Gold Prices Surge to One-Month High Amid Renewed Hopes of Rate Cuts – Emirates 24|7
Gold prices firmed on Thursday after hitting a one-month high, helped by softer US inflation data that reignited hopes for interest rate cuts. However, a ceasefire agreement between Israel and Hamas limited further gains. Market highlights: Spot gold: After reaching its highest since Dec. 12 in early trading, it was stable at $2,696.30 […]
December Inflation clouds Fed’s outlook on interest rate cuts
Gasoline prices were the main contributor to the rise in inflation in December. (iStock) According to the Consumer Price Index (CPI), the annual inflation rate rose to 2.9% in December, slightly higher than the previous month's annual inflation rate of 2.7%. Published by the Bureau of Labor Statistics (BLS). The inflation rate in December rose […]
Most Americans rate Biden as ‘failed’ or ‘fair’ president: new poll
As the White House sunsets with less than a week left until the end of President Biden's term, a new national poll shows many Americans don't think history will be kind to him. A USA Today/Suffolk University poll released Tuesday found that 44% of voters nationwide say history will judge Biden as a failed president, […]
Futures slide as investors bet on no Fed rate cuts in 2025; yields climb – Yahoo Finance
(Reuters) – U.S. stock index futures on Monday as yields soared on expectations that the Federal Reserve will remain hawkish through much of 2025 after last week's solid jobs report. fell. As of 5:44 a.m. ET, the Dow E-mini was down 133 points, or 0.32%, the S&P 500 E-mini was down 46.25 points, or 0.79%, […]
Dollar hits two-year high after robust US data puts brake on rate cut bets – Financial Times
Stay informed with free updates Just sign up for currency myFT Digest — delivered straight to your inbox. The dollar hit a two-year high against major currencies on Monday, as strong U.S. jobs data late last week prompted traders to back off expectations for further interest rate cuts from the Federal Reserve. The pound was […]
Stock market today: Asian shares slide further as rate cut, tariff worries hit market sentiment – Yahoo Finance
NEW YORK (AP) — U.S. stocks are plummeting on concerns that: Good news on Friday's job market perhaps Too good And maintaining it will prove to be bad for Wall Street. inflation and interest rate expensive. The S&P 500 fell 1.5% in intraday trading, marking its fourth decline in the past five weeks. As of […]
US adds 256K jobs in December, dimming rate cut hopes
U.S. employers added a surprisingly strong 256,000 jobs in December, but hopes that the Federal Reserve will cut interest rates anytime soon are fading. The explosive numbers released by the U.S. Bureau of Labor Statistics were a sharp increase from the previous month as employment recovered from strikes and major hurricanes, and lifted traders' expectations […]
Cracks Emerge in the Fed’s Rate Cut Consensus
End of cutting cycle? The bond market is not the only one questioning the stance of monetary policy. Federal Reserve officials are also seeing some light. After cutting interest rates completely since September, at least some Fed officials seem to be thinking: Questions whether further mitigation is justified. Judging by recent statements and the latest […]
Fed expected to pump brake on rate cuts in 2025 as Trump policies stir concern
Fed officials at their Dec. 17-18 meeting expected to reduce the pace of interest rate cuts this year in the face of persistently rising inflation and the threat of widespread tariffs and other potential policy changes. . Minutes of the meeting, released after a typical three-week delay, also showed clear divisions among the Fed's 19 […]
Bitcoin, Dogecoin and Solana Plunge as Jobs Data, Rate Cut Expectations Spook Investors – Decrypt
New economic indicators appear to have a chilling effect on both crypto and stock markets alike, with crypto prices falling across the board early Tuesday, led by major assets such as Bitcoin, Dogecoin, and Solana. are. Bitcoin plummeted on the day from around $101,000 to its current price of $97,856, a decline of more than […]