News

Why hotter-than-expected wholesale prices make the Fed’s September rate cut decision harder

A hotter-than-expected wholesale inflation report just made the Federal Reserve’s decision regarding a September rate cut ...

Gold falls as hot US data lifts dollar, yields; cools hopes for jumbo Fed cut (Aug 14)

Gold prices fell on Thursday as hotter-than-expected U.S. inflation data and a drop in jobless claims lifted the dollar and ...

Inflation Report Boosts Prospect of Fed Rate Cut in September

With the job market faltering and consumer prices not surging as expected, investors increasingly believe the Federal Reserve ...

Exclusive: Fed's Daly Says Jumbo Rate Cut Next Month Doesn’t Seem Warranted

San Francisco Fed President Mary Daly pushed back against the need for an interest-rate cut of a half percentage point, or 50 ...

September Fed rate-cut expectations barely budge after PPI

Thursday's hotter-than-expected PPI report hasn't moved the needle much when it comes to traders' expectations for a ...

Stock market today: Dow jumps 450 points as S&P 500, Nasdaq log back-to-back records on surging Fed rate cut bets

US stocks rose amid increasing expectations that the Federal Reserve will cut interest rates at its next meeting, following ...

Dow set to open in record territory as Wall Street gets rate-cut fever

The Dow on Friday was on pace to hit its first record high of the year, reflecting steady optimism on Wall Street despite signs of underlying turbulence in the economy.

PPI report casts doubt on Bessent’s call for 50-basis-point Fed cut in September: ING

The producer-price index report released Thursday challenged Treasury Secretary Scott Bessent’s push for a 50-basis-point ...

Fed's current monetary policy stance is 'exactly where we want to be,' official says

Kansas City Federal Reserve President Jeffrey Schmid said he favors keeping interest rates at current levels to prevent ...