Stock market's big rally, inflation could mean Fed has only one rate cut left before a pause, says CIO
Wednesday's inflation reading, while ticking up to a 2.6% yearly rate as expected, continues to hold above the Federal Reserve's 2% target. Combining that with the easing of financial conditions on the heels of a powerful rally in the stock market in early November could drive the Fed to cut rates only one more time before taking a pause,
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Federal Reserve Chair Jerome Powell was asked for his thoughts on large budget deficits and the rising national debt at his ...
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Inflation accelerated slightly for the month of October, sparking concern the Fed could pause its interest rate-cutting cycle ...
The strength of the market response has arguably been at odds with what many economists consider the prospect of worse ...
U.S. stocks finished mostly higher on Wednesday, with the S&P 500 barely eking out a gain, after October's consumer-price index came in cooler than some market participants had expected. The Dow ...
New York Federal Reserve Bank, Conference Board and University of Michigan surveys of one-year expected inflation to average above 3%, in line with core inflation and above the Fed's 2% target.
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