Amid a wave of rising interest rates, a “revolt” is brewing among bank customers, fueled by a growing acknowledgment that some financial institutions have not been proactive in advising them of more lucrative savings options. Chris McMahon, the president and CEO of Aquinas Wealth Management, spotlighted customers’ discontent on April 12, saying on Fox Business
Consumers, investors, and the market itself are all tuned into inflation’s increasingly apparent presence in 2024, drawing even more attention on when the Federal Reserve will finally pivot and start cutting interest rates. Former Federal Reserve Bank of Richmond President Jeffrey Lacker sits down with Yahoo Finance to talk about why he thinks the Fed
By Ann Saphir (Reuters) -Prospects for a first Federal Reserve interest-rate cut before the end of summer took a body blow on Wednesday with another U.S. inflation report that cast into stark relief the stickiness of price pressures across the U.S. economy. After months of centering on June for the start of Fed policy easing,
US consumer prices came in hotter than expected in March, according to the latest data from the Bureau of Labor Statistics released Wednesday morning. The Consumer Price Index (CPI) rose 0.4% over the previous month and 3.5% over the prior year in March, an acceleration from February’s 3.2% annual gain in prices. The data matched
Sunniva Kolostyak: Welcome to Morningstar. Today I am joined by Edmund Harriss, the CIO of Guinness Global Investors. Edmund, thank you very much for being here. Edmund Harriss: Hi, very nice to see you. SK: So, you also manage the Asian Equity Income fund, and I would love to start there. Would you like to
Mortgage rates remained unchanged last week despite the release of the stronger-than-expected jobs report. HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.16% on Tuesday, unchanged from one week earlier. At the same time one year ago, the 30-year fixed rate averaged 6.46%. Meanwhile, the 15-year fixed rate averaged
Federal Reserve Bank of Atlanta President Rafael Bostic joins Market Domination at 3:15 p.m. ET to discuss his take on inflation and what he sees ahead for interest rates. Bostic has said that he expects only one rate cut this year. The interview comes ahead of Wednesday’s big Consumer Price Index report. The data will
More viewers are cutting the cord in favor of less expensive streaming packages. But Alphabet-owned YouTube (GOOG, GOOGL) has seen success by mimicking the one thing consumers seem to be ditching. YouTube TV, the internet pay-TV service that allows viewers to watch live channels and access local broadcast networks like ABC, CBS, FOX, and NBC,
On Wall Street in the week ahead, investors’ major focus would be on inflation data for March and the minutes of the Federal Reserve’s March monetary policy meeting. Following last week’s strong jobs report that dented interest rate cut odds, investors will closely watch the consumer prices data and the Fed minutes for clues about
In this article, we will discuss the 10 stocks whose price targets were recently trimmed by analysts. If you want to see more such stocks on the list, go directly to Wall Street Analysts Just Trimmed Price Targets for These 5 Stocks. Amidst fading expectations of interest rate cuts, the stock market exhibited mixed trends, with