Fed Chair Signals No Rate Cuts in May on Heels of Latest Inflation Data
Federal Reserve Chairman Jerome Powell was clear in new remarks Tuesday that the central bank has no intention of cutting rates until the U.S. makes sustained progress in bringing down inflation. The Fed chief.....»»
Not Only No Labor Shortage, Latest Labor Market Data Is Closer To Rate Cuts
Not Only No Labor Shortage, Latest Labor Market Data Is Closer To Rate Cuts.....»»
Stocks, Bonds, & Bullion Slammed As Powell Pivots "Transitorily" Hawkish
Despite his best efforts, Fed Chair Powell managed to spoil the party with his use of one of The Fed's favorite words - "transitory" - signaling that expectations for rate-cuts predicated on inflation staying low are perhaps not.....»»
Wall Street lifted by latest benign inflation data
U.S. stocks rose broadly on Wednesday with the S&P 500 index hitting a five-month high, after latest data backed the Federal Reserve's patient stance on future interest rate hikes......»»
The Fed: Fed will make 4 rate hikes this year, economists say after latest GDP, ECI reports
The latest U.S. GDP and ECI data show inflation in rising pretty rapidly now, and the Fed will respond by moving rates up 4 times this year, analysts said......»»
Currencies: Dollar edges back for second day, with U.S. inflation data on deck
The U.S. dollar edged back Thursday as the British pound strengthened before the Bank of England unveils its latest rate decision. Data on U.S. consumer price inflation for April is due......»»
Metals Stocks: Gold holds near $1,200 as inflation data do little to sway Fed expectations
Gold futures make modest moves on Wednesday, finding support from some weakness in the dollar, though a decline in the latest wholesale inflation data did little to sway expectations for further Federal Reserve interest-rate hikes......»»
Metals Stocks: Gold’s climb sets prices up for highest finish in 2 weeks
Gold futures move solidly higher on Wednesday, buoyed by a weaker dollar, even as a decline in the latest wholesale inflation data did little to sway expectations for further Federal Reserve interest-rate hikes......»»
Oil rebounds after long plunge, dollar weaker after inflation data
Oil prices rebounded on Wednesday on hopes for output cuts after a steep drop a day earlier, while the dollar held losses against a basket of currencies following data showing U.S. inflation increased at a rate in line with expectations......»»
Bank Of America: "Powell Has Boxed Himself Into A Corner"
A little under a month ago we explained why, with the Fed Chair having capitulated to the market, pausing the tightening cycle and with rate cuts now imminent even as inflation continued to rise, "Powell May Not Know It Yet, .....»»
3 Large-Cap Growth Funds to Buy as Inflation Cools in April
Inflation has been a major concern lately as uncertainty has been growing over the Federal Reserve's timing of rate cuts. However, much to consumers' relief, inflation finally eased in April after moving north in the first months of the year. read more.....»»
Stock market today: Dow closes above 40,000 for the first time as latest inflation data fuels big weekly gains
The Dow clinched a record it had been flirting with for days, topping 40,000 for the first time as April's CPI helped push stocks higher for th.....»»
Mortgage Interest Rates Today, May 17, 2024 | Rates Trending Lower After Latest Read on Inflation
These are today's mortgage and refinance rates. Mortgage rates are down in response to cooling inflation data, and they could fall further later this year. .....»»
Interest-rate cuts could be coming this fall, adding another wrinkle to an election set to focus on the economy
Inflation is cooling just in time for a US presidential election that will li.....»»
Expect Rate Cuts, Not Recession: Fund Managers Most Bullish On Stocks In Over 2 Years
Optimism in stock market hit a near three-year high due to expected lower interest rates revealed in Bank of America's latest survey. read more.....»»
Tech Stocks Inch Higher Ahead Of Key Inflation Data, GameStop Skyrockets, Tencent Fuels China Rally: What"s Driving Markets Monday?
Wall Street kicked off a data-heavy week on a mixed note as traders await key inflation updates and remarks from Fed Chair Jerome Powell in the coming days. read more.....»»
Buy stocks in May because inflation is set to plunge through the rest of 2024, Fundstrat"s Tom Lee says
Inflation is set for a dramatic decline that will pave the way for Fed rate cuts, Fundstrat's Tom Lee said. Photo by Cindy Ord/Getty Images for Yahoo The stock market presents a buying opp.....»»
Wall Street Inches Up After Powell"s Inflation Remarks; Chipmakers Rebound; Gold, Crude Falter: What"s Driving Markets Thursday?
U.S. stock markets surged during Thursday’s midday trading session in New York, with major averages all showing gains. Trader sentiment rebounded thanks to positive signals from corporate earnings and relief after Fed Chair Jerome Powell dismi.....»»
Fed Holds the Line, Leaving Rates Unchanged in Ongoing Inflation Fight
The Federal Open Market Committee (FOMC) maintained the target range for the federal funds rate on Wednesday following hotter-than-expected inflation and employment cost data. In its familiar refrain, the central bank left the fe.....»»
Jim Cramer Says Don"t Doubt Fed Chair Powell"s Assurance Of No Rate Hike, "He"s Been Consistent The Whole Time"
Jim Cramer, the host of CNBC's "Mad Money," has advised investors to trust Federal Reserve Chair Jerome Powell's recent statement that a rate hike is unlikely, despite ongoing inflation concerns. read more.....»»
The economy needs to take one of these 2 paths before the Fed cuts interest rates, Powell says
While Fed Chair Jerome Powell said interest rate hikes are "unlikely," he needs more confidence in inf.....»»