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"There is a very high chance the Fed ends up cutting rate towards ... the end of next year," Unicredit's Erik Nielsen tells CNBC.
A multitude of factors conspired to generate the stock market's worst first-half since 1970, but they all emanated from one word: inflation.
Federal Reserve Chair Jerome Powell vowed Wednesday that policymakers would not allow inflation to take hold of the U.S. economy over the longer term.
Federal Reserve Chairman Jerome Powell vowed Wednesday that policymakers would not allow inflation to take hold of the U.S. economy over the longer term.
RBC Capital Markets' top banking analyst Gerard Cassidy expects strong revenue growth and optimism surrounding credit will boost banks.
European stocks closed sharply higher on Friday to end a volatile week, as investors assessed inflation and fears of a possible economic recession.
Oil prices have been dropping in the past month despite a market that's still tight, while Europe's tensions with Russia are keeping energy supply on a leash.
Oil and bond yields fell on Wednesday, relieving some pressure they've given stocks lately.
Growing fears of an economic recession continued to weigh on Wall Street.
After a brutal week for markets, Fed Chair Jerome Powell will testify before Congress about the central bank's increasingly aggressive plan to fight inflation.
The Federal Reserve suddenly finds itself second-guessed as it tries to navigate the economy through inflation and away from recession.
The trouble is, the Fed's likely to get a recession anyway as data shows the economy is a far cry from stable.
S&P 500 rises slightly Friday, but still posts worst week since 2020.
Federal Reserve Chairman Jerome Powell on Friday reiterated the central bank's commitment to bringing down inflation.