These are the stocks posting the largest moves before the bell.
Steve Hanke says we’re going to have one ‘whopper’ of a recession in 2023
“The problem we have is that the [Fed Chair Jerome Powell] does not understand … what the causes of inflation are and were,” said the Johns Hopkins professor.
Worst is yet to come: Economist Stephen Roach says U.S. needs ‘miracle’ to avoid recession
Stephen Roach, known for serving as Morgan Stanley Asia chair, warns the Fed’s aggressive tightening policies haven’t kicked in yet.
Mortgage rates will fall to 4.5% in 2023? That’s the estimate from Fannie Mae. Here’s what that means for homebuyers
Fannie Mae says mortgage rates could fall to 4.5% next year. But prospective homebuyers shouldn’t use predictions as a primary guide to purchase decisions.
Fed rate hikes won’t bring down inflation as long as government spending stays high, paper says
A paper released at the same Jackson Hole, Wyoming summit where Powell spoke suggests that the Fed can’t do the job itself.
Stocks making the biggest moves midday: Netflix, Pinduoduo, Catalent, Bristol-Myers and more
These are the stocks posting the largest moves in midday trading.
Here’s what’s next for stocks after Powell’s Jackson Hole speech
Let’s wait for two events: the economic data and the conferences, says CNBC’s Bob Pisani.
Op-ed: September is historically the worst month of the year for stocks, but recent strength suggests the market could buck the trend
It’s reasonable to expect a better-than-usual September, typically the worst month for stocks. Much of the annual de-risking took place earlier in the year.
Bitcoin drops below $20,000 to lowest level since mid-July as investors dump risk assets
Investors fled risk assets after the Federal Reserve affirmed its commitment to an aggressive tightening path.
Stocks making the biggest moves premarket: Catalent, Pinduoduo, Netflix and others
These are the stocks posting the largest moves before the bell.