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October Inflation Rate Rises To 2.6% As Expected: December Interest Rate Cut Remains Uncertain (UPDATED)
2024 Nov 13, 9:04am | 514Editor’s note: This story has been updated with additional details. After six consecutive months of easing, the annual inflation rate, as measured by the Consumer Price Index (CPI), reversed course in October, climbing to 2.6% as expected. This outcome casts doubt on the disinflationary...
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Mohamed El-Erian Says Rising Bond Yields Driven By Pro-Tariff Administration Picks And Expected Bond Issuance Surge
2024 Nov 13, 8:52am | 772The U.S. Treasury yields have priced in the expectations of higher Consumer Price Inflation as the two-year bonds declined, with the yields rising to 4.34%, on Tuesday. These yields have risen the most since July 2024, as per Bloomberg. The ten-year yields followed and rose to 4.40% as well. Few...
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S&P 500, Dow Futures Dip As Investors Brace For Key Inflation Data: Expert Says 'Strong Productivity' Will Cap Inflation Despite Fed's Rate Cuts
2024 Nov 13, 6:31am | 1346U.S. stocks could open on a negative note on Wednesday after the averages scaled record highs last week. Futures of all three major indices were slightly down as investors await the crucial Consumer Price Index (CPI) print scheduled to be released on Wednesday. Nasdaq, S&P 500, and Dow Jones...
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Fed's Kashkari Warns Of December Interest Rate Pause Risk: 'Surprises To The Upside'
2024 Nov 12, 4:06pm | 857Minneapolis Fed President Neel Kashkari said Tuesday the Federal Reserve could hold off on an interest rate cut in December if inflation data comes in hotter than expected. In an interview with Yahoo Finance, Kashkari also shared his views on inflation, the labor market and the potential effects...
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Wall Street Veteran Predicts S&P 500 To Hit 10,000 By 2029: 'Roaring 2020s'
2024 Nov 12, 3:29pm | 798In a bold projection that's sure to grab attention, veteran Wall Street strategist Ed Yardeni is calling for the S&P 500 index to soar to 10,000 by the end of the decade due to a “Trump 2.0” boost after Donald Trump's recent election victory. Yardeni, a longtime market analyst,...
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Trump-Led Market Honeymoon Faces Crucial Test With Wednesday's Inflation Data
2024 Nov 12, 1:31pm | 758Risk assets have surged since Donald Trump's 2024 presidential win, fueled by investor optimism for tax cuts and renewed hopes of financial sector deregulation. Yet, markets may face a reality check on Wednesday when October inflation data is released, as signs of lingering price pressures could...
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Trump Vs. Powell: Dec. 18 Fed Meeting Sets Stage For New Tensions
2024 Nov 12, 8:40am | 1123Investors should brace for potential fireworks, as the sequel to the Trump-vs-Powell drama may soon be underway as the Federal Reserve holds its final meeting of 2024 on Dec. 18, 2024. President-elect Donald Trump is set to take office in January 2025, and Wall Street is wondering whether he'll...
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Wall Street Futures Show Weakness As Investors Look To Lock In Gains After Strong Post-Election Rally: 'Bull Market Sentiment Remains Intact,' Says Wharton Economist
2024 Nov 12, 6:41am | 1216U.S. stocks could open on a negative note on Tuesday after the averages scaled record highs last week. Futures of all three major indices were slightly down on Tuesday, pointing to a cautious sentiment on Wall Street. The three major indices surged over 4% last week after the GOP sweep and the...
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US Stocks Likely To Open Higher After Registering Best Week Of Year Following Trump Win: Markets Still Have Juice Left As Investors Eye CPI Data, Says Expert
2024 Nov 11, 5:29am | 1334U.S. stocks could get off to a positive start on Monday after the averages registered their best week this year following the reelection of Donald Trump. After witnessing heightened volatility in the run-up to the high-voltage 2024 presidential elections, and the Federal Open Market Committee's (...
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Trump's Win Sends Wall Street To Record Highs; Small Caps, Tesla Outperform, Fed Cuts Interest Rates: This Week In The Market
2024 Nov 08, 4:18pm | 602Donald Trump‘s election as the 47th president of the United States sent Wall Street into a frenzy, driving major stock indexes to once again break record highs. Investors are betting that Trump’s potential policies — such as lower corporate and individual taxes, coupled with...
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Powell Brushes Off Trump's Removal Threat: Economists Say 2026 Could Be His Last Stand
2024 Nov 08, 11:21am | 908The re-election of Donald Trump has reignited one of the most contentious debates among investors: Can the president-elect remove Federal Reserve Chair Jerome Powell? Trump has been critical of Powell's handling of interest rates since appointing him in 2018, and many have speculated that a Trump-...
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Fed Cuts Interest Rates, But Inflation Remains Elephant In The Room
2024 Nov 08, 8:34am | 471The Fed's widely anticipated 25 basis point rate cut on Thursday left investors with a sense of relief – but not certainty. According to JPMorgan analyst Maia G Crook. While Federal Reserve Chair Jerome Powell acknowledged the U.S. economy's resilience, inflation remains a nagging issue. In the...
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Obama-Era Economist Jason Furman Warns Fed's Inflation Outlook May Be Too Optimistic — Peter Schiff Slams Powell's Strategy Amid National Debt Concerns
2024 Nov 07, 9:28pm | 766Leading economists offered contrasting views on Thursday after the Federal Reserve’s 25-basis-point rate cut, with some warning of persistent inflation risks while others supported the central bank’s gradual easing approach. What Happened: Jason Furman, a key figure in 44th U.S....
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Wall Street Hits Record Highs After Powell's Speech, Lifts Magnificent 7 Stocks To $17 Trillion In Historic Trading
2024 Nov 07, 4:51pm | 1039The U.S. stock market closed at record highs Thursday after the Federal Reserve's widely expected decision to lower interest rates and Fed Chair Jerome Powell's press conference where he reassured markets by dismissing concerns about his potential resignation or removal following the election of...
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Powell Dismisses Talk Of Resignation After Trump Victory, Says 'Policy Is Still Restrictive'
2024 Nov 07, 4:06pm | 600Federal Reserve Chair Jerome Powell firmly dismissed speculation Thursday over his potential resignation or removal upon Donald Trump‘s return to the White House, stating the president cannot legally fire the central banker. At the press conference following the Federal Reserve’s...