What did Harris and Trump say about interest rates? What you should know before an important Fed decision.
Top line As the Federal Reserve convenes for one of its most consequential meetings in recent history, here’s what the presidential candidates have said about the Fed and its interest rate management during the campaign. While former President Donald Trump…
Jeremy Siegel: Fed should consider deeper rate cuts or risk recession
The entire debate about the upcoming Fed meeting revolves around whether Chairman Jay Powell will cut the key interest rate by 25 or 50 basis points. However, most economic models suggest that he will opt for the level the Fed…
Bloomberg Evening Briefing: Inflation data suggests a half-percentage-point rate cut is not possible
There was good news and bad news on U.S. inflation on Wednesday. The good news is that headline inflation is continuing its downward trend toward the 2% threshold desired by the Federal Reserve. The bad news is that if you…
Wall Street closes; hopes for a sharp Fed rate cut dampened
HISTORY: U.S. stocks closed higher on Wednesday, thanks to a rebound in technology stocks and despite inflation data that dampened investor sentiment earlier in the session. The Dow gained three-tenths of a percent, the S&P 500 climbed one percent and…
Why the Consumer Price Index (CPI) shouldn’t be the only inflation data investors should keep an eye on
All eyes are on the Federal Reserve as most expectations are for the start of a rate-cutting cycle. … (+) next week at the September meeting of the Federal Open Market Committee on September 17-18, 2024. Fed Chair Jerome Powell…
Inflation falls to three-year low; consumer price index rose by only 2.5 percent in August
The post-pandemic surge in inflation in the US continued to ease last month as year-on-year price increases hit a three-year low, paving the way for a rate cut by the Federal Reserve next week. The Labor Department’s report released Wednesday…
Billionaires sell Nvidia shares and buy an index fund whose price could rise by 43%, according to a Wall Street analyst
Artificial intelligence has been the dominant investment theme over the past two years. NVIDIA has stolen the spotlight. The company has reported triple-digit revenue growth over the past five quarters, and shares have increased more than sevenfold since January 2023,…
S&P 500 falls as fears mount ahead of jobs crisis: Markets Wrap
(Bloomberg) — Stocks have given up earlier gains as Wall Street becomes nervous in the countdown to the highly anticipated U.S. jobs report. Most read by Bloomberg The S&P 500 fell for the third day in a row, despite a…
Royal Caribbean’s “Utopia of the Seas” is a monument to the Fed’s irrelevance
TOPSHOT – This aerial photo from July 11, 2024 shows Royal Caribbean’s “Utopia Of The Seas”, … (+) is considered the largest cruise ship in the world and is docked at Port Canaveral in Cape Canaveral, Florida. (Photo by Miguel…
