Stocks Rise, U.S. Bond Yields Ease Ahead Of Powell's Jackson Hole Speech, NYC leads US Apartment Deliveries, Which Are Forecast To Hit A 50-Yr High, Powell Says Fed is Resolved to Fight Inflation Even if it Brings Economic Pain followed by

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Stocks Rise, U.S. Bond Yields Ease Ahead Of Powell's Jackson Hole Speech

We're in a period of time between the end of the second-quarter earnings season and meaningful additional data from the Federal Reserve. Markets are churning a bit with a reasonably low level of volatility," said Bill Northey, senior investment director at U.S. Bank Wealth Management in Minneapolis. (Full story)

NYC leads US Apartment Deliveries, Which Are Forecast To Hit A 50-Yr High

Apartment deliveries are approaching a 50-year high nationwide, according to a report by RentCafe. The report, which leans on data from Yardi Matrix’s algorithm and centers on certificates of occupancy being issued, projects that 420,000 apartment units will be delivered this year. (Full Story)

Powell Says Fed is Resolved to Fight Inflation Even if it Brings Economic Pain

Unemployment may be higher and the economy may grow more slowly. But Powell warned the alternative — allowing high inflation to continue unchecked — would be worse. "Without price stability, the economy does not work for anyone," he said. Additional rate hikes are expected, including at the next Fed meeting in September. (Full Story)

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Stocks Rise, U.S. Bond Yields Ease Ahead Of Powell's Jackson Hole Speech, NYC leads US Apartment Deliveries, Which Are Forecast To Hit A 50-Yr High, Powell Says Fed is Resol...

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