Wall Street closed out its best week of the year, with interest rates expected to drop after the Federal Reserve meets next week. The three major stock market indexes, which measure how stocks perform, all rose on Friday. The S&P 500 increased 0.5 percent, just 0.7 percent below its record high in July. Meanwhile, the…
It’s starting to feel like fall, but everything is all green for equity markets (^DJI, ^IXIC, ^GSPC) as stocks close out the trading session with weekly gains. Market Domination Overtime hosts Julie Hyman and Josh Lipton recap the day’s market action as they look ahead to the Federal Reserve’s policy meeting next week. Sound Income…
Hopes for a big rate cut from the Federal Reserve next week got suddenly revived, sending the Dow near an all-time high. Stock and bond traders ramped up bets on Friday that the Fed could slash interest rates by 50 basis points — or half a percentage point — after the Wall Street Journal reported…
US stock futures edged higher on Friday, setting the stage for strong weekly wins after Wall Street’s expectations for a jumbo interest-rate cut by the Federal Reserve shot up overnight. S&P 500 futures (ES=F) moved up 0.2%, while Nasdaq 100 futures (NQ=F) added 0.1% to point to a fifth day of gains for both gauges…
Former New York Federal Reserve President William Dudley said he sees scope for a half-point rate cut at next week’s meeting. “I think there’s a strong case for 50,” Dudley said on Friday at a forum organized by The Bretton Woods Committee in Singapore. Dudley left the New York Fed in 2018 and is now…
The S&P 500 (GSPC) and Nasdaq (^IXIC) have jumped for four consecutive days, led by tech stocks. August’s Producer Price Index came in line with expectations as inflation continues to cool ahead of the Federal Reserve’s first interest rate cut. Meanwhile, gold (GC=F) prices hit another record high and crude oil (CL=F, BZ=F) moves 3%…
Tierney L. Cross / Bloomberg / Getty Images Federal Reserve Chair Jerome Powell, during an Economic Club of Washington event in Washington, DC, on July 15, 2024. Key Takeaways The Federal Reserve is set to cut interest rates at its policy meeting next week, but some economists wonder whether the central bank has waited too…
WASHINGTON (Reuters) – U.S. consumer prices rose marginally in August, but underlying inflation showed some stickiness, which could discourage the Federal Reserve from delivering a half-point interest rate cut next week. The consumer price index increased 0.2% last month after climbing 0.2% in July, the Labor Department’s Bureau of Labor Statistics said on Wednesday. In…