The Fed gives an update on interest rates every month or two. But what investors think the central bank will do next can shift in less than a day. This week is a great example. Heading into Tuesday, investors were pricing in a 70% chance of an October rate hike. But then, in the afternoon,
When the US consumer is weakening, Walmart is usually one of the last dominoes to fall. When economic conditions get tough, low-income shoppers rely on it even more. It’s also become a destination for higher-income consumers looking to cut costs. That’s what made Walmart’s first comparable-sales loss in six years particularly hard to swallow on