The week ahead for investors will be jam-packed, with the Federal Reserve’s latest interest rate decision, a rush of corporate earnings results, and a crucial sit-down between President Trump and China’s President Xi Jinping set to feature. Stocks closed the week at record highs as the delayed release of the Consumer Price Index (CPI) report…
HELOC rates have been slowly falling all year. The average home equity line of credit interest rate is 7.75%, according to the analytics company Curinos. With the Federal Reserve poised to lower rates again in the coming week, HELOC rates may drop further. According to Curinos data, the average weekly HELOC rate is 7.75%, its…
Inflation may be increasing at a slower pace than expected, the markets might be cheering, and the Fed will likely soon be cutting, but Diane Swonk isn’t popping Champagne. The veteran economist says the economy “looks better than it feels” because the very data used to measure it is eroding, and the illusion of resilience could…
US stocks climbed to an all-time high on Friday, as traders cheered slower-than-anticipated September consumer price data that boosts optimism for an expected Federal Reserve interest-rate cut next week. The S&P 500 Index rose 0.8% at 9:55 a.m. in New York, with nine of 11 sectors in the green, led by technology. The Nasdaq 100…
The stock market will enter the third week of the government shutdown after a five-day run of market volatility shaped by US-China trade relations. At the closing bell on Friday, the S&P 500 (^GSPC), tech-heavy Nasdaq Composite (^IXIC), and Dow Jones Industrial Average (^DJI) all managed to eke out wins to cap a volatile week…
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By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Edgier world markets appeared to bat away the latest testy exchanges in the re-heated U.S.-China trade war, helped by dovish soundings from the Federal Reserve boss that included signals about an imminent end to its balance sheet…
Federal Reserve boss Jerome Powell’s remarks on the US labour market fuelled expectations for another interest rate cut this month (ROBERTO SCHMIDT) Stocks jumped Wednesday as trade war fears were overshadowed by comments from Federal Reserve boss Jerome Powell that suggested the bank would cut interest rates again this month. After a volatile couple of…
Federal Reserve Chair Jerome Powell on Tuesday emphasized that a sharp slowdown in hiring poses a growing risk to the U.S. economy, a sign that the central bank will likely cut its key interest rate twice more this year. Powell, who spoke today before the National Association of Business Economics in Philadelphia, said that despite…
By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets The stories driving markets appear to be moving in loops faster than investors can make significant adjustments, with Friday’s dramatic China trade threats seemingly reversed by Sunday and the French Prime Minister who resigned last Monday now…