‘Cuts Are Coming’: 7 Economists On December Inflation Data, What It Means For The Fed, Markets
PCE inflation held at 2.6% in Dec, below forecast. Core inflation at 2.9%, suggests potential rate cuts.
Fed’s Favorite Inflation Measure Holds At Nearly 3-Year Lows, Bolstering Market Rate Cut Bets
Inflation data released Friday matches economist estimates and could cement the chances of Fed interest rate cuts in 2024.
S&P 500 Eyes Sixth Green Session, Tesla Tumbles, Oil At 2-Month High: What’s Driving Markets Thursday?
U.S. stock market gains due to strong economic growth and low inflation expectations. Dollar and treasury yields down, oil up, Tesla drops 12%.
‘Meaningfully Stronger’ US Economy Dismantles Slowdown Fears, Boasts 3.3% Growth In Q4 2023
The US economy grew by 3.3% in Q4 of 2023, surpassing expectations by a significant margin. Economists predict continued growth in 2024, led by consumer spending and a strong labor market.
Stock Market Extends Record Highs, S&P 500 Hits 4,900 On Tech Rally, Microsoft’s $3 Trillion Mark: What’s Driving Markets Wednesday?
It’s a bullish day on Wall Street, with major U.S. large-cap indices reaching record highs, driven by broad-based rallies in tech-related stocks as investors continue to embrace the AI trade.
US Output Growth Hits 7-Month High In January: Services Lead, Manufacturing Rebounds
US economy shows robust start to 2024, driven by service & manufacturing sectors. PMI at highest levels since mid-2023. Demand & business confidence improve, inflation cools. Challenges include supply delays & declining purchasing activity in manufacturing.
US Stocks Pause As Treasury Yields, Dollar Surge On Trimmed Fed Rate Cut Bets: What’s Driving Markets Tuesday?
Wall Street took a breather on Tuesday, with the major U.S. stock indices trading near the flatline or showing slight declines during midday trading in New York as investors closely await a series of relevant earnings reports and crucial economic data slated for the remainder of the week.
January’s Bargain Hunt: This Chinese Asset Is Up For Sale At A 30% Discount — Trap Or Treasure?
China, the world’s second-largest economy by gross domestic product (GDP), is grappling with a crisis in its domestic…
S&P 500’s Record Highs, Davos AI Debate, Strong Consumer Data And Fed Bets: This Week In The Markets
The S&P 500 Index, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), achieved historic all-time highs during the last session of the week, marking a significant milestone following more than two years
S&P 500 Index Reaches All-Time Highs: AI, Rate Cut Hopes Cement The Milestone
The S&P 500 Index recorded a new all-time-high, spurred by Fed Chair Jerome Powell's verdict at the FOMC, cooling inflation, and tech stocks' performance.