Investors are counting down to the Federal Reserve’s Sept. 17 monetary policy decision; markets expect a quarter-point rate cut that could trigger short-term volatility but potentially fuel longer-term gains across risk assets. The economic backdrop highlights the Fed’s delicate balancing act. According to the latest CPI report released by the U.S. Bureau of Labor Statistics…
Traders work on the floor of the American Stock Exchange. (Bloomberg) — A $14 trillion rally that has taken stocks to record highs is heading for an inflection point next week, with investors expecting the Federal Reserve to resume cutting interest rates at its long-awaited monetary policy meeting. Most Read from Bloomberg The S&P 500…
Consumer sentiment slipped more than expected in September as Americans worried over the effects of Trump’s tariffs. University of Michigan’s consumer sentiment survey released Friday showed the headline consumer sentiment index came in at 55.4 for the month, a lower reading than the 58 projected by economists polled by Bloomberg and down from 58.2 in…
By Purvi Agarwal and Shashwat Chauhan (Reuters) – U.S. stock index futures were slightly higher on Thursday as investors refrained from making large bets ahead of crucial inflation numbers that are likely to influence the Federal Reserve’s monetary policy path. A reading of consumer prices is due at 8:30 a.m. ET, with inflation expected to…
Data showig a fall in producer prices last month came ahead of key consumer figures due Thursday and boosted rate cut hopes (Frederic J. BROWN) Asian equities mostly rose Thursday as investors built on this week’s rally after US data ramped up expectations for a string of interest rate cuts. Markets have enjoyed a healthy…
By Gregor Stuart Hunter SINGAPORE (Reuters) -The dollar stabilised in early Asian trading hours on Thursday after an unexpected drop in U.S. factory-gate prices bolstered expectations the Federal Reserve will cut rates next week and traders awaited U.S. consumer price data due later in the day. The dollar index nudged upwards to 97.822, rising for…
TOKYO (AP) — Asian shares mostly rose in early Wednesday trading, echoing record rallies on Wall Street after the latest update on the job market bolstered hopes the U.S. Federal Reserve will cut interest rates. Japan’s benchmark Nikkei 225 gained 0.5% in morning trading to 43,684.29. Australia’s S&P/ASX 200 added 0.2% to 8,824.20. South Korea’s…
A federal Judge on Tuesday ruled that Lisa Cook can remain in her role on the Federal Reserve’s Board of Governors while her lawsuit challenging President Trump’s attempt to fire her from her post plays out. “President Trump has not stated a legally permissible cause for Cook’s removal,” U.S. District Judge Jia Cobb, who was appointed…
US stock futures nudged up on Tuesday as investors eyed the prospects for interest-rate cuts ahead of marquee inflation readings later in the week, with Apple’s (AAPL) annual iPhone event in closer view. Futures attached to the Dow Jones Industrial Average (YM=F) hovered above the flat line, while those on the S&P 500 (ES=F) inched…
US stock futures edged up as Wall Street counted down to Apple (AAPL)’s annual iPhone event ahead of the release of critical economic data later this week. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) rose roughly 0.1%. Stocks rose on Monday, lifting…