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.
10h
Traders see another rate in December as likely after consumer and wholesale inflation this week were in line with ...
Core CPI, which excludes food and energy costs and is considered a better indicator of future prices, also matched estimates.
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.
Asian markets traded lower, while US stock market ended with losses overnight as the post-election rally fizzled amid ...
Greenlight Capital hedge fund manager David Einhorn expects inflation to spike again as a result of Donald Trump’s policies.
2don MSN
Still, the market indicates a 37.9% chance that the Federal Reserve will keep interest rates steady next month. Trump's ...
Super Micro Computer stock is tumbling another 8.5% in heavy volume after the server maker said it needs additional time to ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback