Traders See Just One 2025 Fed Rate Cut After Hot Inflation Data
The Fed has made “a pretty big pivot from focusing on the labor market, which was a concern at the tail end of last year, to now focusing on inflation,” said Anastasia Amoroso, iCapital Network’s chief investment strategist, on Bloomberg Television just ahead of the report.
S&P 500 ends down as hot US inflation data hints at fewer rate cuts
The S&P 500 ended down on Wednesday after a hotter-than-expected U.S. inflation reading added to worries that the Federal Reserve would not cut interest rates anytime soon, while CVS Health and Gilead Sciences rallied after upbeat quarterly reports.
US inflation picked up broadly at the start of the year, further undercutting chances of multiple Federal Reserve ...
Voters elected Trump to find a way to curb the hotter inflation that occurred under President Joe Biden. But the president ...
Federal Reserve Chair Jerome Powell will tell the Senate banking committee the Fed isn't "in a hurry" to resume its interest rate cutting campaign.
Inflation’s recent uptick is a major reason the Federal Reserve has paused its interest rate cuts, after implementing three ...
Along with inflation, the Fed is also weighing employment data. If the job market remains robust by official standards, ...
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