The Latest Breaking News from US Federal Reserve

The FOMC is likelier to hike than cut rates in 2025 because the inflation trend is sideways, labor markets are healthy, and inflationary pressures are building.

U.S. wholesale inflation rose in December driven by energy prices. Despite being slightly lower than expected, the market responded positively.

Asian shares are mixed after gains for oil-and-gas producers helped offset drops for Nvidia and other Big Tech companies on Wall Street

Asian markets diverged Tuesday as bargain buying after recent losses played against ongoing worries about the outlook for the global economy and the impact of a second Donald Trump presidency.

The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.30%. March E-mini S&P futures (ESH25 ) are up +0.26%, and March E-mini Nasdaq futures...

The dollar index (DXY00 ) Monday rose by +0.23% and posted a new 2-year high. The dollar on Monday had carryover support from last Friday’s stronger-than-expected US Dec payroll report that reduced the chances of Fed rate cuts. Also, higher bond yields on Monday strengthened the dollar’s interest rate differentials...

Last week’s blowout jobs report has Wall Street wondering whether the Fed will continue its rate-cutting regime in 2025.

A combination of rising borrowing costs and dashed hopes of an imminent rate cut in the US hit London’s premier stock index.

The S&P 500 Index ($SPX ) (SPY ) today is down -0.35%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.49%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.75%. March E-mini S&P futures (ESH25 ) are down -0.42%, and March E-mini Nasdaq futures...