The Latest Breaking News from Cleveland Fed

The dollar index (DXY00 ) on Friday fell by -0.08%. The dollar Friday fell back slightly as T-note yields declined, weakening the dollar’s interest rate differentials. Also, dovish comments Friday from Philadelphia Fed President Harker and Cleveland Fed President Mester undercut the dollar when they said they favored the Fed...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -1.37%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.29%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.83%. Stocks on Tuesday sold off sharply, with the...

Positive expectations for June inflation data have boosted market sentiment, reflected in higher stock futures for Wednesday’s opening

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.24%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.62%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.06%. Stock indexes Monday settled mixed, with the Nasdaq 100...

The dollar index (DXY00 ) on Thursday fell by -0.09% on weaker-than-expected U.S. Philadelphia Fed, existing home sales, and leading indicators reports. Also, signs of weakness in the U.S. labor market undercut the dollar when weekly initial unemployment claims rose more than expected. However, the dollar recovered most of its...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.01%. Stock indexes Wednesday settled mixed. The broader market moved...

The dollar index (DXY00 ) on Wednesday rose by +0.31%. U.S. economic concerns Wednesday fueled safe-haven demand for the dollar after reports on Mar ADP employment and Mar ISM services disappointed. The dollar also garnered support on comments from Cleveland Fed President Mester, who said to put inflation on a...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.7% on Wednesday morning ahead of a critical consumer price index (CPI) inflation reading on Thursday morning.

With decades-high inflation becoming the new normal for 2022, investors are watching what the Fed's preferred inflation measure will show when October data is reported later this week.  On Thursday, The Bureau of Labor Statistics will release the Consumer Price Index report for the month of October.