Today: September 21, 2024
Today: September 21, 2024

Federal Reserve

Business|Economy

Nvidia vigil almost over

A look at the day ahead in European and global markets from Kevin Buckland Two of the biggest events of this week are almost upon us, as Wednesday brings an end to the drawn-out two-day news vacuum

Nvidia vigil almost over
Business|Economy

S&P 500 to end 2024 around current levels after strong run: Reuters poll

The Standard & Poor's 500 will end the year near current levels, but strong stock market gains so far in 2024 have some strategists saying the index is at

S&P 500 to end 2024 around current levels after strong run: Reuters poll
Economy|News

Federal Reserve minutes: Policymakers saw a longer path to rate cuts

After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now at a 23-year high

Federal Reserve minutes: Policymakers saw a longer path to rate cuts
Business|Economy

Goldman Sachs CEO says Fed unlikely to cut rates this year

Goldman Sachs CEO David Solomon said on Wednesday he does not expect the Federal Reserve to cut interest rates this year.

Goldman Sachs CEO says Fed unlikely to cut rates this year
Economy|News

US applications for jobless benefits fall as labor market continues to thrive

The number of Americans applying for unemployment benefits fell last week as layoffs remained historically low levels

US applications for jobless benefits fall as labor market continues to thrive
Economy|News

US weekly jobless claims fall further as labor market remains strong

The number of Americans filing new claims for unemployment benefits fell last week, pointing to underlying strength in the labor market that should continue to

US weekly jobless claims fall further as labor market remains strong
Business|Economy|Technology

Stocks fall despite Nvidia boost as inflation concerns weigh

U.S. stocks ended lower on Thursday, even as a strong revenue forecast for Nvidia fueled a surge in its shares, but that was overshadowed by economic data

Stocks fall despite Nvidia boost as inflation concerns weigh
Economy|News

Fed's Bostic says U.S. not past 'worry point' for inflation

The Federal Reserve may need to wait longer to cut interest rates because even with April's slightly cooler inflation reading there is continued upward pressure on prices, Atlanta Fed

Fed's Bostic says U.S. not past 'worry point' for inflation
Business|Economy

Stocks rebound to close higher but Dow down for the week

U.S. stocks rebounded on Friday from sharp losses the day before on news of an improving consumer outlook on inflation, sending the Nasdaq to a fifth straight

Stocks rebound to close higher but Dow down for the week
Business|Economy

Central bankers should acknowledge blind spots in a less certain world, Fed's Mester says

In nearly 40 years working for and helping lead the Federal Reserve, Cleveland Fed President Loretta Mester was part of a revolution that saw the

Central bankers should acknowledge blind spots in a less certain world, Fed's Mester says
Economy|News|Political

Inflation data, presidential debate could sink summer rally

The typical summer slowdown in U.S. stock markets may be more pronounced this year with inflation jitters and an early presidential debate that have the potential

Inflation data, presidential debate could sink summer rally
Economy|News

Fed's Bowman: Would have backed waiting to taper balance sheet run-off

Federal Reserve Governor Michelle Bowman on Tuesday said she would have supported either waiting to start slowing the run-off in the U.S. central bank's balance sheet or a more moderate

Fed's Bowman: Would have backed waiting to taper balance sheet run-off
Economy

Gold rises on softer dollar as focus shifts to US inflation data

Gold prices gained on Tuesday, helped by a weaker dollar as investors look forward to U.S. inflation data due later this week for more clarity on interest rate cut timings

Gold rises on softer dollar as focus shifts to US inflation data
Economy|News

Fed's Kashkari wants significant progress on inflation before rate cuts

Minneapolis Federal Reserve Bank President Neel Kashkari said in an interview with CNBC broadcast on Tuesday that the U.S. central bank should wait for significant progress on inflation

Fed's Kashkari wants significant progress on inflation before rate cuts
Business|Economy

Wall St drops as rate worries push bond yields higher

Wall Street opened lower on Wednesday, with investors turning risk averse as concerns around the timing and scale of the Federal Reserve's interest rate cuts pushed Treasury yields higher

Wall St drops as rate worries push bond yields higher
Business|Economy

US firms grow more pessimistic on economic outlook, Fed survey shows

U.S. economic activity continued to expand from early April through mid-May but firms grew more downbeat about the future amid weakening consumer demand while inflation

US firms grow more pessimistic on economic outlook, Fed survey shows
Economy

US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending

The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said in a downgrade from its previous estimate

US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending
Economy|News

US weekly jobless claims edge up in latest week

The number of Americans filing new claims for unemployment benefits ticked higher last week, but underlying strength in the labor market still shows signs of persisting and should continue

US weekly jobless claims edge up in latest week
Economy

Fed's Logan: inflation heading to 2%, too soon to cut rates

Dallas Federal Reserve Bank President Lorie Logan said on Thursday she believes inflation is still heading to the Fed's 2% target, although she can imagine "other paths" that

Fed's Logan: inflation heading to 2%, too soon to cut rates
Uncategorized

Fed officials see inflation falling, signal no rush to cut rates

By Ann Saphir and Michael S.

Fed officials see inflation falling, signal no rush to cut rates
Business|Economy

'Bothersome' rebound in US yields casts shadow on stocks at record highs

Treasury yields are on the rise again, presenting a potential obstacle to a U.S. stock rally that has taken major indexes to record highs.

'Bothersome' rebound in US yields casts shadow on stocks at record highs
Business|Economy

Stock market today: Wall Street rallies to close out a bloom-filled May

An already verdant May for Wall Street finished with another push higher as stocks rallied after a report showed inflation is at least not worsening

Stock market today: Wall Street rallies to close out a bloom-filled May
News|Political

Fed's Goolsbee says inflation could still fall without rising unemployment

U.S.

Fed's Goolsbee says inflation could still fall without rising unemployment
Business|Economy

PCE test for nervy markets

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street looks set to end the shortened week slightly punch drunk, with Friday's May inflation update set to be a decider after a

PCE test for nervy markets
Economy

US inflation up moderately in April, consumer spending weakens

U.S. inflation tracked sideways in April and consumer spending weakened, mixed signals for the Federal Reserve that provided little clarity on whether the U.S. central

US inflation up moderately in April, consumer spending weakens

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