The Latest Breaking News from Interest Rates

When asked what they expect the rate of inflation to be five years from now, respondents gave a median answer of 3.2%

Blue-chip shares struggled today as investors opted not to take new positions ahead of a significant week for the outlook on borrowing costs.

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +0.34%, and Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +0.45%. Stock index futures this morning are moderately higher after a smaller-than-expected increase in Nov ADP employment bolstered speculation the Fed is done raising interest rates. Stock index...

The weak economy probably means the next RBA rates move – short of an inflation surprise next month – will be a cut

December S&P 500 futures (ESZ23) are trending up +0.25% this morning as the latest U.S. employment data fueled bets that the Federal Reserve will cut interest rates as soon as March, with investors’ focus now turning to the ADP National Employment numbers due later in the day.

Asian stocks rose Wednesday after a tepid start to the week as data pointing to a softening US labour market restoked hopes the Federal Reserve will cut interest rates in the new year.

Economy grows more slowly than expected, with consumer spending flat under the pressure of high interest rates

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.42%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.05%. Stocks this morning are mixed. Bond yields tumbled today...

U.S. employers posted 8.7 million job openings in October, the fewest since March 2021, in a sign that hiring is cooling in the face of higher interest rates yet remains at a still-healthy pace