Stocks drifted higher leading into the shortened trading week that includes the Thanksgiving holiday. The Dow Jones Industrial Average (^DJI) gained nearly 2% for the week while the S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) added over 1.5%. In the week ahead, a fresh reading on the Fed’s preferred inflation gauge, the Personal Consumption…
Federal Reserve Chair Jerome Powell said the recent performance of the US economy has been “remarkably good,” giving central bankers room to lower interest rates at a careful pace. “The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said Thursday in Dallas. “The strength we…
US inflation remained firm in October, underscoring the ongoing risks Federal Reserve officials face in trying to bring price pressures fully under control. The so-called core consumer price index — which excludes food and energy costs — increased 0.3% for a third month, Bureau of Labor Statistics figures showed Wednesday. Over the last three months…
October’s annual inflation rate may have ticked up for the first time in seven months, suggesting the period of steady price declines could be stabilizing after more than two years of gradual cooling. Donald Trump’s election victory has introduced significant uncertainty about future inflation trends and how the Federal Reserve might respond if inflation picks…
Forecasters expect a monthly report on US consumer prices to show a third month of firm underlying inflation, keeping the pace of Federal Reserve interest-rate cuts in the coming months up for debate. The so-called core consumer price index that excludes food and energy is seen rising 0.3% in October while the overall index advanced…
All three major indexes pressed to record highs after Donald Trump won the 2024 presidential election. For the week, the S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) rose more than 4.5%, while the Nasdaq Composite (^IXIC) rose nearly 6%. In the week ahead, a fresh reading on inflation and retail sales will…
China’s consumer inflation was anemic in October while factory-gate prices continued falling, suggesting the government’s latest round of stimulus is far from sufficient to free the economy from the grip of deflation. The consumer price index rose 0.3% from a year earlier, the National Bureau of Statistics said Saturday, compared with a 0.4% gain in…
‘The price is hard to swallow’: Robert Kiyosaki cringes as he pays $14 for an egg salad sandwich, warns of ‘everything bubble’ and ‘major stock market crash.’ What he likes for protection We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The bullish euphoria that came from the possibility of a quick return to neutral rates after the Fed’s 50 basis point cut in September has faded. But it’s been swapped with a different…
BEIJING (Reuters) -China’s consumer inflation unexpectedly eased in September, while producer price deflation deepened, heightening pressure on Beijing to roll out more stimulus measures quickly to revive flagging demand and shaky economic activity. Finance Minister Lan Foan told a news conference on Saturday there will be more “counter-cyclical measures” this year, but officials did not…