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Federal Reserve Project One Rate Cut in 2024

During a meeting on Wednesday, the Federal Reserve kept its benchmark interest rate unchanged. Additionally, the U.S. central bank projected just one interest rate cut compared to the previously expected three cuts. The Fed’s rate remained steady for almost a full year at 5.25% to...

Consumer Price Index Comes in Hotter in March

The US Bureau of Labor Statistics released the Consumer Price Index report for March, with inflation appearing to be back on the rise. The CPI rose 0.4% compared to the previous month while gaining 3.5% compared to the same month in 2023. Both CPI...

Futures Stall as Markets Await Fresh Inflation Data

Futures on the New York Stock Exchange remained stagnant during early trading on Monday as investors cautiously await inflation data to be released later in the week. With the Consumer Price Index (CPI) set to be released on Wednesday, markets will be waiting to...

Stocks Rise Following Relief Over Inflation Data

U.S. futures and European equities rose on Friday after the latest US PCE report largely met expectations, thereby doing little to rock the boat in terms of markets' fears of an inflation resurgence and the pace at which the Federal Reserve introduces its interest...

PCE Inflation Report Threatens to Delay Fed Rate Cuts

Investors are bracing for the release of the Personal Consumption Expenditures (PCE) report on Thursday, with markets concerned that hotter-than-expected inflation data could further delay the Federal Reserve's introduction of interest rate cuts. Core PCE is set to come in at 2.8% for the...

U.S. Futures Decline Ahead of Inflation Report

Futures on the New York Stock Exchange declined on Wednesday ahead of a crucial inflation report that is expected to provide insight into the Federal Reserve's monetary policy, and in particular, the timing of its interest rate cuts. Contracts listed on the Dow Jones Industrial...