Stock market's big rally, inflation could mean Fed has only one rate cut left before a pause, says CIO
Wednesday's inflation reading, while ticking up to a 2.6% yearly rate as expected, continues to hold above the Federal Reserve's 2% target. Combining that with the easing of financial conditions on the heels of a powerful rally in the stock market in early November could drive the Fed to cut rates only one more time before taking a pause,
Comments from Jerome Powell could set the tone for rate cuts as the market assesses the impact of a Republican sweep in D.C.
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Traders see another rate in December as likely after consumer and wholesale inflation this week were in line with ...
Inflation became a major flashpoint issue in the 2024 election, with upset about the economy and consumer prices credited ...
The dollar is trading at a near two-year high. Follow along for live updates on stocks, bonds and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Core CPI, which excludes food and energy costs and is considered a better indicator of future prices, also matched estimates.
Gift Nifty was trading around 23,630 level, a discount of nearly 28 points from the Nifty futures’ previous close, indicating ...
Greenlight Capital hedge fund manager David Einhorn expects inflation to spike again as a result of Donald Trump’s policies.
The Trump trade was largely extended on Monday, with shares of Tesla, bitcoin, the US dollar, and US bank stocks all surging.
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