US Stocks Rise Amid Renewed Hopes of Fed Rate Cuts
Stocks on the New York Stock Exchange resumed their rally on Wednesday following a pause during the previous session after a top Federal Reserve official hinted that the central bank is done with its interest rate hikes and is now open to rate cuts.
The...
Inflation Gauges May Support End of U.S., Eurozone Rate Hikes
Inflation gauges in the United States and Europe have indicated that inflation is rising at its lowest level since early and mid-2021, thereby raising bets that interest rates will not be raised again.
Set to be published on Thursday, the personal consumption expenditures price...
Stocks Remain Steady as Investors Hope for Rate Cuts
New York stocks remained steady on Monday as a holiday-shortened week of trading got underway. Futures on the S&P 500 and the Dow Jones Industrial Average remained stagnant, while those on the Nasdaq 100 edged 0.2% upwards. This comes as investors become hopeful that...
Boston Fed President Warns That Further Rates Hikes Possible
Federal Reserve Bank of Boston President Susan Collins has warned that policymakers may still consider further rate hikes as inflation continues to cool. "In order to get back down to 2% in a reasonable amount of time we need to be patient and resolute, and...
Stocks Rally as Markets Expect Central Banks to End Rate Hikes
Global stocks rose on Wednesday as cooler-than-expected inflation readings in the US and the UK have convinced investors that the US and UK central banks will bring their rate hikes to an end.
In New York, the S&P 500 advanced a further 0.3% after rallying...
Home Improvement Spending to Tank Amid High Interest Rates
Harvard University’s Joint Center for Housing Studies’ latest Leading Indicator of Remodeling Activity report projected total spending on home improvement and repairs to fall by 7.7% over the next four quarters to $452 billion. High interest rates, paired with less savings are limiting homeowners'...