Reaction

Did the stock market 'misinterpret' Fed again? What strategists say about the reaction to the July minutes

Did the stock market ‘misinterpret’ Fed again? What strategists say about the reaction to the July minutes

Stock-market participants were too quick to price in a “less hawkish” U.S. monetary policy outlook, based on the minutes, published Wednesday, of the Federal Reserve’s meeting in July, at which policy makers hiked the benchmark interest rate by 75 basis points, some analysts argue. U.S. stocks struggled to find direction on Thursday morning. The S&P …

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“Inflation Forecasts Aren’t Worth the Paper They’re Written on”: This Is about the Bank of Canada’s Reaction to Inflation, But it’s the Same in the US and Everywhere

“Inflation Forecasts Aren’t Worth the Paper They’re Written on”: This Is about the Bank of Canada’s Reaction to Inflation, But it’s the Same in the US and Everywhere

“Why the current tightening cycle is unlike anything we’ve observed in the past.” By Wolf Richter for WOLF STREET. When Canada’s Consumer Price Index for May was released a couple of days ago, it was – “as expected,” I would say – a lot lot worse than expected, and exceeded once again by a huge margin the inflation …

“Inflation Forecasts Aren’t Worth the Paper They’re Written on”: This Is about the Bank of Canada’s Reaction to Inflation, But it’s the Same in the US and Everywhere Read More »

Reaction: PS Plus’ Revamp Is Hours Away, But Sony Still Has a Game Pass Problem

Reaction: PS Plus’ Revamp Is Hours Away, But Sony Still Has a Game Pass Problem

Microsoft did its big annual E3 shindig today. Of course, it’s not E3 because that’s in a graveyard somewhere being pointed at by industry know-it-all Jeff Grubb. But unlike Sony, the Team in Green has decided to retain its Sunday evening summer showcase slot, so if you ignore the fact this was a pre-recorded livestream …

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