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.
Biden Announces Massive Tariffs On Chinese Imports To Protect US Industries: Clean Energy, Solar Stocks Rally
President Biden announces new tariffs on Chinese goods to protect American economy and domestic jobs. Also aims to counteract subsidized production.
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.
Expect Rate Cuts, Not A Recession: Fund Managers Most Bullish On Stocks In Over 2 Years
Optimism in stock market hit a near three-year high due to expected lower interest rates revealed in Bank of America's latest survey.
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.
Yellen Calls For Fair Trade With China, Urges Other Central Banks To Limit Currency Interventions
Janet Yellen emphasizes U.S. role in critical industries and reducing reliance on China. Supports Biden's budget proposals for economic growth and fair taxation.
Supplier Prices Threaten To Impact Inflation Over Turbulent Commodity Markets, Middle East Instability
Traders anticipate market volatility due to upcoming inflation reports (PPI on Tuesday, CPI on Wednesday) which may impact Fed's policy decisions.
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.