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Jobs Fell, Stocks Hit Records: The Week the Hike Case Collapsed
July payrolls dropped 23,000 and the S&P closed at a record the same day, while a Hormuz breakthrough sent oil down 9 percent. Here is how the seven markets moved and why.
How the Fed Affects the Stock Market: The Transmission Mechanism
The Fed changed nothing on July 29. The Dow still fell 1,100 points. Here are the five channels through which Fed policy actually reaches share prices.
A Divided Fed Holds as Three Officials Vote to Hike
The FOMC held rates 9 to 3 with no forward guidance, Japan intervened to defend the yen, and oil closed July up 20 percent. Here is how the seven markets moved and why.