No one’s work promoted the term “political business cycle” and the idea of incumbent politicians manipulating the economy for the retention of political power more than William Nordhaus.
Powell avoided naming stagflation but outlined its ingredients—rising inflation and unemployment—and linked these risks to tariff policies. The Fed is clearly signaling that tariff relief is essential for monetary easing.
A country’s largest trading partners play a pivotal role in shaping its economic stability, currency strength, and market potential—all of which influence investor sentiment.
Clinical research company Medpace Holdings (NASDAQ:MEDP) announced better-than-expected revenue in Q1 CY2025, with sales up 9.3% year on year to $558.6 million. The company’s full-year revenue guidance of $2.19 billion at the midpoint came in 2% above analysts’ estimates. Its GAAP profit of $3.67 per share was 20.8% above analysts’ consensus estimates.
Aerospace and defense company Hexcel (NYSE:HXL) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 3.3% year on year to $456.5 million. The company’s full-year revenue guidance of $1.92 billion at the midpoint came in 3.4% below analysts’ estimates. Its non-GAAP profit of $0.37 per share was 12.4% below analysts’ consensus estimates.
Steel wire manufacturer Insteel (NYSE:IIIN) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 26.1% year on year to $160.7 million. Its non-GAAP profit of $0.55 per share was 90% above analysts’ consensus estimates.
