Odds for another interest rate cut jumped Friday after New York Fed president John Williams signaled he could support a cut when the central bank meets in December. “I still see room for a further adjustment in the near term to the target range for the federal funds rate to move the stance of policy…
GENEVA (AP) — Switzerland’s central bank said Thursday it has reduced its target interest rate by a quarter of a percentage point, adding that inflationary pressures have eased. The Swiss National Bank says its policy rate would drop to zero from 0.25%, after noting that nearly flat inflation nosed into negative territory in May compared…
By Andrea Shalal WASHINGTON (Reuters) -Major geopolitical risk events, including trade tensions, can trigger large corrections in stock prices, the International Monetary Fund said in a report on Monday. That in turn can generate market volatility which can threaten financial stability, it said in a chapter from its forthcoming Global Financial Stability Report. The IMF…
By Howard Schneider WASHINGTON (Reuters) – How concerned Federal Reserve officials were over stagflation risks as they met last month may become more clear on Wednesday in a readout of a gathering held before President Donald Trump’s April 2 tariff announcement shook markets and made forecasts for higher inflation and slower growth more widespread. U.S….
Dow Rises While Nasdaq Falls Ahead of CPI Stocks wavered–while bond yields rose across the board definitively–ahead of tomorrow’s inflation report. The indexes started the day with losses, and wavered after Fed Chair Jerome Powell told Congress that interest rates remain in a “good place.” The big story was in the bond market, where the…
After the best two-year stretch for the S&P 500 (^GSPC) since the late 1990s, few on Wall Street are calling for an end to the bull market run, and this optimism serves as the key throughline in the fourth edition of Yahoo Finance’s Chartbook. The fourth volume of the Yahoo Finance Chartbook shows a clear…
STORY: Wall Street’s main indexes closed lower on Tuesday as investors awaited key inflation data that could influence the Federal Reserve’s decision on interest rates next week. The Dow, S&P 500 and Nasdaq all dropped between roughly one-third to one-quarter of a percentage point. The Consumer Price Index, due on Wednesday, is expected to show…