(Bloomberg) — The Federal Reserve’s favored inflation yardsticks are poised to show the tamest monthly advances since late last year — a stepping stone for officials to begin lowering interest rates, possibly as soon as September. Most Read from Bloomberg Economists expect no change in the May personal consumption expenditures price index and a minimal
After a rough start to 2024, the latest inflation data may very well mean more fuel for the current stock market rally. “Inflation falling continues to be one of the primary factors behind the bull market in stocks,” Julian Emanuel, who leads Evercore ISI’s equity, derivatives, and quantitative strategy, wrote in a note to clients.
By Lisa Pauline Mattackal and Johann M Cherian (Reuters) – Futures for the S&P 500 and Nasdaq indexes extended gains on Thursday while the Dow pared losses, as lower-than-forecast producer inflation data fanned expectations of interest rate cuts from the Federal Reserve. A rally in tech stocks persisted in premarket trading, putting the Nasdaq on
US stocks were little changed Friday afternoon with Wall Street pausing on the run towards bullish milestones as investors dithered over the odds for rate cuts. The Dow Jones Industrial Average (^DJI) held steady on the heels of touching the key 40,000 level for the first time during Thursday’s trading. The S&P 500 (^GSPC) ticked
(Reuters) – U.S. stock index futures slipped on Friday, near the end of a week of sharp Wall Street gains underpinned by hopes of Federal Reserve interest rate cuts after softer-than-expected consumer inflation data. All three main indexes had touched record highs on Thursday and the Dow briefly crossed the 40,000 milestone, before reversing gains
(Bloomberg) — The stock market struggled to gain much traction after data pointed to an economy that is slowing amid stubborn inflation, posing a challenge to the outlook of Federal Reserve policy. Most Read from Bloomberg Equities wavered and bond yields rose following a report that showed US consumer sentiment declined to a six-month low