To get John Authers’ newsletter delivered directly to your inbox, sign up here. Tuesday’s core CPI print for February came in hotter than expected, yet the stock market wasn’t bothered. For much of 2023, the S&P 500 moved inversely to expected fed funds rates, with the index selling off while the Federal Reserve was expected … Read more
The stock market managed to rebound after the latest inflation figures did little to alter bets the Federal Reserve will cut rates this year — even if it keeps a more cautious stance for now. Following a series of twists and turns, the S&P 500 pushed decidedly higher. Notwithstanding the fact that the consumer price … Read more
Wall Street traders found little encouragement to keep pushing the stock market higher at the start of a week that will bring the last key inflation figures before the Federal Reserve decision. Equities retreated on Monday, with investors awaiting more clues on whether the recent uptick in consumer prices was just a blip or a … Read more
The U.S. economy is having what some experts are calling a “Goldilocks” moment. A panel of economists expect this year to be characterized by faster growth, shrinking inflation and healthy job creation — a far cry from the widespread fears of a recession that marked 2023. The National Association for Business Economics (NABE) on Monday … Read more
Stock Market Today: Dow, S&P Live Updates for February 15 Bloomberg Source link
Wall Street got a reality check on Tuesday, with hotter-than-estimated inflation data triggering a slide in both stocks and bonds. Equities pushed away from their all-time highs as the consumer price index topped estimates across the board. Treasuries sold off, with two-year yields hitting the highest since before the Fed’s December “pivot.” Swap traders ratcheted … Read more
Stocks moved decidedly higher as Nvidia Corp. led a rally in chipmakers, with traders awaiting key inflation data and a slew of Federal Reserve speakers. After struggling for direction in the first hour of Wall Street trading, the S&P 500 extended its advance above 5,000. Defying concerns about an overstretched market, equities kept climbing on … Read more
The pulse of US inflation likely continued to slow at the start of the year, helping to feed expectations that the Federal Reserve will find interest-rate cuts more palatable in the coming months. The core consumer price index, a measure that excludes food and fuel for a better picture of underlying inflation, is seen increasing … Read more
Stock Market Today: Dow, S&P Live Updates for February 9 Bloomberg Source link
How rising eurozone inflation could impact U.S. economy – CBS News Watch CBS News New data shows consumer prices climbed higher across the eurozone in the final month of 2023. Ann Berry, founder of Threadneedle Ventures, joins CBS News to discuss what’s driving the rise, and what it could mean for the U.S. economy. Be … Read more