TheFederal Open Market Committee (FOMC)will meet today todiscuss the state of the economyand the outlook for monetary policy. The committee is all but guaranteed to hold interest rates steady this month. That means investors will pore over the committee's statement and Chair Jerome Powell's pre...
Wall Street has dramatically curbed its expectations for upcoming rate cuts. On Monday, there was a 64% chance the Fed would cut rates by a total of 50 basis points over its next two meetings, according to federal funds futures trading data. Markets see no chance of bigger cuts. The inver...
But it's not that straightforward. Trump has also vowed to put more sanctions on Iranian and Venezuelan barrels, meaning the global market could become tighter, potentially boosting prices. At the same time, the increased likelihood of trade wars under Trump could dampen global econo...
futures market points to a 56% chance of at least a quarter-point rate cut at the Fed's April meeting, according to the CMEFedWatchtool. That increases to a 76% chance at the Fed's June meeting. Investors continue to put faith in the Fed "because they've been conditioned for the ...
There may be a legitimate concern about rising inflation since inflation has been under the Fed’s target for years and there is now very low unemployment with signs of accelerating economic growth. The low unemployment rate and strong growth are probably positive for the stock market and the ta...
30 a.m. Dow futures were up 66 points, then down 100, now up 43 points at 9:02 a.m. As expected, a robust number for third quarter GDP was reported this morning, at a rollicking rate of 33.1 percent, annualized. Unfortunately, that’s...
It was a sleepy open for equity futures, with contracts for the three major averages all drifting less than 0.1%. — Jesse Pound Tue, Jan 10 20236:02 PM EST Market stats after first six trading days of the year Wall Street put together another positive session on Tuesday. Here's a loo...
The Fed’s policy makers, the FOMC, meet on December 15th and 16th and are widely expected to raise the target Fed funds rate for the first time since 2006. The odds of a 25 bp increase in the target range to 25-50 bp is about 77% based on Fed Funds futures. There are two key...
At the same time, the increased likelihood of trade wars under Trump could dampen global economic growth and slow oil demand, which means the picture for the market's longer-term outlook is decidedly mixed. "If the Trump administration opens up federal leases for oil and gas, Federal lands ...
Market participants are awaiting key readings this week onmonthly inflationandquarterly GDP growth, as well as the crucial October jobs report that's due on Friday. Investors are looking for signs that the economy remains on sound footing, as well as information that could influence the Fed's ...