City Powell, county Jerome Financial News
01.04 / 15:49
markets
UPS
Manufacturing
Food
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reports
inflation data
Stocks rise as US inflation data still suggest rate cuts
European and US equity futures rose Monday as US inflation figures did little to alter views that the Federal Reserve will cut interest rates this year.
01.04 / 15:49
01.04 / 04:31
01.04 / 02:39
Manufacturing
Analysis
CME
show
Department
Rate Cut
Gold hits record high on rising hopes for Fed rate cut in June
Gold prices touched a record high on Monday after data showed that U.S. inflation moderated in February, boosting bets for the Federal Reserve's June interest rate cut. FUNDAMENTALS * Spot gold rose 1% at $2,255.39 per ounce, as of 0103 GMT. Bullion hit a record high of $2,256.09 per ounce earlier in the session.
01.04 / 02:39
markets
UPS
Citi
Analysis
show
Department
Rate Cut
rate cut bets
Dollar steady as PCE data sets up June rate cut bets; yen in focus
dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervention. The personal consumption expenditures (PCE) price index rose 0.3% in February, the Commerce Department's Bureau of Economic Analysis said on Friday, compared with the 0.4% rise that economists polled by Reuters had forecast.
31.03 / 05:19
markets
economy
pandemic
Experts
show
reports
prevention
Charting the global economy: US inflation cools; Japanese Yen stays weak
Federal Reserve cooled last month, and consumer spending rebounded sharply. Earlier in the week, the collapse of a major bridge in Baltimore will cause weeks or months of transportation disruptions in the Mid-Atlantic region and accelerate a shift of cargo to the US West Coast. In Japan, the yen weakened to levels last seen in 1990, prompting multiple officials to affirm their commitment to intervene if necessary.
30.03 / 13:33
markets
COST
Target
economy
Powell says Fed wants to see 'more good inflation readings' before it can cut rates
Federal Reserve Chair Jerome Powell reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won’t be ready to do so until it sees “more good inflation readings’’ and is more confident that annual p...
30.03 / 04:15
COST
economy
Food
show
track
reports
Powell reiterates Fed doesn't need to be in a hurry to cut interest rates
Jerome Powell repeated that the US central bank isn't in any rush to cut interest rates. «We don't need to be in a hurry to cut,» Powell said Friday at an event at the San Francisco Fed. Fresh inflation data released earlier is «pretty much in line with our expectations,» he said. But Powell reiterated it won't be appropriate to lower rates until officials are confident inflation is on track toward their 2% goal.
29.03 / 18:15
UPS
Target
Remark
Food
show
Interviews
NOT
inflation data
Fed need not be in hurry to cut rates, inflation data within expectations: Jerome Powell
annual rate of 2.5 per cent in February, up 0.1 percentage points from a month earlier. The personal consumption expenditures (PCE) price index data released on Friday "is what we were expecting," Powell said, and even though the numbers showed less of a slowdown than last year, "you won't see us overreacting." The data last month were "not as low as most of the good readings we got in the second half of last year, but it's definitely more along the lines of what we want to see," Powell said during an appearance at the San Francisco Fed where he was interviewed by Kai Ryssdal of public radio's "Marketplace" program.
26.03 / 05:37
markets
Waters
Flushing
wellness
Trade
show
Gold Prices
Gold prices muted amid scant trading cues; copper reverses course
Investing.com-- Gold prices fell slightly in Asian trade on Tuesday as anticipation of key signals on U.S. inflation and the Federal Reserve dissuaded big trades, while recent strength in the dollar also weighed.
26.03 / 02:05
markets
Target
DOW
Action
Micron
Trade
US stock futures inch higher as AI rally continues; inflation cues awaited
Investing.com-- U.S. stock index futures rose slightly in evening deals on Monday, recovering some ground after a negative session on Wall Street as markets remained largely on edge ahead of more cues on inflation and the Federal Reserve.
25.03 / 21:37
ETF
economy
Remark
President
reports
inflation data
Gold Prices
Gold prices inch higher as dollar slips ahead of Fed speak, inflation data
Investing.com-- Gold prices rose Monday, attempting to steady following a recent wobble as dollar strength eased and gold exchange-traded-funds recorded a first inflow ahead of a slew of remarks from Federal Reserve members and key inflation report later this week.
25.03 / 21:37
markets
UPS
Action
Opinion
Hennessy
country
reports
Why Gold Will Keep Rallying on Lower Rates, Central Bank Demand
Gold staged a blinding comeback last week, surging to fresh all-time highs above $2,200 an ounce. The rally, which has added around 10% to gold’s value since mid-February, caught many market watchers off-guard. But for those of us who’ve stuck with the yellow metal through its ups and downs, the price action is the vindicating result of several powerful forces aligning in bullion’s favor.
25.03 / 21:37
markets
Digital
CEO
security
Remark
President
Stock market today: S&P 500 ends lower as big tech stumble weighs
Investing.com-- The S&P 500 closed lower Monday as big tech took breather ahead of key market-moving events this week including an update on inflation and remarks from Federal Reserve officials.
25.03 / 13:57
markets
DOW
show
performer
reports
Dow Jones, Nasdaq, S&P 500 weekly preview: Markets await PCE data
Last week, the three major US stock indices witnessed a largely positive performance. Specifically, the S&P 500 saw a minor decrease of 0.14%, closing at 5,234.18, while the Nasdaq Composite edged higher by 0.16%, finishing at 16,428.82, marking another record close.
25.03 / 13:05
COST
UPS
Fox
economy
President
show
track
Rate Cut
Fed rate cut plans may boost Joe Biden's prospects for US Presidential Polls 2024
WASHINGTON : The US Federal Reserve looks on track to cut interest rates as the presidential campaign season heats up, potentially delivering President Joe Biden a boost as polls show Americans dislike his handling of the economy. The Fed could play an outsized - and potentially uncomfortable - election-year role by helping shape attitudes about stubbornly high inflation and mounting housing costs that have been a drag on Biden's reelection efforts.
25.03 / 11:17
25.03 / 10:59
COST
UPS
Fox
economy
Election
President
show
Rate Cut
Will Federal Reserve give some ammunition to Joe Biden with rate cut before elections?
Federal Reserve looks on track to cut interest rates as the presidential campaign season heats up, potentially delivering President Joe Biden a boost as polls show Americans dislike his handling of the economy. The Fed could play an outsized — and potentially uncomfortable — election-year role by helping shape attitudes about stubbornly high inflation and mounting housing costs that have been a drag on Biden's reelection efforts. Rate cuts will also invite critics — Republican challenger Donald Trump chief among them — to argue an agency set up to be an independent monetary authority is tipping the political scales toward Biden.
24.03 / 17:25
markets
ETF
DOW
trends
reports
travelers
1 Stock to Buy, 1 Stock to Sell This Week: Carnival, Walgreens Boots Alliance
Wall Street’s three major indexes closed mixed on Friday to notch their best week of 2024 after the Federal Reserve stuck with projections for three interest rate cuts by year's end and amid continued optimism over artificial intelligence.
24.03 / 13:05
markets
COST
UPS
Reuters
Remark
Food
Top 5 things to watch in markets in the week ahead
Investing.com — Investors will be looking ahead to data due out when markets are closed on Friday for the latest read on U.S. inflation. Several Federal Reserve officials, including Chair Jerome Powell, are slated to speak and their comments will be closely watched after last week’s dovish remarks by the Fed head. Here’s what you need to know to start your week.
23.03 / 00:59
markets
UPS
Remark
Limelight
show
Updates
Fed speakers could be set for hawkish podium after Powell released the doves
Investing.com -- After Federal Reserve chairman Jerome Powell's dovish remarks this week gave the greenlight for bets on more rate cuts, the Fed's chief fellow colleagues are set to hog the limelight and could likely strike a hawkish tone to send Treasury yields on the up and up.
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