County Jerome Financial News
17.05 / 16:47
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COST
security
economy
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Experts
Interest costs on the national debt just surpassed spending on defense, Medicare
UBS Wealth Management SVP Brenda O’Connor Juanas and the Lonski Group founder John Lonski discuss the earnings season and share their market outlook for 2024 on 'Mornings with Maria.'
17.05 / 02:51
markets
Target
economy
President
reports
Interviews
Fed remains cautious on cuts even as data improves
U.S. Federal Reserve good news on two fronts but policymakers haven't openly shifted views yet about the timing of rate cuts investors are convinced will start this year. Comments from Fed officials including the vice chair of the rate-setting Federal Open Market Committee, New York Fed President John Williams, acknowledged the positive turn this week when U.S. government agencies reported that consumer prices rose more slowly than expected in April, and that retail spending had not increased at all during the month in a possible sign consumers are pulling back.
16.05 / 18:07
markets
COST
Provident
Target
Sustainability
Long-term mortgage rates retreat for second straight week, US average at 7.02%
The average rate on a 30-year mortgage in the U.S. fell for the second straight week, giving some relief to home shoppers already facing sky-high prices and a shortage of supply
16.05 / 11:49
Ethereum Price
Jerome Powell
Bitcoin Etf
Bitcoin Price
crypto price today
BTC ETF
Cryptocurrency Price on May 15: Bitcoin dips below $62k ahead of US inflation report today
Overnight data showed U.S. producer prices increased more than expected in April, indicating that inflation remained stubbornly high early in the second quarter.
15.05 / 12:55
markets
COST
Reuters
Progressive
trends
show
Department
US consumer prices rise 0.3% in April; core CPI slows
consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost to financial market expectations for a September interest rate cut. The consumer price index rose 0.3% last month after advancing 0.4% in March and February, the Labor Department's Bureau of Labor Statistics (BLS) said on Wednesday. In the 12 months through April, the CPI increased 3.4% after climbing 3.5% in March. Economists polled by Reuters had forecast the CPI gaining 0.4% on the month and advancing 3.4% year-on-year.
15.05 / 03:09
markets
UPS
Action
GameStop
Trade
Top crypto
GME
Top Crypto Gainers Today on DEXScreener – RWIF, DUMB, GME
Trading conditions were broadly bearish on Tuesday as traders focused on a hotter-than-expected US PPI report and commentary from Fed Chair Jerome Powell, with traders having to turn to the on-chain meme coin markets in the hunt for top crypto gainers today.
15.05 / 02:59
Reuters
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testing
Dollar droops ahead of crucial CPI test; yen under pressure
dollar traded near a one-month low versus the euro on Wednesday amid lower Treasury yields as traders braced for a key U.S. inflation report later in the day that could dictate the path of Federal Reserve policy. The yen languished near a two-week low, as a still-gaping yield gap between local bonds and U.S. peers continued to encourage selling of the Japanese currency.
15.05 / 02:59
markets
UPS
MSCI
Nikkei
President
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reports
Stocks rise, dollar drifts ahead of US inflation report
Asian stocks rose on Wednesday while the dollar drifted lower as traders weighed mixed U.S. producer price data and braced for the crucial consumer price report later in the day that is likely to influence the Federal Reserve's near-term policy path. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.38%, scaling a fresh 15-month high earlier in the session. Japan's Nikkei gained 0.58%.
15.05 / 02:59
markets
COST
UPS
Target
President
Gold Prices
Gold prices edge lower as traders eye US data for Fed clues
Gold prices inched down on Wednesday ahead of a key U.S. inflation data that could offer insight into the Federal Reserve's interest rate trajectory.
15.05 / 02:59
markets
UPS
Trade
show
country
evacuation
Oil prices up on wildfires in Canada, US inventories drawdown expectations
Oil prices rose in early trade on Wednesday as large wildfires were threatening Canada's oil sands and as the market expected U.S. crude oil and gasoline inventories to show a drawdown later in the day. Brent crude futures were up 34 cents, or 0.4% at $82.71 a barrel. U.S. West Texas Intermediate crude futures (WTI) rose 38 cents, or 0.5%, to $78.39 a barrel by 0016 GMT.
15.05 / 02:59
markets
UPS
DOW
show
reports
Nasdaq hits record close after Powell reassures investors, CPI in focus
Nasdaq scored a record closing high on Tuesday and the S&P 500 and the Dow also advanced as Federal Reserve Chair Jerome Powell reassured investors while they digested Tuesday's data and waited for Wednesday's crucial consumer inflation report. U.S. producer prices increased more than expected in April as the cost of services and goods rose sharply, leading traders to pare back bets of a first rate cut in September.
14.05 / 23:23
markets
economy
wellness
reports
Department
patient
NOT
Fed's Powell says confidence that inflation will slow is 'not as high' as before
Wells Fargo CIO for Wealth & Investment Management Darrell Cronk says the April labor data was exactly what the Fed wanted to see on 'Making Money.'
14.05 / 19:29
Bitcoin
Best Crypto
wai
Best Crypto to Buy Now May 14 – SLOTH, DOGEVERSE, WAI
Crypto markets were in a sea of red on Tuesday in the wake of US PPI inflation data and comments from Fed Chair Jerome Powell, with investors struggling to pick which crypto to buy now.
14.05 / 17:47
markets
COST
UPS
economy
pandemic
show
reports
Fed's Powell downplays potential for a rate hike despite higher price pressures
Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again
14.05 / 17:41
markets
UPS
Platform
GameStop
Reddit
Trade
social
Explainer: Why are meme stocks on Wall Street rallying again?
ALSO READ: US stocks gain after producer prices data, Jerome Powell’s comments With colorful YouTube streams and Reddit posts, Gill made the bull case for GameStop in 2021, helping attract a flood of retail cash into the company. In Gill's 2021 testimony to Congress, he denied the notion that he used social media to profit by promoting GameStop to unwitting investors. Videogame retailer GameStop has rallied more than 139% since Friday close through Tuesday afternoon, set to add more than $9 billion to its market value.
14.05 / 15:41
markets
COST
Target
reports
Department
patient
Powell says inflation has been higher than thought and expects rates to hold steady
Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period.
14.05 / 15:05
Target
WhatsApp
reports
Department
Fed's Powell: PPI mixed, next move unlikely to be a rate hike
AMSTERDAM: Federal Reserve Chair Jerome Powell on Tuesday said the latest report on U.S. producer prices was more «mixed» than «hot» given that prior data was revised lower even as the figures for April came in higher than expected. «I wouldn't call it hot, I'd call it mixed,» Powell said at an event in Amsterdam after the Labor Department released the Producer Price Index for April.
14.05 / 15:01
markets
Target
Progressive
show
Watch Fed Chair Jerome Powell speak live to bankers group in Amsterdam
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14.05 / 01:03
markets
COST
economy
President
reports
rights
Are US interest rates high enough to beat inflation? The Fed will take its time to find out
The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year
13.05 / 17:17
13.05 / 12:27
markets
Provident
Strategy
reports
testing
Department
rights
Bond traders await CPI data following jobs report
Nothing has been setting the US bond market’s direction this year more than the monthly inflation figures. This week will be no exception.
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