according to new Consumer Price Index (CPI) data released Wednesday. The monthly inflation rate and annual inflation rate each rose by 0.1 percentage points from their October levels, in line with consensus estimates from economists.
The messages from the Federal Reserve contradict the previously mentioned estimates. Powell continues to repeat that there is more likelihood of rate hikes than cuts and that the battle against inflation is not over. Markets are not following monetary aggregates, and what they show is not good ...
WASHINGTON (Reuters) - Even before the Federal Reserve approved its outsized half-percentage-point interest rate cut last week, financial markets had begun making credit cheaper for households and businesses as they bid down mortgage rates, cut corporate bond yields, a...
While the tool pegged odds at about even for a March rate cut before Wednesday, estimates were shifting to a more pessimistic outlook after Powell's remarks. However, there are multiple federal data reports for the Fed to factor into its plans before it makes any decisions, including two ...
That’s a bit firmer than economists expected, but the 2.7% annual pace of growth matched estimates. The market sees a 99% probability of another quarter-point rate cut. Analysts weren’t discouraged by the slight acceleration in prices for the month, largely seeing the overall inflation ...
while ADP private payrolls were the strongest in a year," Zentner said. "GDP may have missed estimates slightly, but it still suggests the economy is still on solid ground. And with inflation continuing to trend lower, it isn't overheating. Bottom line, the data supports theFed'...
Similarly, we no longer view Treasuries to be a compelling overweight opportunity today with yields across the curve trading near our estimates of fair value. The implications for Fed rate cuts onto equities hinges critically on the fundamental backdrop—namely, corporate earnings and whether the ...
He added that the central bank doesn't want to disappoint markets, which have already priced in not only an October rate cut, but also one to two more cuts in the next year or so. Trading in interest rate futures tracked by CME Group on Tuesday indicated a 97.3-percent chance the Fed...
After biding its time, the Fed kicked off its monetary easing cycle with a strong start out of the rate cut gates. While investors may harbour concerns the Fed is getting ahead of itself, we highlight why we’re encouraged by the Fed’s proactive move. ...
By Suzanne McGee (Reuters) -U.S. exchange-traded funds (ETFs) that invest in dividend-paying stocks have enjoyed a rush of inflows since the Federal Reserve kicked off its rate cutting cycle last month, though a jump in U.S. Treasury yields could slow th...