NEW YORK (AP) — The Federal Reserve’s decision on Wednesday to raise its key rate by half a point took it to a range of 4.25% to 4.5%, the highest level in 14 years. The Fed’s latest increase – its seventh rate hike this year – will make it even more expensive for consumers and …
November retail sales in China experience major misfires China’s industrial production for November rose 2.2%, after growing 5% in October, official data showed. That’s less than expectations for 3.6% growth in a Reuters survey. Retail sales fell 5.9% on an annualized basis, more than expectations of a 3.7% drop in a Reuters survey and a …
Asia-Pacific markets trade lower after Fed rate hike, signals more ahead Read More »
Dow Jones futures were little changed in extended trading, along with S&P 500 and Nasdaq futures. The stock market rally reversed on Wednesday after the Federal Reserve hit 5.1% as the new peak rate target and Fed Chief Jerome Powell demanded “much more evidence” that inflation is under control. X But stocks pared losses in …
Stocks fall on Fed outlook; Musk sells more TSLA Read More »
Dow Jones futures rose slightly in extended trading, along with S&P 500 and Nasdaq futures. The stock market rally reversed on Wednesday after the Federal Reserve hit 5.1% as the new peak rate target and Fed Chief Jerome Powell demanded “much more evidence” that inflation is under control. X But stocks pared losses in the …
Futures: Rally Falls on Fed Outlook; These actions shine Read More »
Federal Reserve policymakers expect to raise their key rate to 5.1% next year, a rate higher than what Wall Street expects. The new projections, released at the end of Wednesday’s Fed meeting, were revealed along with an expected rate hike of half a point. The S&P 500 initially reversed sharply lower. Stocks hit lows but …
Fed key rate could hit 5.1% in mild hawkish surprise Read More »
Consumer prices increase moderately in November Growth, real estate stocks rise as yields fall Moderna leaps on optimistic trial data Dow up 0.3%, S&P 500 up 0.73%, Nasdaq up 1.01% NEW YORK, Dec 13 (Reuters) – U.S. stocks rose on Tuesday after an unexpected rise in consumer prices boosted optimism that the Federal Reserve could …
Wall St rises after CPI data but Fed concerns persist Read More »
Dow Jones futures were down ahead of Tuesday’s open after the Dow Jones Industrial Average gained 528 points on Monday. Tesla stock slipped more than 6% on Monday, ending just past its 2022 lows. X Inflation data, Fed meeting Consumer inflation data is due out Tuesday morning. The CPI is expected to rise 0.3% for …
forward contracts; Stocks rally ahead of CPI inflation data, Fed meeting Read More »
China could reopen its border with Hong Kong before the Lunar New Year China may drop quarantine requirements for Hong Kong residents traveling to the mainland ahead of the Lunar New Year next month as part of the latest round of reopening measures, the South China Morning Post reported, citing official sources. close to the …
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. New York CNN — The Federal Reserve is almost certain to announce on Wednesday that it will raise interest rates again. But investors are hoping it will be a smaller increase than the …
The Fed will raise rates again. But that’s playing with fire | CNN Business Read More »
(Bloomberg) – Stocks have faced great volatility, with traders weighing mixed economic numbers amid bets they won’t be enough to stop the Federal Reserve from reducing the pace of tightening next week, as recently reported. Bloomberg’s Most Read The S&P 500 faltered as an unexpected drop in near-term inflation expectations tempered concerns with a warmer-than-expected …
Stocks wobble with swaps priced for Fed downgrade: Markets wrap Read More »
