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Fed’s preferred inflation gauge stayed elevated in September as spending weakened
Inflation stayed steady in September, easing the path for a possible Fed rate cut next week as consumer spending slows and job losses rise.
US mortgage rates fall to 6.19%, nearing yearly low
U.S. mortgage rates dropped to 6.19%, the lowest since October, boosting buying power as Fed rate cuts loom and housing demand improves.
Jobless claims fall to 3-year low ahead of Fed decision
WASHINGTON (AP) — U.S. applications for unemployment benefits fell to their lowest level in more than three years during Thanksgiving week, potentially complicating the Federal Reserve‘s upcoming decision on interest rates. The number of Americans applying for jobless benefits for the week ending Nov. 29 fell to 191,000 from the previous week’s 218,000, the […]
Wall Street pulls near its all-time high
U.S. stocks climbed as mixed economic data boosted hopes for a Fed rate cut, pushing the S&P 500 near its record high and easing Treasury yields.
US stocks rise as Wall Street looks to add to its winning streak
U.S. stocks climbed Wednesday as traders grew more confident the Fed will cut interest rates in December, with tech shares and strong retail earnings lifting markets.
Stocks climb on hopes for lower interest rates as Dow rallies 660 points
US stocks climbed as bond yields eased and traders priced in strong odds of a December Fed rate cut. Retailers and small-cap stocks led broad market gains.
Stocks rally ahead of Thanksgiving on Fed rate-cut hopes, AI surge
U.S. stocks climbed Monday as investors bet on a December Fed rate cut and AI giants boosted the market ahead of the Thanksgiving holiday.
Stocks rise as Wall Street rebounds from sharp swings
US stocks rebounded Friday after volatile swings, with the S&P 500 up 1% as investors weighed Fed rate-cut signals and Big Tech uncertainty.
Stocks sway as Nvidia earnings, jobs report test markets
NEW YORK (AP) — The U.S. stock market is swinging through another unsettled day of trading on Wednesday, ahead of a huge couple of tests for Wall Street. The S&P 500 added 0.2% after veering between a small loss and a leap of 1.1% earlier in the day. The index is coming off a four-day losing […]
30-year mortgage rate edges up to 6.24%
U.S. mortgage rates rose to 6.24%, their second straight weekly increase, though they remain near this year’s lowest levels.
Wall Street has its worst day in a month on worries about AI stocks and interest rates
NEW YORK (AP) — The U.S. stock market sank to its worst day in a month and its second-worst since April. The S&P 500 fell 1.7% Thursday and pulled further from its all-time high set late last month. The Dow Jones Industrial Average fell nearly 800 points from its own record set the day before, […]
Fed may soon start buying bonds to manage market liquidity, Williams says
New York Fed President John Williams said the central bank may soon restart bond purchases to maintain control of short-term rates.
