CPI edged higher in December, complicating the Fed's upcoming decision on rate cuts
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The Dow plunges 600 points as a strong jobs report and inflation fears crush rate cut hopes
The Dow fell 600 points on Friday morning after new job reports surpassed expectations, and the Federal Reserve indicated ...
Stocks open sharply higher as Wall Street gets relief from softer-than-expected core CPI inflation data
U.S. stocks were surging on Wednesday morning as Treasury yields fell after core inflation data came in below expectations, boosting bets that the Federal Reserve will still be able to cut interest ...
US inflation likely remained sticky-high last month, threatening interest rate cuts
Fed Chair Jerome Powell has said the central bank will keep its key interest rate elevated until inflation is back to 2%. As ...
US economy likely added 153,000 jobs last month, returning to normal after strike and hurricanes
Forecasters surveyed by the data firm FactSet expect that U.S. payrolls grew by 153,000 ... he says, that would be seen by ...
CBS News on MSN11d
Strong December job growth could augur fewer Fed interest-rate cuts. Here's why.
The economy was expected to add 153,000 jobs last month, according to economists polled by financial-data firm FactSet. The unemployment rate ... kicking off a flurry of interest rate hikes from the ...
The Washington Post12d
Next Week: Producer prices, consumer prices, retail sales
3.5 Source: FactSet. Eye on inflation The Labor Department ... That has raised warning flags for the Federal Reserve, which cut interest rates three times in 2024, but has signaled that it will ...
MarketWatch27d
Why stocks and bonds slumped — and market volatility soared — after Fed meeting
Stocks and bonds sold off after the Federal Reserve ended its policy meeting ... skyrocketed 74% Wednesday to 27.6, according to FactSet data.
Average mortgage rate reaches 7% for first time since May
The average 30-year fixed rate rose to 7.04% for the week ending Thursday, according to mortgage giant Freddie Mac. The ...
Pensions&Investments6d
Softer-than-expected core inflation data suggests Fed will not cut rates anytime soon, asset managers say
The Fed has considered the inflation rate a key factor in its monetary policy decisions. The Fed’s key short-term interest ...