Jul 17 · 16:00 ET · 04:00+1 UTC+8After-hoursBenzinga · SNDK/WDC/IBM
Inflation Broke Lower, The AI Trade Broke with It: The Week on Wall Street
Technology stocks fell 5.9% this week and IBM posted its worst day on record, even as June inflation cooled to 3.5%. Here is what drove the AI selloff.
cpiaitechnologyriskPrice at publishQQQ 695.30 / -1.51%SPY 743.23 / -1.00%
President of the Federal Reserve Bank of Kansas City: Inflation is overheating and has remained above target for too long.
Kansas City Fed President Schmid stated that inflation is his primary concern at present, and the risk of further acceleration in inflation over the coming months remains. He cautioned that although June’s inflation data came in better than expected, it is 't…
cpifomcjobs-reportriskPrice at publishQQQ 705.12 / -1.76%SPY 750.00 / -0.64%
Jul 16 · 13:19 ET · 01:19+1 UTC+8RegularBenzinga · SPY
Fed's Logan Calls For 'Modestly Higher' Policy Rate; Says 'Modestly Higher' Interest Rates Would Better Balance Outlook, Risks; It's Time To Finish The Job Of Restoring Price Stab…
Fed's Logan Calls For 'Modestly Higher' Policy Rate; Says 'Modestly Higher' Interest Rates Would Better Balance Outlook, Risks; It's Time To Finish The Job Of Restoring Price Stability; One Month Of Lower CPIInflation Is 'Not Enough'; Some Policy Restriction…
cpifomcriskinflationPrice at publishQQQ 707.73 / -1.39%SPY 752.31 / -0.33%
Federal Reserve Governor Cook: Inflation risks have now outweighed employment risks, and action will be taken if inflation does not subside.
Federal Reserve Governor Cook warned that the AI investment boom, combined with supply shocks from tariffs and Middle East conflicts, is tipping inflation risks above employment risks. Although the June CPI declined month-over-month for the first time in six…
cpifomcairiskPrice at publishQQQ 717.20 / -0.35%SPY 754.62 / +0.37%
Jul 15 · 13:11 ET · 01:11+1 UTC+8RegularBenzinga · SPY
Fed's Cook Says It Is Prudent To Wait 'a Bit More Time' For Inflation To Slow, But She Is Prepared To Act If It Does Not Occur 'Soon'; Since Last Summer There Has Been 'A Notable…
Fed's Cook Says It Is Prudent To Wait 'a Bit More Time' For Inflation To Slow, But She Is Prepared To Act If It Does Not Occur 'Soon'; Since Last Summer There Has Been 'A Notable Shift' In Risk Towards Higher Inflation And Away From The Job Market, Which Appe…
cpifomcriskinflationPrice at publishQQQ 714.09 / -0.78%SPY 752.23 / +0.05%