Breadcrumb Trail Links Investor S&P 500 headed for its worst week in more than two months Author of the article: Bloomberg News Margaryta Kirakosian and Allegra Catelli Published Nov 15, 2024 • Last updated 1 day ago • 2 minute read You can save this article by registering for free here. Or sign-in if you have an account. Federal Reserve Chair Jerome Powell speaks to the Dallas Regional Chamber on Thursday.
By Purvi Agarwal and Lisa Pauline Mattackal (Reuters) – Wall Street’s main indexes inched higher on Wednesday after in-line consumer price inflation data kept the U.S. Federal Reserve on track to deliver another interest rate cut in December. The consumer price index rose 0.2% in October for the fourth straight month, the Labor Department’s Bureau of Labor Statistics said, and advanced 2.6% on an annual basis. Excluding the volatile food
Federal Reserve chair Jerome Powell speaks during a news conference on Sept.18, 2024 in Washington, DC. Anna Moneymaker | Getty The U.S. Federal Reserve could carry out fewer interest rate cuts than previously expected next year should President-elect Donald Trump’s proposed global tariffs take hold, former Fed policymaker Loretta Mester said Tuesday. Mester indicated that the Fed’s outlook was set to change under the incoming Republican administration’s fiscal plans, and
Investing.com– U.S. stock index futures rose in evening deals on Sunday with focus turning to upcoming inflation data and a slew of Federal Reserve speakers for more signals on whether Wall Street will extend its recent rally. Wall Street was on a tear in the second half of last week after Donald Trump won the 2024 presidential election, clearing out a major point of uncertainty for markets. An interest rate
Federal Reserve Board Federal Reserve Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in Washington on November 07, 2024 in Washington, DC. Kent Nishimura | Getty Images Federal Reserve Chair Jerome Powell dodged question after question at his Thursday news conference from a press corps eager to elicit the central bank leader’s thoughts about President-elect Donald Trump. At some point, though, Fed policymakers,
Investing.com– U.S. stock index futures edged marginally higher Friday, remaining near record highs as markets digested the Federal Reserve’s outlook on future rate cuts. At 9:34 ET (2:34 GMT), rose 0.1%, gained 0.2%, and fell 0.2%. The Wall Street indices received a hefty boost earlier this week after Donald Trump won the 2024 presidential election earlier this week, opening the door for more potentially expansionary policies in the coming years. The
Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom Brenner Tom Brenner | Reuters The Federal Reserve likely will stick to the business at hand when it wraps up its meeting Thursday with another interest rate cut, but will have its eye on the future against a backdrop
(Reuters) – Wall Street’s main stock indexes hit record highs in the run-up to an interest-rate decision from the Federal Reserve on Thursday, extending a sharp rally sparked by Donald Trump’s stunning comeback as U.S. president for a second time. The fell 11.0 points, or 0.03%, at the open to 43718.92. The rose 18.2 points, or 0.31%, at the open to 5947.21, while the rose 101.0 points, or 0.53%, to
