Matt Grossman

New York

Economics Reporter at The Wall Street Journal

Economics Reporter at Dow Jones Newswires

Economics reporter, WSJ/DJN

Articles

Dow, S&P 500, Nasdaq Open Higher on Trump-Xi Trade Talks; Broadcom, MongoDB, Tesla, More Movers

1 day ago | barrons.com | Connor Smith |Karishma Vanjani |Matt Grossman |George Glover

Gold prices rose on the back of weaker labor market data, but soon gave back much of those gains. Gold futures for June delivery were around $3,390 after initial claims for unemployment benefits exceeded markets' expectations. More people filing for unemployment paints a sour picture of the economy and pushes investors to safer investments, like gold. Gold prices have now moderated, but still remain at the edge of marking a new record high.
U.S. Construction Spending Fell in April

4 days ago | tradingview.com | Matt Grossman

U.S. Construction Spending Fell in AprilUSCONSTSThe pace of spending on construction in the U.S. declined in April, the Commerce Department said Monday, the second straight month that funds put into building declined. Construction spending slipped to a $2.152 trillion annualized rate in April, down from $2.162 trillion in March, or a drop of 0.4%. Economists polled by The Wall Street Journal were forecasting a 0.2% increase.
Fed’s Waller Highlights a Path to 2025 Rate Cuts

4 days ago | wsj.com | Matt Grossman

New trade barriers are likely to push up prices in the short term, Waller saidJune 1, 2025 8:17 pm ET|WSJ ProA short-lived bump in tariff-driven inflation could pass quickly enough to allow U.S. interest-rate cuts later this year, especially if tariffs themselves ease, Federal Reserve governor Christopher Waller said. New trade barriers are likely to push up prices in the short term, Waller said in a speech at a conference in Seoul, South Korea, on Monday morning local time.
Fed's Waller Highlights a Path to 2025 Rate Cuts

4 days ago | tradingview.com | Matt Grossman

Fed's Waller Highlights a Path to 2025 Rate CutsA short-lived bump in tariff-driven inflation could pass quickly enough to allow U.S. interest-rate cuts later this year, especially if tariffs themselves ease, Fed governor Christopher Waller said. New trade barriers are likely to push up prices in the short term, Waller said in a speech at a conference in Seoul, South Korea Monday morning local time.
The Fed’s Targeted Inflation Rate Eased in April

6 days ago | wsj.com | Matt Grossman

Consumer prices increased by 0.1% last month according to the PCE price indexThe Fed’s preferred gauge of consumer prices ticked up just slightly in April, a modest increase that lowered the 12-month inflation rate. Consumer prices increased by 0.1% last month according to the personal-consumption-expenditures price index, the Commerce Department said Friday. That brought the index’s 12-month increase to 2.1% through April, down from 2.3% through March and even closer to the Fed’s 2% target.
Goods Trade Deficit Plummets in April

1 week ago | wsj.com | Matt Grossman |Anthony DeBarros

The U.S.'s trade deficit for goods shrank substantially in April, as new tariffs weighed on imports. Goods imports fell by 20% to $276.1 billion, while exports rose 3.4% to $188.5 billion, the Commerce Department said. It was the biggest one-month drop in goods imports on record. That yielded a goods trade deficit of $87.6 billion, down from $162.3 billion in March.
Fed's Targeted Inflation Rate Eased in April

1 week ago | tradingview.com | Matt Grossman

Fed's Targeted Inflation Rate Eased in AprilPIUSPIThe Fed's preferred gauge of consumer prices ticked up just slightly in April, a modest increase that lowered the 12-month inflation rate. Consumer prices increased by 0.1% last month according to the personal-consumption-expenditures price index, the Commerce Department said Friday. That brought the index's 12-month increase to 2.1% through April, down from 2.3% through March and even closer to the Fed's 2% target.
Dow, S&P 500, Nasdaq Rise After Nvidia Earnings, Trump Tariffs Ruling; Tesla, GameStop, Apple, and More Movers

1 week ago | barrons.com | Connor Smith |Paulo Trevisani |Matt Grossman |Brian Swint

The stock market’s early-morning rally ran into a wall prior to the market’s open. “It’s all about holding onto the bulk of the gains that started last night and extended into premarket trading today,” Frank Cappelleri, founder of technical analysis firm CappThesis told Barron’s. “There are still bullish patterns in play, and it’ll be important to see if those hold in the coming days.”Cappelleri says he sees two bullish patterns in play with targets for the index of 6125 and 6555.
U.S. Jobless Claims Rose Last Week

1 week ago | wsj.com | Matt Grossman

Within a week, 240,000 people newly filed for unemployment benefits, compared with 226,000 the week prior. More people newly filed for unemployment claims last week, according to the Department of Labor, a larger uptick than expected but one that still kept the claims tally within its recent range. In the week through May 24, 240,000 people newly filed for unemployment benefits, compared with 226,000 the week prior.
U.S. Jobless Claims Rose Last Week

1 week ago | tradingview.com | Matt Grossman

U.S. Jobless Claims Rose Last WeekUSIJCMore people newly filed for unemployment claims last week, according to the Department of Labor, a larger uptick than expected but one that still kept the claims tally within its recent range. In the week through May 24, 240,000 people newly filed for unemployment benefits, compared with 226,000 the week prior. Economists polled by The Wall Street Journal had been forecasting 230,000 initial claims.