Today: September 20, 2024
Today: September 20, 2024

Federal Reserve

Business

UBS lifts 2024 year-end S&P 500 target to 5,150, tops big banks

UBS Global Research increased its year-end target for the S&P 500 on Tuesday to 5,150, marking the highest projection among major global banks and indicating a potential 8% upside from

UBS lifts 2024 year-end S&P 500 target to 5,150, tops big banks
Business

Big US banks to call on Fed to rewrite contentious bank capital rule

Banks on Tuesday will urge the U.S.

Big US banks to call on Fed to rewrite contentious bank capital rule
Economy

Fed's Waller says US "within striking distance" of inflation goal

The U.S. is "within striking distance" of the Federal Reserve's 2% inflation goal, but the central bank should not rush towards cuts in its

Fed's Waller says US "within striking distance" of inflation goal
Business|News

Top Federal Reserve official says inflation fight seems nearly won, with rate cuts coming

A top Federal Reserve official said he's increasingly confident that inflation will continue falling this year back to the Fed’s 2% target level, after two years of accelerating price spikes that hurt millions of American households

Top Federal Reserve official says inflation fight seems nearly won, with rate cuts coming
Business|Economy|News|World

Stock market today: Asian shares trade mixed after Wall Street dips amid dimming rate cut hopes

Asian shares are trading mixed as pessimism spreads among investors about any imminent interest rate cut in the U.S. Japan’s benchmark Nikkei added 0.5% in Thursday morning trading to 35,637.01

Stock market today: Asian shares trade mixed after Wall Street dips amid dimming rate cut hopes
Economy

US business inventories fall in November

U.S. business inventories fell for a second straight month in November amid declines in retail and wholesale stocks, which could see inventory investment subtracting from

US business inventories fall in November
Economy

Column-Focus sharpens on Fed's disappearing reverse repo: McGeever

As the amount of cash parked at the Federal Reserve's overnight reverse repo facility (ON RRP) hurtles towards zero, the Fed's visibility on the minimum

Column-Focus sharpens on Fed's disappearing reverse repo: McGeever
Economy

US economic activity little changed in recent weeks, Fed survey shows

U.S. economic activity saw little or no change from December through early January, while firms reported pricing pressures were mixed and nearly all cited signs of a

US economic activity little changed in recent weeks, Fed survey shows
Economy

Goldman Sachs CEO says US economy looks constructive but cautions on inflation

Goldman Sachs CEO David Solomon expects the U.S. economy to avoid a big slowdown this year, but warned that inflation could remain more stubborn than

Goldman Sachs CEO says US economy looks constructive but cautions on inflation
Economy

Dollar holds near one-month peak as dovish Fed bets recede

The dollar held close to a one-month peak versus major peers on Thursday after robust U.S. retail sales data overnight added to building expectations the Federal

Dollar holds near one-month peak as dovish Fed bets recede
Business|Economy|News|World

Stock market today: Wall Street hits record high following a 2-year round trip scarred by inflation

Wall Street returned to record heights and capped a punishing, two-year round trip dogged by high inflation and worries about a possible recession

Stock market today: Wall Street hits record high following a 2-year round trip scarred by inflation
Economy

Fed's Daly: Policy in a 'good place,' risks 'balanced'

San Francisco Federal Reserve Bank President Mary Daly on Friday said she believes the U.S. economy and monetary policy both are in a "good place," and the risks have grown more balanced

Fed's Daly: Policy in a 'good place,' risks 'balanced'
Economy

An AI-generated bull

A look at the day ahead in U.S. and global markets by Amanda Cooper It's taken two years and a lot of hand-wringing in the meantime, but on Friday, the S&P 500 secured its first record-high close in

An AI-generated bull
Economy

Fed to cut in Q2, probably June; economists less dovish than markets- Reuters poll

The U.S.

Fed to cut in Q2, probably June; economists less dovish than markets- Reuters poll
Economy

Fed hawks, doves, and centrists: Tracking US central bankers' views

The labels "dove" and "hawk" have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks to the labor market

Fed hawks, doves, and centrists: Tracking US central bankers' views
Economy

Dollar hovers near 6-week high on Fed view; yen edges up after BOJ

The dollar hovered near a six-week high against major peers on Wednesday as investors cemented expectations that the Federal Reserve would be in no rush to cut

Dollar hovers near 6-week high on Fed view; yen edges up after BOJ
Business

Fed to allow emergency bank lending program expire on March 11

The Federal Reserve announced on Wednesday that it will allow its Bank Term Funding Program to expire as scheduled on March 11, as it wraps up a lifeline program created for banks during

Fed to allow emergency bank lending program expire on March 11
Business

Marketmind: PCE in our time as US economy impresses

A look at the day ahead in U.S. and global markets from Mike Dolan There was little for markets to dislike in the impressive sweep of U.S. economic and corporate healthchecks on Thursday - unless of

Marketmind: PCE in our time as US economy impresses
Business

Futures fall as Intel forecast hurts chip stocks; inflation data eyed

U.S. stock index futures fell on Friday as chip stocks sagged on a dour revenue forecast from Intel, while a crucial inflation print that could influence the Federal Reserve's monetary

Futures fall as Intel forecast hurts chip stocks; inflation data eyed
Business

Five signs the Fed's pivot is underway before even a single rate cut

Federal Reserve policymakers have signaled they won't cut U.S. interest rates just yet; economists think they will wait until June, given ongoing strength in household

Five signs the Fed's pivot is underway before even a single rate cut
Business|Economy|News

Inflation slowed further in December as an economic 'soft landing' moves into sharper focus

The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship

Inflation slowed further in December as an economic 'soft landing' moves into sharper focus
Business

Instant view: Mild Dec US PCE inflation won't divert Fed from easing in 2024

U.S. prices rose moderately in December, keeping the annual increase in inflation below 3% for a third straight month, which could allow the Federal Reserve to start cutting

Instant view: Mild Dec US PCE inflation won't divert Fed from easing in 2024
Economy

Fed, earnings and economic data to test U.S. stocks at record highs

The U.S. stock market’s strong start to the year faces a major test next week in a stretch packed with big tech earnings, the Federal Reserve’s monetary policy

Fed, earnings and economic data to test U.S. stocks at record highs
Economy

Dollar steady in cautious start to busy data, Fed week

The dollar started the week on a steady footing as investors took stock of U.S. economic data ahead of the Federal Reserve policy meeting this week, while

Dollar steady in cautious start to busy data, Fed week
Business

US economic expansion likely hinges on a nimble Fed this time

It took a stock market crash, a housing crash and a pandemic to kill the last three U.S. economic expansions.

US economic expansion likely hinges on a nimble Fed this time

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