data, albeit a bit stale from November, showed job openings jumped. That aligned with the recent rise in measures of business and consumer confidence. So why did stocks turn lower yesterday? The answer lies with the bond market.
The Bond Vigilantes aren't buying the Fed's esoteric narrative that the federal funds rate needs to be cut because the so-called neutral rate of interest is much lower than the prevailing 4.33%. What matters more to them is that inflation in the core services components of theand the PCED remains sticky well above 2.0%. Long-term yields may continue rising until the Fed acknowledges the economy’s strength and officially hits the FFR pause button .
We found them encouraging for AI broadly. Meta slipped after announcing a new board director in UFC CEO Dana White and changes to its fact-checking program on Facebook (NASDAQ:Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.