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.

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...

Stock Futures Rise Following CPI Inflation Data

U.S. equity futures rose on Wednesday after inflation data from the previous day came in hotter than expected. January's Consumer Price Index rose 3.1% on an annual basis, with a 0.3% increase from the previous month. This has lowered...

S&P 500 Hits Record, Approaches 5,000 for First Time in History

U.S. stocks rallied on Wednesday, with the S&P 500 closing at an all-time record high of 4,995. This has put the U.S. benchmark on track to hit the 5,000-point mark for the first time in its history. It was the...

Stocks Rise Ahead of Jobs Data

U.S. stocks posted significant gains on Friday as tech giants posted promising earnings reports and markets braced for the release of the U.S. jobs report later in the day. S&P 500 futures were up 0.5%, with those on the...

Economists Increasingly Confident of Fed Rate Cut

Economists appear to be becoming increasingly confident that the Federal Reserve could be on the verge of introducing interest rate cuts. With the Fed's two-day policy meeting commencing on Wednesday, investors are pricing around a 50% chance that the...

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