The S&P 500 (^GSPC) is back at an all-time high for the first time since February as optimism around Federal Reserve interest rate cuts and fading fears of tariffs have driven stocks higher. In the final full trading week of June, the S&P 500 rose 3.5%, while the Nasdaq Composite (^IXIC) rose more than 4.1%….
The latest reading of the Federal Reserve’s preferred inflation gauge showed price increases accelerated in May as inflation remained above the Fed’s 2% target. The release comes as investors have been closely watching data releases for signs of when, or if, the Federal Reserve will cut interest rates this year. The “core” Personal Consumption Expenditures…
US stock futures rose as investors bet that an interest rate cut from the Federal Reserve could land sooner rather than later. Futures attached to the Dow Jones Industrial Average (YM=F) jumped 0.2%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) ticked up 0.1%. On Thursday, stocks climbed and…
Stocks were mixed Thursday and oil rose as traders kept a nervous eye on the Iran-Israel ceasefire, while the dollar dropped after Donald Trump said he had a handful of candidates to succeed Federal Reserve boss Jerome Powell, fuelling rate cut bets. Uncertainty over the US president’s trade war was also keeping sentiment subdued, with…
US President Donald Trump has upset the world’s markets and shaken confidence in the US dollar with his latest criticism of Federal Reserve Chair Jerome Powell and indication that he would appoint a successor earlier than usual. The dollar has fallen to its lowest in three years. read more With his latest salvos at Federal…
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Chair Jerome Powell on Wednesday pushed back against reports the central bank was spending money excessively on renovations, saying that the almost 90-year-old headquarters “was not really safe,” while acknowledging cost overruns. “The media reports … are misleading and inaccurate in many, many respects,” Powell said…
President Trump told reporters that he is actively considering replacements for Federal Reserve Chairman Jerome Powell, and that he is down to three or four candidates. “I know within 3 or 4 people who I’m going to pick,” he said Wednesday, without offering specific names. The consideration of Powell successors comes after a period of…
(Reuters) -U.S. stock futures were subdued on Wednesday, after the Nasdaq 100 closed at a record high a day earlier on Israel and Iran signaling their air war had ended, and as investors awaited more comments from Federal Reserve Chair Jerome Powell. All three major indexes gained more than 1% on Tuesday and the benchmark…
SHANGHAI, – Mainland China and Hong Kong stocks edged higher on Wednesday as global sentiment improved following a ceasefire between Israel and Iran, while some hopes for an earlier-than-expected rate cut from the Federal Reserve also lent support. China, HK stocks rise as Middle East truce lifts sentiment ** The ceasefire brokered by U.S. President…
Fed Chair on why rates stayed steady Fed Chair Jerome Powell explains why rates stayed steady, unlike in December 05:11 Federal Reserve Chair Jerome Powell reiterated his view that the central bank should keep interest rates steady for now, citing inflation risks from U.S. tariffs. Powell, who made his remarks in prepared testimony Tuesday before the…