Federal Reserve

The Federal Reserve, under Jerome Powell, kept interest rates within the 5.25-5.50% range for the seventh consecutive meeting on Wednesday, as widely anticipated by the market. This decision highlights the contrasting perspectives of prominent economic voices Mohamed El-Erian and Peter Schiff...

The Federal Reserve decided to keep interest rates unchanged within the 5.25-5.50% range for the seventh consecutive meeting on Wednesday, as widely anticipated by the market. However, the updated Summary of Economic Projections (SEP) deliver a hawkish surprise for markets, indicating fewer...

A lower-than-expected inflation report for May ignited a bullish frenzy on Wall Street, with investors increasing their bets on rate cuts, bolstered by growing confidence that the Federal Reserve will ease its policy stance later this year as price pressures trend towards the 2% target. The...

Consumer Price Index (CPI) data released by the U.S. Bureau of Labor Statistics on Wednesday was cooler than expected. Shortly afterward, Nobel Prize-winning economist Paul Krugman reacted to the data, expressing optimism about the economy’s future. What Happened: Krugman posted on the social...

May’s inflation report was cooler than economists had predicted, boosting confidence in the Federal Reserve’s ability to steer the annual price index variation back toward its 2% target. The headline inflation rate decelerated to 3.3% year-over-year in May 2024, down from the previous...

Benzinga polled its readers to see what they thought ahead of the June Federal Open Market Committee (FOMC) on Wednesday. "How do you expect this decision to impact the stock market in the short term?" Benzinga asked. Only 31% of respondents believed Wednesday's FOMC decision would have a positive...

A cooler-than-expected U.S. inflation report fueled a rally on Wall Street, ahead of the highly anticipated Federal Open Market Committee (FOMC) meeting at 2:00 p.m. Wednesday. What happened: Inflation slowed to 3.3% annually in May, below both the expected and previous rate of 3.4%. On a monthly...

The market appears poised for further gains on Wednesday, building on the strength of the S&P 500 and Nasdaq Composite, which hit record highs in the previous session. Index futures are trading modestly higher in early pre-market trading. However, the sustainability of these gains and potential...

Wall Street traded slightly in the red on Tuesday morning as markets took a cautious stance ahead of the inflation report and the Federal Open Market Committee (FOMC) meeting on Wednesday. The S&P 500 dipped 0.2% by 12:55 p.m. in New York, marking its worst daily performance month-to-date....

For the first time since June 2020, the Consumer Price Index (CPI) report will be released on the same day as the Federal Open Market Committee (FOMC) meeting. This sets up a potentially volatile Wednesday for financial markets. Following three consecutive months of higher-than-expected inflation...

U.S. stock futures point to a weak start on Tuesday, signaling a pause after Monday’s record run. Global cues are negative and commodity prices weakened as well. Traders may prefer to wait it out until the Federal Reserve meeting and May inflation reports. A cooler inflation report and/or a...

Wall Street is experiencing a quiet trading session on Monday, with major indices showing little movement by midday in New York, as traders maintain a cautious stance ahead of the highly anticipated inflation report and Fed meeting this Wednesday. U.S. stocks have erased early session losses...

A vibrant labor market dashed expectations of an interest rate cut soon. May's startling uptick in the pace of job additions and wages increased the belief that the Federal Reserve will hold rates at record highs through this summer and maybe beyond. Nonfarm payrolls increased by 272,000 in May...

The Federal Reserve is poised to keep the federal funds rate at 5.25%-5.5% for the seventh consecutive meeting in June, likely emphasizing that more time is needed to be confident that inflation will hit its target before contemplating any rate cuts. The key focus for market participants will be on...

U.S. stocks are poised to start Monday’s session in the red as traders brace for the all-important decision from the Federal Reserve’s monetary policy committee on Wednesday and the May inflation report ahead of the rate decision. Although the futures market has factored in a Fed pause...