Market Certain of Fed Rate Cut. But Inflation Data Raise More Questions.
Inflation data appear to have cemented the market’s view of a quarter-point rate cut next week, but beyond that they have provided little clarity. Traders now see a 99% chance of a cut on Dec.18, up from 71% a week ago,
Inflation ticked up again in November. Will the Fed cut rates next week?
Inflation is moving in the wrong direction. U.S. inflation picked up for a second straight month in November on a rise in food and gasoline prices, underscoring that the final stretch of the Federal Reserve's two-year battle against sharply rising prices has become more challenging.
Traders add to bets the Fed will keep cutting rates next year
Traders of interest-rate futures that settle to the Federal Reserve's policy rate added to bets the central bank rate will cut borrowing costs next week and follow up next year with further reductions,
Muted wholesale inflation report likely gives final go-ahead for Fed to cut interest rates
A key measure of U.S. wholesale inflation posted a small increase in November and probably added the final nail in the coffin of a widely expected reduction in interest rates next week. The less volatile core measure of the producer price index rose a scant 0.
Stock Market Today: Nasdaq Crosses 20000; Inflation Data Boosts Rate-Cut Hopes
The U.S. Bureau of Labor Statistics CPI report showed inflation rose modestly in November at 2.7%, bolstering expectations of another interest-rate cut by the Federal Reserve. Follow along for live updates on stocks and other markets,
Chances of Fed rate cut rise despite higher November inflation report
The market sees the probability of another 25 basis point interest rate cut at next week's Federal Reserve meeting as rising despite inflation ticking higher in November.
Inflation ticks up, but details are encouraging for the Fed
Inflation sped up last month, but the details suggested cooling ahead. Next week, the Fed will make its final rate decision for 2024.
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Housing Inflation Data Flash a Positive Signal
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US wholesale inflation surged higher in November
US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down the pike to consumers.
CPI rose 2.7% in November from a year ago as Fed struggles to snuff out inflation
Last month's CPI was forecast to come in at 2.7%, according to economists surveyed by financial data firm FactSet. The ...
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Inflation speeds up in latest data
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November CPI Report: What to Know Ahead of Tomorrow’s Inflation Data
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Consumer Prices Rose in November as Inflation Remains Sticky
Consumer prices rose in November, with grocery prices showing their biggest increase in nearly two years, as inflation ...
Inflation remains sticky, with CPI rising 2.7% from a year ago
Inflation rose 2.7% on an annual basis in November, according to the latest government report on the Consumer Price Index, or ...
Here's the inflation breakdown for November 2024 — in one chart
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Wall St set for lower open after economic data
Wall Street's main indexes were poised for a lower open on Thursday after the S&P 500 and the Nasdaq ended the previous ...