Tag: DOW (INDEX:DJI)

Hello MarketClub members everywhere. Once again the U.S. economy was sluggish in the spring, dashing expectations for a strong rebound after a tough winter. Stronger consumer spending was offset by weakness in housing construction and a big slowdown in the pace that businesses restocked store shelves.

The Commerce Department said Friday that the GDP grew at a 1.2% annual rate in the April-June quarter. That was far below the 2.6% GDP growth rate that economists had been forecasting.

The government also revised its estimate of first-quarter growth down to 0.8% from the previously reported 1.1%. That makes three straight quarters in which the economy has grown at a lackluster rate.

Key levels to watch next week: Continue reading "Dollar Falls As U.S. GDP Disappoints" →

Global stocks rose as Apple's results lifted technology shares, while the Yen dropped after the prime minister had signaled he was committed to a $265 billion stimulus package. Here in the U.S, Treasuries and stocks are little changed as investors await the Federal Reserve's latest assessment of the economy.

All signs point to The U.S. Federal Reserve keeping interest rates on hold today, but investors will be looking for hints about the Feds next move.

The next move is still seen as an increase in rates. But even as concerns over Brexit ease the U.S. election is drawing closer, likely pushing back action towards the end of the year and possibly limiting the Fed to a single hike in 2016, a far cry from its early-year estimate for four moves.

Key levels to watch this week: Continue reading "Decision Day For The Federal Reserve" →