The Latest Breaking News from Jerome Powell

December S&P 500 futures (ESZ23) are up +0.07%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.05% this morning as investors looked ahead to comments from Fed Chair Jerome Powell for more clues about the path of interest rates.

Nationwide reports house prices only fell 2% in year to November, and rose during the month, as mortgage rates fall

"Our first priority will be to survive the next few decades of instability and chaos."

The main indexes were choppy to start the week, though several e-commerce stocks jumped on encouraging online holiday shopping numbers.

December S&P 500 futures (ESZ23) are down -0.19%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.18% this morning as market participants looked ahead to comments from Fed Chair Jerome Powell and other Fed officials while also awaiting the release of the Fed’s favorite inflation gauge later in the…

U.S. housing data, manufacturing in China and earnings of retailers and Canadian banks are also scheduled for the next few days.

The U.S. Fed has dashed rate-cut hopes on multiple occasions, but the unanimous view seems to be calling for rate cuts in 2024. Here are the two best stocks to buy ahead of an eventual rate cut.

But many economists say a key reason why so many Americans hold a gloomy view of the economy is that prices — on items that they buy regularly — remain much higher than they were three years ago.

Consumer price rises were down from 3.7% in September continuing a downward trend from high of 9.1% in June 2022