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Inflation Is Heating Up Again—Are Tariffs To Blame?
Friday, June 27, 2025 - 8:53am | 410Inflation picked up again in May, snapping a two-month slowdown, raising fresh concerns that rising tariffs on foreign goods may start to strain U.S. consumers. The Personal Consumption Expenditures (PCE) price index rose 2.3% in May from a year earlier, matching economists’ expectations and...
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Fed Interest Rate Cuts Expected, But Economists Warn Of 'Bumpy Course In This Last Mile' To Curb Inflation
Thursday, October 31, 2024 - 12:02pm | 680A 0.25% interest rate cut at the Federal Reserve’s Nov. 7 meeting, just two days after the U.S. presidential election, is almost fully priced in by markets, with another similar cut likely in December as cooling inflation allows the Fed to gradually ease its policy stance. The latest...
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Fed's Favorite Inflation Metric Accelerates In September, Personal Income Rises More Than Expected (UPDATED)
Thursday, October 31, 2024 - 9:04am | 479Editor’s note: This story has been updated with additional details. Traders faced an unwelcome Halloween threat on Thursday as the Federal Reserve’s favored inflation measure accelerated, raising some concerns on the likelihood of back-to-back interest rate cuts going into the final...
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Fed's Favorite Inflation Gauge Expected To Fall In September: How Will Markets React?
Wednesday, October 30, 2024 - 4:37pm | 608The Federal Reserve's preferred inflation measure, the Personal Consumption Expenditure (PCE) price index, is set to be released on Thursday at 8:30 a.m. ET. Investors and policymakers alike are hoping the data will reaffirm the current disinflationary trend, which could solidify expectations for...
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Tech Stocks Slide On Earnings, US Economy Flexes Muscles, Small-Cap Rally Continues: This Week In The Markets
Friday, July 26, 2024 - 4:12pm | 729The tech earnings season started with disappointments for investors as shares of the Magnificent Seven companies all declined during the trading week. Alphabet Inc. (NASDAQ:GOOGL) reported stronger-than-expected earnings and revenue, but missed analysts’ targets on YouTube advertising revenue...
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Russell 2000 Notches Third Week Of Gains, Strongest Streak Since August 2022: Small Caps Serve 'As Economic Barometer,' Analyst Says
Friday, July 26, 2024 - 2:55pm | 762Small-cap stocks celebrated their third consecutive week of gains, driven by growing investor optimism towards interest rate-sensitive industries and companies, bolstered by firm expectations of a Federal Reserve rate cut in September. Markets are currently pricing in a 100% likelihood of a Fed...
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Wall Street Enjoys Late-Week Rally On Benign Inflation Data, Dow Jones Eyes Best Session Of 2024, Tech Unwinding Stalls: What's Driving Markets Friday?
Friday, July 26, 2024 - 1:51pm | 1135After a turbulent week in the markets, the bulls reclaimed dominance on Wall Street during Friday’s session, with indices and sectors trading in positive territory as investors welcomed the latest corporate earnings results and further confirmation of inflation progressing toward the Fed...
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Fed's Preferred Inflation Measure Shows Mixed Readings, Personal Income, Spending Fall: September Rate Cut Remains Likely
Friday, July 26, 2024 - 8:43am | 448The Personal Consumption Expenditure (PCE) price index continued to decline in June as economists anticipated, continuing to bolster the case for a Fed rate cut in September. The PCE — a basket of goods and services that most U.S. consumers buy, commonly referred to as the Fed’s favorite...
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Last Inflation Report Pushed Markets To Record Highs In June: Could It Happen Again Friday? 5 ETFs To Watch
Thursday, June 27, 2024 - 4:53pm | 830The inflation report that’s closely watched by the Federal Reserve — the Personal Consumption Expenditure price index — was published on May 31 for April data and sparked a fresh market rally in June, pushing major indexes to their all-time highs. As traders brace for Friday’s PCE price...
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Fed's Preferred Inflation Gauge Set To Drop To 38-Month Low: 'This Could Provide The Impetus For Another Rally To Fresh Highs'
Wednesday, June 26, 2024 - 4:53pm | 592Traders are preparing for the release of the Personal Consumption Expenditure (PCE) price index data, widely regarded as the Federal Reserve’s preferred inflation measure, scheduled for Friday. The Bureau of Economic Analysis will release this key inflation indicator alongside data on...
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Tech Stocks Crumble As Wall Street's 5-Week Rally Ends; Bonds Offer Safe Haven As Growth Worries Reemerge: What's Driving Markets Friday?
Friday, May 31, 2024 - 1:44pm | 932Bears knocked on Wall Street’s door again Friday, sending large-cap tech stocks lower despite the Fed’s favorite inflation measure meeting expectations. Both the S&P 500 and the Nasdaq 100 index are set to end a 5-week winning streak as investors grow more cautious about the latest...
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Bank Of America Strategist Shifts To Bonds: Stock Sell-Off Prophecy On Benign Inflation Comes True
Friday, May 31, 2024 - 12:41pm | 640Bank of America Chief Investment Strategist Michael Hartnett has turned bullish on bonds for the second half of the year, while raising heightened risks of a stock market sell-off as investors bet on the first Fed interest rate cut. Hartnett, known for his bold contrarian market views, reiterated...
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'Inflation Bump Is Over,' Says Paul Krugman: How Friday Data Proves Him Right
Friday, May 31, 2024 - 12:17pm | 498Nobel Prize-winning economist Paul Krugman has consistently expressed optimism about cooling inflationary pressures. His recent declaration that the “inflation bump is over” was quickly followed by positive Personal Consumption Expenditure (PCE) data. What Happened: In a post on X...
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Are Rate Cuts Imminent After Fed's Preferred Inflation Data Holds Steady? 'Be-Careful-What-You-Wish-For Moment' (CORRECTED)
Friday, May 31, 2024 - 12:15pm | 979Editor’s note: This story has been updated to correct the spelling of economist Joseph Brusuelas’ name. The Personal Consumption Expenditure (PCE) price index, a preferred inflation gauge for the Federal Reserve, revealed a steady trend in April, aligning with economist expectations...
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Fed's Preferred Inflation Gauge Matches Estimates; Personal Spending Slows More Than Predicted (CORRECTED)
Friday, May 31, 2024 - 8:48am | 594Editor’s note: This story has been updated to reflect that personal income growth matched economist expectations in April. The Federal Reserve’s preferred inflation measure held steady in April, aligning with economist expectations, yet keeping investors anxious about potential rate...