Lee K
Lee has a passion for photography and enjoys taking pictures of animals in the wild. He once spent four months in South Africa capturing wildlife in its element.
Nasdaq Leads Stock Gains Ahead of Fed Policy Meeting
Stocks on the New York Stock Exchange rose on Monday as investors geared up for the Federal Reserve's March policy meeting later in the week. Following hotter-than-expected inflation data from the Consumer Price Index, hopes around AI developments are...
Stubborn CPI Reading Unlikely to Affect Fed Rate Cuts
February's Consumer Price Index (CPI) came out on Tuesday, showing that prices rose by 0.4% over the previous month and 3.2% over the previous year. "Core" CPI, which excludes volatile components including food and gas, climbed 0.4% higher compared...
Stocks Rebound Following Encouraging Fed Chair Testimony
U.S. stocks jumped before Wednesday's close after Federal Reserve Chair Jerome Powell delivered his highly-anticipated testimony to Congress. He confirmed his stance that interest rate cuts are likely this year, explaining: "If the economy evolves broadly as expected, it...
Stocks Rise Following Relief Over Inflation Data
U.S. futures and European equities rose on Friday after the latest US PCE report largely met expectations, thereby doing little to rock the boat in terms of markets' fears of an inflation resurgence and the pace at which the...
PCE Index Expected to Rise By Most in a Year
The personal consumption expenditures (PCE) price index, known to be the Federal Reserve's preferred inflation gauge, is expected to rise at its quickest pace in over a year. The PCE is forecasted to show a 0.4% rise from the...
Goldman Sachs Lifts S&P 500 Target Amid Rising Performance
Goldman Sachs has decided to lift their 2024 target for the S&P 500 Index for the second straight month after the index exceeded 5,000 points for the first time in its history this month. The team of analysts, led...