and fell further in early trading, as traders digested data showing jobless claims falling to a five-month low and second-quarter GDP growing in line with expectations.</p> <p>The weakness was broad-based, with consumer discretionary, technology, communications and real estate stocks coming in for severe punishment.</p> <p>All three major averages were trading at their lowest levels in about two years.</p> <table align="center" border="1" cellpadding="1" cellspacing="1" style="width:500px"> <caption>U.S. Indices&#39; Performance On Thursday</caption> <thead> <tr> <th scope="col">Index</th> <th scope="col">Performance (+/-)</th> <th scope="col">&nbsp;</th> <th scope="col">Value</th> </tr> </thead> <tbody> <tr> <td>Nasdaq Composite</td> <td>-2.84%</td> <td>&nbsp;</td> <td>10,737.51</td> </tr> <tr> <td>S&amp;P 500 Index</td> <td>-2.11%</td> <td>&nbsp;</td> <td>3,640.47</td> </tr> <tr> <td>Dow Industrials</td> <td>-1.54%</td> <td>&nbsp;</td> <td>29,225.61</td> </tr> </tbody> </table> <p><strong>Here&rsquo;s a peek into index futures trading:</strong></p> <table align="center" border="1" cellpadding="1" cellspacing="1" style="width:500px"> <caption>U.S. Futures&#39; Performance On Friday During Premarket Session</caption> <thead> <tr> <th scope="col">Index</th> <th scope="col">Performance (+/-)</th> <th scope="col">&nbsp;</th> </tr> </thead> <tbody> <tr> <td>Nasdaq 100 Futures</td> <td>+0.66%</td> <td>&nbsp;</td> </tr> <tr> <td>S&amp;P 500 Futures</td> <td>+0.70%</td> <td>&nbsp;</td> </tr> <tr> <td>Dow Futures</td> <td>+0.58%</td> <td>&nbsp;</td> </tr> <tr> <td>R2K ...</td></tr></tbody></table><p><a href=https://www.benzinga.com/news/22/09/29091681/nasdaq-s-p-futures-fight-back-after-thursdays-sell-off-nikes-results-weigh-down-on-sporting-goods-re alt=Nasdaq, S&amp;P 500 Surge Ahead Of Market Open As US Stocks Look To Fight Back After Sell-Off: Nike And Peers In Focus>Full story available on Benzinga.com</a></p> DECK LULU Nasdaq futures News NKE QQQ S&P 500 futures sporting goods retailers SPY Previews Forex Top Stories Economics Federal Reserve Pre-Market Outlook Markets Trading Ideas SPY US78462F1030 DECK US2435371073 LULU US5500211090 NKE US6541061031 QQQ US73935A1043 News Previews Forex Top Stories Economics Federal Reserve Pre-Market Outlook Markets Trading Ideas Benzinga Fri, 30 Sep 2022 11:01:44 +0000 Shanthi Rexaline 29091681 at https://www.benzinga.com Mark Zuckerberg's Meta No Longer Among Top 10 Most-Valuable Companies: Who Overtook The Tech Giant? https://www.benzinga.com/news/22/09/29090385/mark-zuckerbergs-meta-no-longer-among-top-10-most-valuable-companies-in-the-world-this-oil-company-t <p><strong>Meta Platforms Inc.&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) is no longer among the top 10 most valuable companies in the world as its market cap fell to $366.61 billion with shares of the company closing 3.67% lower on Thursday.</p> <p><strong>What Happened: </strong>Meta has moved to the 12<sup>th</sup> position among companies with top market cap behind <strong>Exxon Mobil Corp</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>) whose market cap stood at $369.59 billion, taking it to the 11<sup>th</sup> spot,&nbsp;data from companiesmarketcap.com shows.&nbsp;<strong>Visa Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/v#NYSE">V</a>) stock is at the 10th position, with a market valuation of $372.51 billion.</p> <p><strong>Apple Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) is the most valuable ...</p><p><a href=https://www.benzinga.com/news/22/09/29090385/mark-zuckerbergs-meta-no-longer-among-top-10-most-valuable-companies-in-the-world-this-oil-company-t alt=Mark Zuckerberg&#039;s Meta No Longer Among Top 10 Most-Valuable Companies: Who Overtook The Tech Giant?>Full story available on Benzinga.com</a></p> AAPL Facebook Mark Zuckerberg META News oil prices Russia-Ukraine War V XOM Global Federal Reserve Tech General AAPL US0378331005 V US92826C8394 XOM US30231G1022 META News Global Federal Reserve Tech General Benzinga Fri, 30 Sep 2022 10:31:15 +0000 Bhavik Nair 29090385 at https://www.benzinga.com The Fed's Preferred Inflation Number Is Coming Friday: PCE Preview https://www.benzinga.com/news/22/09/29085126/pce-preview-what-to-know-before-the-feds-preferred-inflation-measure-is-released-friday-morning <p>An important <a href="https://www.benzinga.com/topic/inflation">inflation</a> reading for the Federal Reserve is coming Friday, with the Bureau of Economic Analysis set to&nbsp;release the Personal Consumption Expenditures (PCE) price index data for August.</p> <p><strong>What To Know:&nbsp;</strong>The&nbsp;PCE price index is the Federal Reserve&#39;s&nbsp;preferred inflation gauge.&nbsp;It&#39;s released on a monthly basis&nbsp;and shows&nbsp;changes in the prices of goods and services purchased by consumers in the U.S.&nbsp;</p> <p>The <a href="https://www.benzinga.com/news/22/08/28652643/economists-believe-inflation-is-headed-in-the-right-direction-as-personal-consumption-expenditures-p">core PCE data from&nbsp;July</a>, which excludes volatile&nbsp;food and energy prices, increased to $23.7 billion, representing an increase of&nbsp;0.1% month-over-month. The number came in below average economist estimates for a&nbsp;0.3% jump.</p> <p>The July PCE inflation reading showed a 6.3% increase year-over-year, while core PCE inflation was up 4.6%. Economists are anticipating a 6.6% increase in PCE inflation in August and a 4.7% increase&nbsp;with&nbsp;food and energy prices removed.</p> <p>The Federal Reserve&nbsp;will be paying close attention to the core PCE number as most economists expect the&nbsp;<a href="https://www.benzinga.com/news/earnings/22/09/28952129/s-p-500-rises-0-5-crude-oil-falls-sharply">slide ...</a></p><p><a href=https://www.benzinga.com/news/22/09/29085126/pce-preview-what-to-know-before-the-feds-preferred-inflation-measure-is-released-friday-morning alt=The Fed&#039;s Preferred Inflation Number Is Coming Friday: PCE Preview>Full story available on Benzinga.com</a></p> Commerce Department Inflation Interest Rates Jerome Powell News SPY Previews Econ #s Top Stories Federal Reserve Trading Ideas SPY US78462F1030 News Previews Econ #s Top Stories Federal Reserve Trading Ideas Benzinga Thu, 29 Sep 2022 19:52:15 +0000 Adam Eckert 29085126 at https://www.benzinga.com Powell Has Reversed Course On Interest Rates Before: Will History Repeat Itself? https://www.benzinga.com/opinion/22/09/29060837/market-behavior-hints-that-fed-chair-powell-may-reverse-course-on-rates-if-history-repeats-itself <p>The Federal Reserve <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28953963/federal-reserve-issues-third-straight-0-75-interest-rate-hike-what-it-means-for-the">hike the federal funds rate</a>&nbsp;once again last week, taking it to a range of 3% to 3.25%.</p> <p>All signs point to further hikes later this year and well into 2023, to a peak range of 4.5%-4.75%, as several Fed governors <a href="https://www.benzinga.com/government/22/09/28785911/will-the-fed-funds-rate-continue-to-go-up-fed-officials-weigh-in-on-how-to-reduce-inflation">said earlier this month</a>.</p> <p>Yet looking back at recent history, a Powell-run Fed hasn&rsquo;t always shown a steady hand in raising interest rates.</p> <p><em><strong>Related: <a href="https://www.benzinga.com/economics/22/09/28976517/why-you-should-care-about-the-latest-hike-on-interest-rates-from-mortgages-to-personal-loans-credit">Why You Should Care About The Latest Interest Rate Hike: From Mortgages To Personal Loans, Credit Cards And The Job Market</a></strong></em></p> <p>As<strong> Ryan Detrick</strong>, chief ...</p><p><a href=https://www.benzinga.com/opinion/22/09/29060837/market-behavior-hints-that-fed-chair-powell-may-reverse-course-on-rates-if-history-repeats-itself alt=Powell Has Reversed Course On Interest Rates Before: Will History Repeat Itself?>Full story available on Benzinga.com</a></p> Carson Group Jerome Powell Ryan Detrick Economics Federal Reserve Markets Economics Federal Reserve Markets Benzinga Thu, 29 Sep 2022 14:59:28 +0000 Natan Ponieman 29060837 at https://www.benzinga.com Surprise! Jobless Claims Fall To Lowest Levels Since April: What You Need To Know Now https://www.benzinga.com/news/22/09/29073809/surprise-jobless-claims-fall-to-lowest-levels-since-april-what-you-need-to-know-now <p>U.S. initial&nbsp;<a href="https://www.benzinga.com/topic/unemployment" target="_blank">jobless claims</a>&nbsp;unexpectedly fell&nbsp;last week to the lowest levels since April, signaling&nbsp;the&nbsp;labor market remains resilient despite <a href="https://www.benzinga.com/topic/interest-rates">continued rate hikes from the Federal Reserve</a>.</p> <p><strong>What Happened:</strong>&nbsp;Jobless claims decreased by 16,000&nbsp;for the week ending Sept. 24&nbsp;to 193,000 from&nbsp;a downwardly revised level of 209,000 in the prior week,&nbsp;according to&nbsp;data the Labor Department&nbsp;<a href="https://www.dol.gov/ui/data.pdf" rel="nofollow noopener noreferrer">released</a>&nbsp;on Thursday.</p> <p>The number came in well below&nbsp;average economist estimates of 215,000.&nbsp;</p> <p>The previous week&#39;s level of 213,000 was revised down by 4,000. The four-week moving average was 207,000, a decrease of 8,750 from the previous week&#39;s revised average. The previous week&#39;s average was revised down by 1,000 from 216,750 to 215,750.</p> <p>Continuing claims dropped to 1.347&nbsp;million in the week ended Sept. 17,&nbsp;a decrease of 29,000 from the previous week&#39;s revised level.</p> <p>Gross ...</p><p><a href=https://www.benzinga.com/news/22/09/29073809/surprise-jobless-claims-fall-to-lowest-levels-since-april-what-you-need-to-know-now alt=Surprise! Jobless Claims Fall To Lowest Levels Since April: What You Need To Know Now>Full story available on Benzinga.com</a></p> employment Jay Powell labor department News SPY Unemployment Econ #s Top Stories Federal Reserve SPY US78462F1030 News Econ #s Top Stories Federal Reserve Benzinga Thu, 29 Sep 2022 13:26:05 +0000 Adam Eckert 29073809 at https://www.benzinga.com US Stocks Look Set To Squander Wednesday's Gains As Economic Worries Continue To Haunt Traders, Futures Trading Shows — Apple, Tesla In Focus https://www.benzinga.com/news/22/09/29070340/nasdaq-futures-lead-declines-on-thursday-as-economic-worries-continue-to-haunt-traders-apple-slips-f <p>The major U.S. index futures were pointing to a markedly weaker start on Thursday, potentially reversing some of the previous session&rsquo;s strong gains.</p> <p>U.S. stocks rallied out of the gate on Wednesday, with the upward momentum accelerating over the course of the session, as bargain hunting lifted the market from out of its two-year lows.</p> <p>Energy, communications, consumer discretionary and material stocks led the advances on a day, which saw across-the-board buying interest.</p> <table align="center" border="1" cellpadding="1" cellspacing="1" style="width:500px"> <caption>U.S. Indices&#39; Performance On Wednesday</caption> <thead> <tr> <th scope="col">Index</th> <th scope="col">Performance (+/-)</th> <th scope="col">&nbsp;</th> <th scope="col">Value</th> </tr> </thead> <tbody> <tr> <td>Nasdaq Composite</td> <td>+2.05%</td> <td>&nbsp;</td> <td>11,051.64</td> </tr> <tr> <td>S&amp;P 500 Index</td> <td>+1.97%</td> <td>&nbsp;</td> <td>3,719.04</td> </tr> <tr> <td>Dow Industrials</td> <td>+1.88%</td> <td>&nbsp;</td> <td>29,683.74</td> </tr> </tbody> </table> <p>Here&rsquo;s a peek into index futures trading:</p> <table align="center" border="1" cellpadding="1" cellspacing="1" style="width:500px"> <caption>U.S. Futures&#39; Performance On Thursday During Premarket Session</caption> <thead> <tr> <th scope="col">Index</th> <th scope="col">Performance (+/-)</th> <th scope="col">&nbsp;</th> </tr> </thead> <tbody> <tr> <td>Nasdaq 100 Futures</td> <td>-1.24%</td> <td>&nbsp;</td> </tr> <tr> <td>S&amp;P 500 Futures</td> <td>-0.90%</td> <td>&nbsp;</td> </tr> <tr> <td>Dow Futures</td> <td>-0.66%</td> <td>&nbsp;</td> </tr> <tr> <td>R2K Futures</td> <td>-1.52%</td> <td>&nbsp;</td> </tr> </tbody> </table> <p>In <a href="https://www.benzinga.com/premarket/">premarket</a> trading on Thursday, the <strong>SPDR S&amp;P 500 ETF Trust</strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spy#NYSE">SPY</a>) fell 0.85% to $367.39, while <strong>Invesco QQQ Trust&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) was down 1.16% to $276.69, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a></p> <p>On the <a href="https://www.benzinga.com/news/22/09/29068753/us-gdp-might-contract-by-this-much-in-second-quarter-here-are-the-major-macro-issues-for-thursday">economic front,</a> the Labor Department will release the jobless claims report for the ...</p><p><a href=https://www.benzinga.com/news/22/09/29070340/nasdaq-futures-lead-declines-on-thursday-as-economic-worries-continue-to-haunt-traders-apple-slips-f alt=US Stocks Look Set To Squander Wednesday&#039;s Gains As Economic Worries Continue To Haunt Traders, Futures Trading Shows — Apple, Tesla In Focus>Full story available on Benzinga.com</a></p> AAPL ABNB Nasdaq futures News Penny Stocks QQQ S&P 500 futures SPY TSLA Futures Previews Top Stories Economics Federal Reserve Pre-Market Outlook Markets Trading Ideas SPY US78462F1030 AAPL US0378331005 TSLA US88160R1014 QQQ US73935A1043 ABNB News Penny Stocks Futures Previews Top Stories Economics Federal Reserve Pre-Market Outlook Markets Trading Ideas Benzinga Thu, 29 Sep 2022 11:13:41 +0000 Shanthi Rexaline 29070340 at https://www.benzinga.com Volatility In 2022 Made Sure Even Risk-Parity Strategies Don't Work: This ETF Has Lost Over 28% This Year https://www.benzinga.com/news/22/09/29068486/2022-made-sure-even-risk-parity-strategies-dont-work-this-etf-lost-over-28-this-year <p>Risk-parity strategies that aim to maximize diversification across asset classes appear to have lost their appeal at a time when every asset class has suffered due to persisting global volatility.</p> <p><strong>What Happened: </strong>The $1.1 billion <strong>RPAR Risk Parity ETF</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rpar#NYSE">RPAR</a>) has lost over 32% from its November 2021 high, according to a Bloomberg&nbsp;<a href="https://www.bloomberg.com/news/articles/2022-09-28/-perfect-storm-for-risk-parity-has-etf-posting-record-32-drop#xj4y7vzkg">report</a>. This is a record drawdown, the report said.</p> <p>The fund has lost more than 28% since the ...</p><p><a href=https://www.benzinga.com/news/22/09/29068486/2022-made-sure-even-risk-parity-strategies-dont-work-this-etf-lost-over-28-this-year alt=Volatility In 2022 Made Sure Even Risk-Parity Strategies Don&#039;t Work: This ETF Has Lost Over 28% This Year>Full story available on Benzinga.com</a></p> Eurasia Inflation NASDAQ News RPAR Specialty ETFs Global Federal Reserve Markets ETFs General RPAR News Specialty ETFs Global Federal Reserve Markets ETFs General Benzinga Thu, 29 Sep 2022 10:18:22 +0000 Bhavik Nair 29068486 at https://www.benzinga.com Google Trends Data Shows 'Recession' Searches Have Soared 355% This Year https://www.benzinga.com/economics/22/09/29063095/google-trends-data-shows-recession-searches-have-soared-355-this-year <p>The <strong>SPDR S&amp;P 500 ETF Trust</strong>&nbsp;(ARCA: SPY) has faced&nbsp;selling pressure for most&nbsp;of 2022 on continued&nbsp;supply-chain constraints, lingering COVID-19 lockdowns in China and rising inflation concerns. As the Federal Reserve continues to aggressively fight inflation, search data&nbsp;suggests investors are increasingly anticipating&nbsp;an&nbsp;economic slowdown.</p> <p><strong>What To Know: </strong>Searches for the term &quot;recession&quot; in the U.S.&nbsp;are up 355% in 2022, according to Google Trends data compiled by <a href="https://www.cinchhomeservices.com/view-blog/-/blogs/searches-for-recession">Cinch Home Services</a>. &quot;Upcoming recession&quot; searches have jumped 247% over the past year, while &quot;housing recession&quot; searches soared 461%.</p> <p><strong>Alphabet Inc&#39;s</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) Google Trends platform shows data points&nbsp;that&nbsp;represent search interest relative to the highest point on the chart. ...</p><p><a href=https://www.benzinga.com/economics/22/09/29063095/google-trends-data-shows-recession-searches-have-soared-355-this-year alt=Google Trends Data Shows &#039;Recession&#039; Searches Have Soared 355% This Year>Full story available on Benzinga.com</a></p> GOOG GOOGL Google Trends Jay Powell recessioon SPY Top Stories Economics Federal Reserve Tech ETFs SPY US78462F1030 GOOG US38259P7069 GOOGL US38259P5089 Top Stories Economics Federal Reserve Tech ETFs Benzinga Wed, 28 Sep 2022 20:05:42 +0000 Adam Eckert 29063095 at https://www.benzinga.com Why Stanley Druckenmiller Says Recession Is Coming, Expects Dow Jones To Trade Flat Over Next 10 Years: 'We Are In Deep Trouble' https://www.benzinga.com/federal-reserve/22/09/29058214/stanley-druckenmiller-says-a-recession-is-coming-expects-dow-jones-to-trade-flat-over-next-10-yea <p>Billionaire investor <strong>Stanley Druckenmiller</strong> has warned&nbsp;<a href="https://www.benzinga.com/government/22/09/29000830/atlanta-fed-president-says-central-bank-will-try-to-avoid-deep-deep-pain-pursuing-2-inflation">the Federal Reserve&#39;s response to inflation</a> is going to be troubling for the U.S. economy.</p> <p><strong>What Happened:</strong> Druckenmiller said Wednesday he expects a &quot;hard landing&quot; by the end of next year at CNBC&#39;s Delivering Alpha Investor Summit.</p> <p>&quot;Our central case is a hard landing by the end of &#39;23.&nbsp;I will be stunned if we don&rsquo;t have recession in &#39;23,&quot; Druckenmiller said.</p> <p>The billionaire investor also noted that he wouldn&#39;t be surprised if the recession is of the &quot;so called average garden variety,&quot; but he isn&#39;t ruling out &quot;something really bad,&quot; he said.</p> <p>Druckenmiller explained that&nbsp;an asset bubble has formed as ...</p><p><a href=https://www.benzinga.com/federal-reserve/22/09/29058214/stanley-druckenmiller-says-a-recession-is-coming-expects-dow-jones-to-trade-flat-over-next-10-yea alt=Why Stanley Druckenmiller Says Recession Is Coming, Expects Dow Jones To Trade Flat Over Next 10 Years: &#039;We Are In Deep Trouble&#039;>Full story available on Benzinga.com</a></p> CNBC SPY Stanley Druckenmiller Top Stories Federal Reserve Media Trading Ideas SPY US78462F1030 Top Stories Federal Reserve Media Trading Ideas Benzinga Wed, 28 Sep 2022 17:33:38 +0000 Adam Eckert 29058214 at https://www.benzinga.com