Bellwether Wealth News Today

Modest progress on inflation is giving stocks a lift in Friday trading.

PCE price index surpasses projections, reaching 2.7% annually in March. Economists offer insights on potential Fed actions, with some expecting a wait-and-see approach and only one rate cut in 2024.

(Bloomberg) — A rally in the world’s largest technology companies lifted stocks, with Wall Street also breathing a sigh of relief after the latest inflation data came roughly in line with estimates. Equities headed toward their best week in 2024 after Microsoft Corp. and Google’s parent Alphabet Inc. sent a clear message to investors: Our…

Personal consumption expenditures data showed prices ticked up 2.8% year-over-year in March, slightly higher than expected.

After years of competing for customers by offering ultra-high APYs, many banks are beginning to come back to Earth.

Seven strategists shared why investor expectations are unrealistic, before sharing eight ways to hedge against a pullback.

"If we see continued strength in the inflation data, it's possible that the Fed could push its rate cuts into 2025."

"If we see continued strength in the inflation data, it's possible that the Fed could push its rate cuts into 2025."