S&P 500, Nasdaq 100 Hit Record Highs As Benign Inflation Data Supports Fed Rate Cut Prospects
April inflation and retail sales data sparked rallies in risky assets, as traders bet on Fed rate cuts. S&P 500, Nasdaq 100 hit record highs.
US Inflation Falls As Expected In April, Bolsters Fed Rate Cut Bets
U.S. April inflation below expectations, may prompt Fed rate cuts. Retail sales up, but inflation rates down. Market reactions: bond yields, dollar down, stocks up.
Wall Street Trades Flat On Mixed Producer Inflation; Meme Stocks See Wild Ride, Bitcoin Drops: What’s Driving Markets Tuesday?
Wall Street is experiencing a subdued trading session, with all major indices showing minimal movement around midday in New York.
Fed Chair Powell Signals Patience In Rate Policy, Labels Producer Inflation Data As ‘Mixed’
Jerome Powell reinforces U.S.monetary policy to maintain current rate, dismissing risks of new hikes. Praising strong labor market, progress on inflation.
Producer Inflation Hits Highest Level In A Year, Heightens Pressure On Consumer Prices
American producer inflation increases in April, exceeding estimates just before the consumer inflation report.
April Inflation Data Preview: Why Analysts Expect Economic Pressure To Cool
Traders await April CPI report on Wednesday, expecting a drop in overall and core inflation rates. Goldman Sachs forecasts disinflation in auto, housing, and labor markets.
Stocks Pause On Dismal Consumer Confidence; Yields, Dollar Rise As Inflation Expectations Kick Higher, Bitcoin Sinks: What’s Driving Markets Friday?
A worse-than-expected University of Michigan’s May consumer report halted stock gains on Friday, sparking worries about a potential decline in consumer health amid perceived rising price pressures.
Consumer Sentiment Falls In May, Inflation Expectations Strongly Exceed Fed’s 2% Goal: ‘They Now Perceive Negative Developments’
The latest University of Michigan report showed a decline in consumer confidence and a worrying increase in inflation expectations, causing market reactions.
US Ready To Impose New Tariffs On China’s EV, Solar Sectors: ‘Could Cause More Severe Damage’ Than Last Trade War
Biden to announce changes to US tariff policy on Chinese goods next week, targeting strategic sectors like EVs and solar cells.
Utilities Notch 7th Straight Session Of Gains: ‘Potential Derivative Play To The AI Boom’
Utilities sector outperforming S&P 500 since beginning of year, gaining attention for potential as derivative play to AI boom.