Barclays economists on Friday said they now expect the Federal Reserve to make two cuts in interest rates in 2024, citing softening inflation- and labor-market data as reasons to revise its call from one cut. Barclays had previously expected one cut in September by the Federal Open Market Committee. ThisContinue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures climbed for a second straight session Thursday, as a tamer than expected U.S. inflation reading is seen raising the chances of a September interest rate cut by the Fed. The U.S. government reported the consumer price index declined 0.1% in June, falling forContinue Reading
mesut zengin/iStock via Getty Images Shares of solar and alternative energy companies posted broad gains on Thursday, booster by cooler than expected inflation data that raised hopes the Federal Reserve will start lowering interest rates sooner rather than later. U.S. consumer prices fell for the first time in more thanContinue Reading
Spencer Platt/Getty Images News Yardeni Research projected further gains for the S&P 500 (SP500)(SPY), raising its target to 5,800 for 2024 as it expects cooling inflation to lead the Federal Reserve into starting interest-rate cuts this year. The year-end target was raised from 5,400. The new projection implies a nearlyContinue Reading
sitox Inflation rates continued to ease in June, spurring traders in the fed funds futures market Thursday to boost the odds that the Federal Reserve will begin cutting interest rates at its September meeting. The probability of a September rate cut of 25 basis points shot up to 87.9% fromContinue Reading
monsitj/iStock via Getty Images Gold futures rallied past $2,400/oz in Thursday’s trading following a surprise drop in U.S. consumer prices in June, raising hopes that the Federal Reserve will soon start cutting interest rates. The latest data from the Bureau of Labor Statistics showed a 0.1% decline in consumer prices,Continue Reading
Bonnie Cash/Getty Images News Market research firm CFRA said it spotted three hints about the timing for interest rate cuts from Federal Reserve Chairman Jerome Powell’s policy testimony this week on Capitol Hill. Powell appeared before the House Financial Services Committee on Wednesday, wrapping up two days with lawmakers discussingContinue Reading
monsitj/iStock via Getty Images Gold futures gained Wednesday, following the equity markets higher after comments from Federal Reserve Chair Jerome Powell raised expectations for lower interest rates soon. Two days of congressional testimony from Powell appeared to indicate a favorable tilt toward cutting rates, saying progress is being made inContinue Reading
FotografieLink/iStock via Getty Images Get ready for Day 2 of testimony from Fed Chair Jerome Powell. Fresh off an appearance before the Senate Banking Committee, the central bank leader will sit before the House Financial Services Committee, with many investors watching his every word on rates, the current environment, andContinue Reading
baona The annual inflation rate in China ticked lower to 0.2% in June 2024 from 0.3% in the previous month, marking the fifth consecutive month of consumer inflation, albeit the lowest rate since March, amid weak domestic demand. Meanwhile, producer prices decreased by 0.8% year-on-year, in line with forecasts andContinue Reading
