Federal Reserve Archives - Spark Newswire

2 minute read

Interest Rate Decisions: Bank Of England Holds Firm, Swiss National Bank Reduces Further — Will Fed Cut In September?

June 20, 11:29 AM

Bank of England kept rates steady while Swiss National Bank cut its key rate. UK ETFs ticked up, with EWU up 0.66%, FLGB up 0.7%, and FKU up 0.57%. BOE is expected to cut rates in August, while other European central banks have already begun easing.

EWU

4 minute read

Wall Street On Track To Resume Meteoric Climb, Nvidia Builds On Gains: Analyst Says ‘Now Until Later In The Month Is…Seasonally Worst Times’

By Shanthi Rexaline

June 20, 7:25 AM

U.S. stocks will likely carry over from where they left off as the market reopens after the Juneteenth holiday on Thursday. The major index futures were all uniformly higher, underpinned by the continued buoyancy in the tech space.

ACN

2 minute read

Fed Will Cut Interest Rates — But When? Most Investors Agree It Won’t Be July, Bank Of America Says

By Anthony Noto

June 18, 12:20 PM

Bank of America's monthly global fund manager survey shows investors are confident that the Fed will lower interest rates twice in 12 months.

SPY

4 minute read

Tweak: Wall Street Looks Jaded After Record Run As Traders Shift Focus To Retail Sales Data, Fed Speeches: ‘FOMO Still Rules The Market For AI-Related Stocks,’ Says Analyst

By Shanthi Rexaline

June 18, 7:30 AM

Tech optimism hasn’t worn out yet, with the Nasdaq futures pointing to a strong start for these stocks, while the Dow and S&P 500 futures were modestly lower.

AVGO

2 minute read

China’s Housing Funk Deepens As Manufacturing Falls Short

By Michael Juliano

June 17, 11:23 AM

China's housing market declined in May due to low investment and home prices, while industrial output improved. Retail sales exceeded expectations.

FXI

3 minute read

Wall Street Set For Cautious Start After Record Run Last Week — Fed Speeches, Manufacturing Data In Focus: Expert Flags This As Key Catalyst For Stocks

By Shanthi Rexaline

June 17, 7:35 AM

U.S. stocks are gearing up for a cautious start following last week’s record run, with the index futures currently showing mixed sentiment. Tech stocks could extend the strength but it remains to be seen if that pervades into the broader market.

ADSK

2 minute read

Mortgage Rates Fall For Second Straight Week In Response to Positive Economic Data

By Michael Juliano

June 14, 4:31 PM

Mortgage rates dropped for a second week in a row. Thirty-year fixed-rate average was 6.95%, down from 6.99% last week.

FMCC

2 minute read

Inflation Cools In May, Fed Hints At Slower Pace Of Rate Cuts, Stocks Hit New Record Highs: This Week In The Market

By Piero Cingari

June 14, 4:06 PM

Wall Street resilient as tech stocks reclaim dominance with record highs for S&P 500 and Nasdaq 100, driven by tech giants like Apple, Nvidia, and Microsoft. Fed's updated projections and cooler inflation reports contribute to hopes for rate cuts. Broadcom's AI chip demand boosts stock, while Apple's WWDC 2024 innovations lead to higher iPhone sales projections. Economist declares victory over inflation, while GameStop stock surges.

AAPL

3 minute read

US Stocks To End Record-Clinching Week On Subdued Note, GameStop Slides, Adobe Soars: Fed Speeches And More To Watch Heading Into Friday

By Shanthi Rexaline

June 14, 7:44 AM

The market could pause in the final trading session of the week following its record run, facilitated by tamer-than-expected inflation data. The major index futures were moderately lower in early trading. Adobe Inc.

ADBE

2 minute read

Bond ETFs Unfazed By Fed Decision To Keep Rates Steady

By Michael Juliano

June 13, 12:41 PM

The bond market stayed stable after Fed kept interest rates unchanged. ETFs were flat. Fed aims to lower 3.4% inflation to 2%, may cut rates once confident. Bond ETFs rose slightly. Fed will continue lowering its holdings to achieve 2% inflation goal.

AGG