All three of the US market averages (^DJI, ^IXIC, ^GSPC) fell by over 1.5% each — the Nasdaq Composite and Dow Jones Industrial Average both declined by 1.63% — in response to December's jobs data reported this morning.
Wall Street on Friday erased all the gains made in the fledgling year, after a hotter-than-expected jobs report led to analysts and traders significantly dialing back their odds of further Federal Reserve rate cuts.
Stocks surged on Wednesday after the latest consumer price index report showed core inflation unexpectedly slowed in December.
U.S. stock futures were mostly rising Thursday after a surprise cooldown in a key inflation measure appeared to boost the chances that the Federal Reserve will cut interest rates at some point this year.
Stocks traded lower Thursday, with the S&P 500 on pace to end a three-day winning streak, as big tech shares pulled back.
U.S. stocks were surging on Wednesday morning as Treasury yields fell after core inflation data came in below expectations, boosting bets that the Federal Reserve will still be able to cut interest rates this year.
The U.S. Bureau of Labor Statistics said headline PPI rose 0.2% M/M in December 2024, versus a consensus of +0.4% and November's reading of +0.4%. Even more notably, core PPI was flat M/M, significantly lower than the expected rise of 0.3%.
This article was originally published on WealthyVC.com. Core inflation in the US cooled more than expected in December, sparking optimism about the Federal Reserve’s path for interest rates in 2025. The Consumer Price Index (CPI),
Will BOJ raise rates to 0.5% as inflation hits 15-month high? Markets watch Lagarde's Davos speech while Euro eyes 104bps of expected rate cuts.
U.S. consumer prices rose in December by less than forecast, a welcome stepdown that helped arrest a deep selloff in bond markets and reinvigorate bets that the Federal Reserve will
On Inauguration Day, we provide a look at various metrics on the state of the country at the start of President Donald Trump's second term.
You’ll need a minimum of $2 million to cover the basic costs of retirement in Hawaii, the highest of all states.