Author: Daniel Mercer
Daniel Mercer
Daniel has covered the ups and downs of Wall Street long enough to have a healthy skepticism of anyone claiming to predict them. A Midwesterner by upbringing, he moved to New York for an internship that turned into a career tracking the S&P, the Fed, and the retail investor boom that's scrambled a lot of old assumptions. He's a former college baseball player who still coaches a youth league on weekends. His sourcing style favors traders over talking heads.
NEW YORK, Sept 10 — Investors showed little enthusiasm after the U.S. Treasury announced a threefold increase in the size of its planned repurchase of long-dated government bonds, with market yields continuing to climb amid concerns over rising federal debt and deficits. The Treasury said it would purchase up to $6 billion of securities maturing between 10 and 20 years in its next buyback operation, compared with the previous $2 billion maximum. The move exceeded the $4 billion minimum Treasury Secretary Scott Bessent had indicated last month as officials sought to strengthen liquidity in longer-maturity government debt. The larger operation,…
WASHINGTON DC [Business Emerge]: U.S. stock futures moved lower on Tuesday as renewed conflict in the Middle East pushed oil prices sharply higher, adding to investor caution ahead of crucial inflation readings that could influence the Federal Reserve’s next policy decision. The market is entering a shortened trading week with attention firmly focused on fresh economic data. The Producer Price Index is due Thursday, followed by the closely watched Consumer Price Index on Friday. Investors are assessing whether the latest inflation figures will reinforce expectations for the Federal Reserve’s interest-rate path. Recent market moves have been particularly volatile as traders…
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