Cathie Wood Predicts Deflation In 2024, More AI And Tech Optimism — And Rate Cuts
Cathie Wood believes deflation in 2024, aggressive rate cuts and technological progress will drive expansion.
S&P 500, Nasdaq 100 Aim For 8th Week Of Gains As Fed’s Inflation Gauge Cools: What’s Driving Markets Friday?
The S&P 500 and Nasdaq 100 indices are on the verge of achieving an impressive eight consecutive weeks of gains following a more significant decline than expected in the Federal Reserve’s favored inflation gauge in November, the Personal Consumption Expenditures
Is Lower Inflation A Green Light For 2024 Interest Rate Cuts? Markets Are Ending The Year ‘Surprised,’ CIO Says
The Personal Consumption Expenditures (PCE) index inflation dropped to its lowest since March 2021, with economists weighing in on Fed's strategy for rate reductions in 2024.,The market continued to demonstrate resilience, with the SPDR S&P 500 ETF Trust (ARCA: SPY) experiencing a slight uptick, rising by 0.3%.
Oil Prices Bag Second Straight Week Of Gains On Red Sea Turmoil, But They’re Still Off More Than 15% From 2023 Peak
Gains come after seven straight weeks of losses - USO still down 16% from September peak.
UK On The Brink Of Recession While US Growth Remains Robust: Fed Doves To Drive Markets In Early 2024
Federal Reserve rate-cut hopes are likely to drive markets in early 2024.
Argentina’s Tango Stocks Dance On New Heights, But Milei’s Deregulation Efforts Face Congressional Hurdle
President Javier Milei's agenda has sent Argentine stocks soaring, but congressional approval is still needed.
Oil Prices Fall After Angola Says It Will Quit OPEC
Oil prices fell Thursday after Angola said it was to exit the OPEC, raising concerns the African nation will not stick to set quotas.
Winter Is Coming, But The Housing Market Is Thawing: 3 Indicators Suggest 2024 Momentum Is Building
As mortgage rates drop to 6-month low, a surge in new listings & uptick in Redfin agent consultations points to potential resurgence of real estate activity in 2024.
US Stocks Bounce; Chipmakers, Cruise Lines Lead, Dollar Falls: What’s Driving Markets Thursday?
On Thursday, Wall Street rebounded into positive territory, following a brief dip experienced on Wednesday. At midday trading New York time, all major stock indices were trading in the green as traders prepared for the final trading week of the year.
Thursday’s Economic Digest: Q3 GDP Revised Downward, Jobless Claims Hold Steady, Philly Fed Manufacturing Declines
Thursday morning data showed downwardly revised Q3 economic growth, increased jobless claims, and manufacturing health decline in Philadelphia Federal Reserve district. US futures reacted positively premarket, SPY fell 1.4% on Wednesday.