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.
Nasdaq Futures Slip Ahead Of Key Inflation Data As Tech Setbacks Sap Sentiment, But Analyst Believes Recession Fears Are Fading
However, bond market activity suggests traders are beginning to factor in the possibility of rate cuts throughout the year.
ECB’s Lagarde Rejects Recession Label For Europe, Recalls Yellen’s ‘Forget It’ Remark
ECB President Christine Lagarde challenges the traditional recession definition, focusing on robust labor markets despite potential negative growth in the Euro Area.
Champagne On Hold: Why The Fed’s Preferred Inflation Gauge Report Friday Is Key To Wall Street’s Victory Lap
Set for release at 8:30 a.m. ET Friday, the Bureau of Economic Analysis will unveil the Personal Consumption Expenditure (PCE) price index report for December. This index is also referred as the Federal Reserve's favorite inflation gauge, heavily influencing their monetary policy decisions in the coming months.
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%.
‘RNC Moving To Declare Trump Its Presumptive Nominee; An RNC Committeeman Has Submitted The Proposal Despite Nikki Haley’s Vow To Stay In The Race’ – The Dispatch
https://thedispatch.com/newsletter/dispatch-politics/rnc-moving-to-declare-trump-its-presumptive-nominee/#:~:text=The%20Republican%20National%20Committee%20(RNC,the%20former%20president%20and%20frontrunner. The
‘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.
Treasury Glut: Can Investor Demand For US Bonds Keep Pace With Supply Increases?
The U.S. Treasury is expected to confirm further increases in government bond supply in its first quarterly refunding announcement of 2024.
Nasdaq, S&P 500 Futures Unfazed By Tesla Disappointment As Focus Shifts To Q4 GDP, Earnings: Analyst Sees Hope In This Bullish Indicator
Economists, on average, expect annualized quarter-over-quarter growth of 2%, slower than the third quarter's 4.9% growth.
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.