Australian shares gain ground as US inflation cools The ASX200 has finished 0.4 per cent higher after US inflation eased in May, even as the Federal Reserve predicted just one rate cut in 2024. AAP · Jun 13, 2024
Asian Stocks Build On Wall St Records After US Inflation Data Asian traders extended a rally across world markets Thursday as they welcomed figures showing US inflation slowed further last month, tempering concerns about the Federal Reserve's forecast of just one interest rate cut this year. International Business Times · Jun 13, 2024
Inflation is cooling, but not fast enough for the Fed: Policymakers now expect only one rate cut in 2024 It was a double-whammy Wednesday for economic-data enthusiasts. The Conversation · Jun 12, 2024
The Fed just penciled in only one interest rate cut this year—but officials are divided on policy While seven Fed officials are projecting one rate cut this year, four see no cuts, and eight see two cuts in a sign of a divided central bank. Fortune · Jun 12, 2024
US Federal Reserve keeps rates steady despite softer inflation data The US Federal Reserve has decided to keep its lending rate unchanged at the current 5.25-5.50 percent range and projected just one rate cut this year, despite soft inflation data. But first, the European Commission has informed China that it will impose new tariffs of up to 38 percent on… France 24 · Jun 12, 2024
Stocks Finish Mostly Higher as Tame CPI Bolsters Fed Rate Cut Hopes The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +0.85%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.33%. Stock indexes Wednesday settled mixed, with the S&P 500 and Nasdaq 100 posting new... Barchart · Jun 12, 2024
Stocks Mixed As Inflation Report And Fed Projections Released Stocks had a mixed day as investors analyzed inflation data and Fed's rate projections, with Dow down, S&P up, and Nasdaq hitting records. Top News · Jun 12, 2024
Stock Market Today: Stocks Mixed After May CPI, Fed Meeting The May CPI report came in better than expected, but the Fed still lowered its rate-cut expectations for the year. Kiplinger · Jun 12, 2024
Dollar Falls Despite Hawkish FOMC The dollar index (DXY00 ) Wednesday fell by -0.57%. The dollar retreated Wednesday after the US May CPI rose less than expected, boosting expectations for Fed easing later this year. Also, Wednesday’s rally in the S&P 500 to a new record high reduced liquidity demand for the dollar. The dollar... Barchart · Jun 12, 2024
3 Value Stocks to Buy for Bargain Hunters Amid macroeconomic challenges like high inflation, recession threats, and global uncertainties, value stocks such as GSK (GSK), Expedia Group (EXPE), and Albertsons (ACI) offer promising opportunities for savvy bargain hunters. Read on. StockNews.com · Jun 12, 2024
Fed Holds Rates Steady, Sees Just One Cut This Year: What the Experts Are Saying The Federal Reserve kept interest rates unchanged and penciled in one quarter-point cut in 2024. Kiplinger · Jun 12, 2024
Wall Street Reacts To Federal Reserve's 2024 Rate Cut Plan Insights on the Federal Reserve's cautious approach to rate cuts in 2024 and its implications on inflation and economic stability. Top News · Jun 12, 2024
Federal Reserve Signals One Rate Cut In 2024 Market reacts to Fed's decision on interest rates and inflation, highlighting the importance of monitoring economic conditions and central bank policies. Top News · Jun 12, 2024
Federal Reserve holds interest rates at two-decade high as it waits for inflation to cool Instead of cutting rates, central bank keeps them between 5.25% and 5.5%, where they have been for nearly a year The Guardian - US · Jun 12, 2024
Top News · Jun 12, 2024 Federal Reserve Holds Rates Steady Despite Lower Inflation Inflation decreases to 2.7% from 7%, but Federal Reserve remains cautious about rate cuts.
The Conversation · Jun 12, 2024 Four tips to avoid being bamboozled by political statistics and data With a plethora of elections around the world in 2024, voters considering their options can expect to be presented with all kinds of numbers and statistics aimed at giving credibility to various claims from various parties. But data, graphs, percentages and surveys can be misleading or manipulated.
Top News · Jun 12, 2024 Fed's Uncertain On Interest Rate Cut Amid Stagnant Inflation Financial analysts express uncertainty on interest rate cut timing post-Fed meeting. Fed's projection hints at a single rate cut this year.
Top News · Jun 12, 2024 Inflation Shows Signs Of Slowing, Some Prices Falling US inflation shows signs of slowing down as prices drop in various categories, providing relief to consumers.
Top News · Jun 12, 2024 Stocks Surge To Record Highs On Inflation Report Stock market surges to record highs on Wednesday, later retreats on inflation report analysis. Investors await Federal Reserve's interest rate decision.
Kiplinger · Jun 12, 2024 May CPI Report Comes in Soft: What the Experts Are Saying About Inflation A slowdown in inflation keeps the Fed on track for rate cuts later this year.
Barchart · Jun 12, 2024 S&P 500 and Nasdaq 100 Post Record Highs as US Inflation Cools The S&P 500 Index ($SPX ) (SPY ) today is up +1.13%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.50%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.33%. Stock indexes today are trading higher, with the S&P 500 and Nasdaq 100 posting...
The Guardian - AU · Jun 12, 2024 Obsessing over the inflation rate misses one key point: the economy is more than just how fast prices are rising Those who salivate over other nations’ interest rates with barely any care for people losing their jobs really need to think about their priorities
Top News · Jun 12, 2024 Biden Administration Welcomes Decrease In May Inflation Rate Biden administration welcomes decrease in inflation but acknowledges ongoing economic challenges.
Fortune · Jun 12, 2024 Investors celebrate as an ‘unequivocally good’ inflation report opens the door for Powell to cut rates this fall Fitch Ratings’ head of U.S. economic research called the CPI report “a delightful appetizer while we await the main course.”
Barchart · Jun 12, 2024 Stocks Rally and Bond Yields Fall as US Consumer Prices Ease The S&P 500 Index ($SPX ) (SPY ) today is up +1.06%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.82%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.19%. Stock indexes today are trading higher, with the S&P 500 and Nasdaq 100 posting...