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![]() Jason MaFortune |
"Southern states are generally the strongest, but their growth is slowing."
Wall Street's faith in the staying power of AI as an investment thesis will be put to the test when Nvidia reports quarterly earnings on Wednesday.
"When you front-load success early, you buy the luxury of choice for the rest of your life."
Fed governors typically step down before their terms expire, but they may stay on until a president from their political party is in the White House.
"We also think there's a significant probability of Russia's economy slipping into a technical recession in the coming quarters."
"A few participants noted a weakening in housing demand, with increased availability of homes for sale and falling house prices."
Another contested meeting would mark further deviation from the Fed's traditional consensus-driven decision-making process.
With the economy facing many threats, it wouldn’t take much to push it into recession, Mark Zandi warns.
"I think we have all the ingredients to win this race, but we are going to have to turbocharge our efforts."
“We’re notoriously undersupplied in our housing market. Does that mean it’s going to be even more difficult for us to build homes?”
Fed minutes are due, and top retailers will report earnings in the coming week. But the main attraction will be Jerome Powell's speech on Friday.
"It will be difficult for policymakers to tease out one-off tariff effects from longer-lasting inflationary pressures."
"Despite this firmness, the tariff pass-through effect on consumer prices arguably has been less bad than expected so far."
"In short, the economic consequences would be ruinous, instead of unprecedented success."
The latest consumer price index report showed airfares jumped 4% in July from June, marking the first monthly increase since January.
"Trump can squeeze the Russians; he seems to forget that the United States holds the cards, not Moscow."
"We had an extremely productive meeting, and many points were agreed to and there are just a very few that are left."
"We doubt that US tariffs will significantly affect inflation in the rest of the world, but if anything, the effect could be mildly disinflationary."
For now, the extension of a truce means that US tariffs on Chinese goods this year stand at 30%.
"There's going to be a strong incentive on that president's part to say, 'OK, I'm going to cut the taxes.'"
The consumer price index for July will come out on Tuesday, and Wall Street expects a 0.2% monthly overall increase and a 0.3% uptick in the core CPI.
"A much larger unemployment risk and anemic recovery prospects for these workers might cause the next labor market downturn to look pretty dismal."
"Things could still turn around if the economic policies weighing on the economy soon lift. But that looks increasingly unlikely."
"I'm not I'm not totally sure what's gonna happen, but it is a crazy intense comp for a very small number of people right now."
"Though that may not be enough to compel Putin to seek peace, it does suggest that the walls are closing in on him."
Wilson's view is part of an increased sense of optimism on Wall Street as fears over tariffs ease with the signing of several trade deals.
"The main threat to the Fed independence is not politically motivated turnover shifting the outcome of votes."
The latest blowback came after Trump's 39% tariff on Switzerland went into effect, prompting lawmakers there to demand the government scrap its F-35...
"This implies that the weak gains in payrolls in recent months might have something to do with the supply of labor."
With Wall Street now more attuned to economic risks like Trump's trade war, the tariffs that will go into effect on Thursday may get more scrutiny.
The tariffs will kick in on August 7 instead of August 1, which had previously been touted as a hard deadline.
"Something always goes wrong eventually — whether it’s a risk hiding in plain sight or something you couldn’t see coming."
"Consumer spending has flatlined, construction and manufacturing are contracting, and employment is set to fall."
"Don't forget, our Federal Reserve is not at all a part of our Constitution. It's a creature of the U.S. Congress, created by the Federal Reserve Act...
"In episodes when labor demand slides with a growth downshift, it is often a precursor to retrenchment."
Berkshire was a net seller of stocks for the 11th straight quarter, offloading $6.92 billion during the second quarter and buying $3.9 billion.
"September is a lock for a rate cut and it might even be a 50-basis point move to make up the lost time."
"This year reminds us of the classic Charles Dickens quote, 'It was the best of times, it was the worst of times.'"
“At the end of the day, the EU needs U.S. weapons to keep Ukraine afloat into its struggle for survival against Russia.”
"The biggest piece in the trade deal puzzle still remains, and the Chinese are unlikely to be as willing to fold."
Investors will not be able to look away over the coming week as every single day could produce significant market-moving news.
Trump said the EU will invest $600 billion in the U.S. and buy $750 billion of U.S. energy.
"The hurdle for the US to experience genuine capital flight is high and certainly wasn’t breached in April."
Unlike the Pentagon and a new weapons system that has blown through its budget, the Fed and its operations are funded differently.
Analysts at Bank of America said that the Japan deal "looks like a reasonable blueprint" for other auto-exporting countries like South Korea.
"Astronomer has gotten a lot of questions over the last few days, and they wanted me to answer the most common ones," she said.
After the first week of this earnings season, 73% of companies beat per-share profit estimates, above the first-week average of 68%, according to...
"Toward the end of the year, the housing market may become a bigger deal for inflation than tariffs," Comerica Bank chief economist Bill Adams said.
"A big tell is that many builders are delaying their land purchases from the land banks. New home sales, starts, and completions will soon fall."
On Tuesday, Federal Reserve Chairman Jerome Powell and Governor Michelle Bowman are due to speak at a banking conference.