The S&P 500 (^GSPC) chugged to a record high last week as new inflation data signaled good news about the Federal Reserve’s rate cut plans. For the week, the Nasdaq Composite (^IXIC) rose more than 2.5%, while the S&P 500 added just under 1.5%. The Dow Jones Industrial Average (^DJI) added about 0.5%. Corporate earnings…
Consumer inflation (CPI) was higher than expected in January. One of the culprits was airfare, with … [+] used car prices and auto insurance premiums adding to the rise. (Photo by Tim Boyle/Getty Images) Getty Images Earnings season is nearing the finish line, with over three-quarters of the fourth-quarter earnings season complete. The pace of…
US stock indices were muted on Friday after mixed economic data and as investors awaited more clarity on President Donald Trump’s reciprocal tariff plans. On Thursday, Trump said his economics team will devise plans for reciprocal tariffs on every country taxing US imports, though the directive stopped short of imposing fresh tariffs. At 9:40 am…
The People’s Bank of China (PBOC) said it would tender central bank bills totalling 60 billion yuan (US$8.2 billion) in Hong Kong on Friday, marking the second time this year it has used the policy tool to stabilise the yuan amid tariff tensions with the US. The PBOC said it would tender 40 billion yuan…
January’s Consumer Price Index rose over 3% for the first time since June 2024 and surpassing economists’ expectations.”This is a setback for consumers. It’s a setback for central bankers. It’s a setback for the economy,” says Mark Hamrick of Bankrate.com.Inflation also worsened month over month, with prices jumping 0.5% in January from December, the largest…
US President Donald Trump on Wednesday blamed his predecessor Joe Biden for last month’s unexpected acceleration in consumer inflation, as he looked to deflect a moment of potential political peril early in his second term. The consumer price index (CPI) edged up to 3.0 per cent in January from a year ago, the US Labour…
Inflation figures released on Feb. 12, 2025, will come as a disappointment to Americans who hoped President Donald Trump would be true to his word on bringing down prices “on Day One.” It will also put pressure on the new administration to be wary of policies that may heat up inflation – and that includes…
US stock futures held steady as investors await the release of January’s inflation report for insights into the Federal Reserve’s interest rate plans amid President Donald Trump’s fast-moving economic policy. Nasdaq futures (NQ=F) crept up 0.2%, while S&P 500 futures (ES=F) and Dow Jones futures (YM=F) remained flat. The January CPI report is set to…
January’s Consumer Price Index (CPI) will serve as the latest test of whether inflation pressures have eased as investors debate if and when the Federal Reserve will cut interest rates in 2025. The report, set for release at 8:30 a.m. ET on Wednesday, is expected to show headline inflation of 2.9%, matching the annual gain…
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you find your favorite podcasts. If there is shock coming to markets, it could arrive this summer. And it could be in the form of a rate hike from the Federal Reserve. Apollo Global Management chief economist Torsten Slok says the US…