New data from the Bureau of Labor Statistics out Wednesday showed that a key inflation metric eased for the first time since July. On a “core” basis, which strips out the more volatile costs of food and gas, the December Consumer Price Index (CPI) climbed 0.2% over the prior month, a deceleration from November’s 0.3%…
You wouldn’t be an economics forecaster for quids. Well, maybe you would, given the money they make, never even blinking about their frequent and sudden about-turns. A couple of months back, when the Australian dollar burst through 0.69 US cents, there was no shortage of highly paid currency traders and economists predicting a quick flirtation…
By Lewis Krauskopf NEW YORK (Reuters) – Investors are expecting more gains for the U.S. stock market in 2025 after two straight standout years, fueled by a solid economy supporting corporate profits, moderating interest rates and pro-growth policies from incoming president Donald Trump. The benchmark S&P 500 is up over 23% year-to-date, even with a…
Federal Reserve Bank of San Francisco President Mary Daly said she is “very comfortable” with policymakers’ median projection of two interest-rate cuts next year, emphasizing the central bank can turn to a slower approach. “My projection is that it will take many fewer rate cuts next year than we thought but I’ll watch the economy…
NEW YORK (AP) — U.S. stocks rose Friday to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one. The S&P 500 rallied 1.1% for its best day in six weeks and shaved its loss for the week down to 2%. The Dow Jones Industrial…
By Iain Withers and Stella Qiu LONDON/SYDNEY (Reuters) -Global stocks slid on Friday ahead of a possible U.S. government shutdown, while European shares came under fire after Donald Trump threatened to impose tariffs if consumers in the region did not increase their purchases of U.S. oil and gas. A key read of U.S. inflation later…
Listen to Odd Lots on Apple PodcastsListen to Odd Lots on SpotifySubscribe to the newsletter On Wednesday, the Federal Reserve cut interest rates by 25 basis points as expected. But it also raised its inflation outlook for 2025, and sees just two more cuts next year. The markets reacted violently to it, with the major…
Donald Trump’s election victory has Wall Street bullish about tax cuts and deregulation boosting corporate profits. Even after the stock market’s post-election rally came to a screeching halt on Wednesday when the Federal Reserve signaled a hard line on interest rates, the S&P 500 remains up since Trump’s win. The VIX, popularly known as the…
Markets are showing signs of life after Wednesday’s Fed-fueled drubbing. Dow Jones (DIA) futures climbed 0.8% Thursday morning, with the S&P 500 (SPY) and Nasdaq (NASDAQ:QQQ) not far behind, both up 0.9%. Tesla (NASDAQ:TSLA) and Nvidia (NASDAQ:NVDA), investor darlings battered during the sell-off, are leading the recovery, each up over 2% in the morning trading….
US stock futures pointed to a rebound Thursday from the previous day’s sell-off that was fueled by a hawkish outlook from the Federal Reserve on its path for interest rates. Futures tied to the S&P 500 (ES=F) were up 0.5%, while those on the tech-heavy Nasdaq (NQ=F) rose 0.6%. Dow Jones Industrial Average futures (YM=F)…