US Economy Adds 353,000 Payrolls In January: Monster Job Growth Well Above Expectations, Destroys Fed Rate Cut Bets
US labor market surprises with strong January jobs report, including significant wage growth.
Mortgage Rates Fall: But Could Fed Pushback On March Rate Cut Dent Homeowner Hopes?
Mortgage rates are highly influenced by the Federal Reserve's decisions, and Powell made it clear that March won't bring enough confidence.
Markets Believe The Fed Got It Wrong: Rate Cut Reluctance Rattles Investors
Stocks drop after Fed's announcement: no rate cut in March. Tech, consumer goods, small caps hit hardest. Expectations for rate cut in early 2024.
Manufacturing Sector Tops Estimates In January As New Orders Climb, Prices Rise: Why It’s Bad News For Inflation
US manufacturing sector rebounded in January, with strong new orders but rising costs. Business optimism also high, but supply chain issues remain.
Goldman Sachs Pushes Back Fed Rate Cut Timeline After Powell’s ‘Strong Signal’
Goldman Sachs adjusts prediction for first Fed rate cut from March to May following Powell's hawkish stance on inflation and monetary policy.
Powell Chills Investors: ‘I Don’t Think Likely We Will Have A Rate Cut In March’; Stocks Sink In Response
Federal Reserve keeps rates unchanged, signaling a pause in tightening. Rate cuts not yet appropriate until inflation moves sustainably to 2%, Powell says.
Nasdaq, S&P 500 Slip Ahead Of Fed Meeting, Regional Banks Sink After NYCB Disappoints: What’s Driving Markets Wednesday?
Nasdaq down 1.4%, S&P 500 down 0.9%, Dow up: Volatile day on Wall Street as tech stocks react to disappointing earnings ahead of Fed meeting.
All Eyes On Fed As Markets Brace For Powell Remarks On 2024 Rate Cuts
The Fed's first FOMC meeting of 2024 is highly anticipated, with a 47% chance of a rate cut in March and concerns about inflation and asset bubbles.
AI Growth, Lower Interest Rates Foil Recession Threats In 2024, Says IMF
Fears of a severe economic downturn are fading as economic growth continues to outpace expectations. The U.S. economy is likely to grow by 2.1% in 2024 says International Monetary Fund.
US Stocks Rise At Week’s Start, Tesla Rebounds, SoFi, Lucid Shine: What’s Driving Markets Monday?
Wall Street witnessed slight gains at midday on Monday, with investors eagerly awaiting a series of critical earnings reports, the Federal Reserve’s meeting on Wednesday and the much-anticipated job market report this Friday.