The federal fiscal year ends on Tuesday, and if there is no deal for more funding, then much of the government’s vast bureaucracy will shut down right after midnight on Wednesday. Critical functions like the military will continue, but a shutdown that lasts longer than a few days would affect the monthly jobs report, which…
The next few weeks will give Wall Street a clear reading on whether this latest stock market rally will continue — or if it’s doomed to get derailed. Jobs reports, a key inflation reading and the Federal Reserve’s interest rate decision all hit over the next 14 trading sessions, setting the tone for investors as…
A consensus view on Wall Street for a rate cut next month doesn’t mean there will be a consensus on the Federal Reserve as policymakers still appear divided. In his Jackson Hole speech on Friday, Chairman Jerome Powell opened the door to a rate cut at the central bank’s meeting in September after months of…
Markets were pointing toward a rebound Sunday evening after startling jobs data delivered a rude awakening to Wall Street bulls. Futures tied to the Dow Jones Industrial Average reversed higher, rising 114 points, or 0.26%. S&P 500 futures were up 0.34%, and Nasdaq futures added 0.38%. The yield on the 10-year Treasury climbed 3.3 basis points to 4.253% after…