Finance
A trader works, as a screen broadcasts a news conference by Federal Reserve Chair Jerome Powell following the Fed rate announcement on the floor of the New York Stock Exchange on June 12, 2024. Brendan Mcdermid | Reuters Stock futures were flat in overnight trading Tuesday as Wall Street anticipated a long-awaited rate cut from…
Fed Chair Jerome Powell prepares to deliver remarks at a conference on Nov. 8, 2023, in Washington, D.C. The Fed is set to cut interest rates for the first time since 2001 on Wednesday — but will need to decide on the size of the move. Chip Somodevilla/Getty Images/Getty Images North America hide caption toggle…
Hennion & Walsh CIO Kevin Mahn sits down in-studio with Josh Lipton and Josh Schafer on Market Domination ahead of Wednesday’s expected interest rate cut, discussing why the utilities sector (XLU) stands out in a changing rate environment. Utilities are “generally known for paying attractive dividend yields” and as interest rates come down, “these high…
The dollar fell, resuming this month’s downtrend, as traders debated the size of a potential Federal Reserve interest-rate cut later Wednesday. Japanese shares rose. Bloomberg’s dollar index dropped for the fifth time in six days as market-implied odds put the chance of a half-point Fed rate cut Wednesday at just over 50%. The central bank…
Dow Jones futures edged higher after hours, along with S&P 500 futures and Nasdaq futures. The Federal Reserve interest-rate decision, rate-cut outlook and Fed chief Jerome Powell’s press conference loom Wednesday. The stock market rally started off Tuesday solidly, with the S&P 500 joining the Dow Jones in new high ground. But the key indexes…
Traders work on the floor of the New York Stock Exchange during morning trading on September 04, 2024 in New York City. Michael M. Santiago | Getty Images Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it…
Kiyoshi Ota | Bloomberg | Getty Images Asia-Pacific markets opened mixed on Wednesday, following gains on Wall Street that saw both the S&P 500 and the Dow Jones Industrial Average reach new highs. Investors await the Federal Reserve’s rate decision due Wednesday stateside, and will also assess economic data from Japan as well the Indonesian central…
All the debate about the upcoming Fed meeting centers around whether Chair Jay Powell will cut the funds rate by 25 or 50 basis points. However, most economic models indicate that he should be choosing the level of the Fed Funds rate that best fits economic conditions and not its rate of decline from very…
Retail sales experienced an unexpected uptick in August, indicating more robust consumer demand as economic concerns continue to dog Kamala Harris’s campaign trail. The retail sales data, published monthly by the U.S. Census Bureau, tracks the total revenue generated by retail and food establishments across the United States. On a month-by-month basis, retail sales in…
If Robert Kaplan still had a say in the matter, he’d be pushing for a half percentage point interest rate reduction at this week’s Federal Reserve meeting. The former Dallas Fed president told CNBC on Tuesday that making the bolder move of 50 basis points would better position policymakers heading into the latter part of…