(Reuters) – St. Louis Federal Reserve President Alberto Musalem said on Friday he’s closely watching whether a rise in short-term inflation expectations seeps into longer-term expectations, a development that could make fighting inflation a much harder job and reduce the U.S. central bank’s flexibility to respond to weakness in the labor market. Noting high uncertainty…
Stocks took a hit today, and it doesnt look like things will be calming down anytime soon. The Dow Jones Industrial Average (DIA) dropped 1%, while the S&P 500 (SPY) and Nasdaq Composite (NASDAQ:QQQ) fell by 1.14% and 1.56%, respectively at 10.25am today. Consumer sentiment is sliding, with the University of Michigans latest survey showing…
The latest reading of the Federal Reserve’s preferred inflation gauge showed prices increased more than expected in February as inflation remained above the Fed’s 2% target. The release comes as investors have been closely watching data releases for signs of how President Trump’s tariff policy is impacting the economy. The “core” Personal Consumption Expenditures (PCE)…
The latest reading of the Federal Reserve’s preferred inflation gauge showed prices rose on a monthly basis but dropped year over year, which should keep interest rates on hold when the central bank meets next in March. The “core” Personal Consumption Expenditures (PCE) index, which strips out food and energy costs, rose 0.3% from the…
By Wayne Cole SYDNEY (Reuters) – European shares steadied on Monday as Germany’s election produced no nasty surprise, while Wall Street futures firmed on hopes results from AI diva Nvidia this week would justify the tech sector’s sky-high valuations. DAX futures firmed 0.2%, while EUROSTOXX 50 futures were flat. The euro edged 0.3% higher to…
Photo: Spencer Platt (Getty Images) U.S. stocks plummeted on Friday on poor economic news. Consumer confidence weakened to the lowest level since November 2023, even as long-run inflation expectations rose to the highest since 1995. The services purchasing managers’ index fell into contractionary territory and January home sales contracted by more than expected. As the…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The stock market appears to have a case of the inflation jitters. The last few weeks of market action have shown a clear trend. Any news that could hint at higher-than-expected inflation in…
Consumer inflation expectations jumped amid Trump tariff threats, the University of Michigan consumer sentiment index showed on Friday. That followed a January jobs report which was, on balance, on the hawkish side for Fed policy as the unemployment rate fell to 4% for the first time since May. Source link
By Jiaxing Li, Summer Zhen and Li Gu HONG KONG/SHANGHAI (Reuters) – Investors in Chinese bonds head for 2025 betting there will be no miraculous recovery in the economy, putting them at odds with an equities market that has wagered on a revival in consumption. Although China’s closed capital account diminishes the 33 trillion yuan…
(Bloomberg) — Brazilian markets wrapped up a turbulent week after a much vaunted plan to cut government spending came in well short of expectations, adding to angst over the country’s budget. Most Read from Bloomberg The package, detailed by Finance Minister Fernando Haddad on Thursday, sent the currency tumbling to an all-time low, and stocks…