Josh Jamner News Today

The CPI print keeps the possibility of the Fed cutting rates at least once this year, potentially at least two rate cuts if the data continues to point to a trend of inflation falling further, said Jeff Lipton, a research analyst and market strategist.

The Federal Reserve kept interest rates unchanged as chair Jerome Powell noted a "lack of further progress" in getting inflation back to 2%.

(Bloomberg) — The stock market managed to rebound after the latest inflation figures did little to alter bets the Federal Reserve will cut rates this year — even if it keeps a more cautious stance for now. Following a series of twists and turns, equities pushed decidedly higher. Notwithstanding the fact that the consumer price…

MARKET WRAPS Watch For: EU industrial production, flash estimate GDP; U.K. CPI and PPI; trading updates from Telecom Italia, ThyssenKrupp, Capgemini, EssilorLuxottica, ABN AMRO Bank,...

(Bloomberg) — Wall Street got a reality check on Tuesday, with hotter-than-estimated inflation data triggering a slide in both stocks and bonds.  Equities moved away from their all-time highs after the core consumer price index topped estimates and climbed the most in eight months. Treasuries sold off, with two-year yields hitting the highest since before…

A hot reading on inflation means interest rates will stay higher for a little longer.

(Bloomberg) — Wall Street got a reality check on Tuesday, with hotter-than-estimated inflation data triggering a slide in both stocks and bonds.  Equities pushed away from their all-time highs as the consumer price index topped estimates across the board. Treasuries sold off, with two-year yields hitting the highest since before the Fed’s December “pivot.” Swap…

(Bloomberg) — Wall Street got a reality check on Tuesday, with hotter-than-estimated inflation data triggering a slide in both stocks and bonds.  Equities pushed away from their all-time highs as the consumer price index topped estimates across the board. Treasuries sold off, with two-year yields hitting the highest since before the Fed’s December “pivot.” Swap…

Investors hoping for imminent rate cuts by the Federal Reserve received a sobering reminder of the U.S. central banks focus on fighting inflation, after Chairman Jerome Powell poured cold water on bets policymakers would lower borrowing costs in March.

Investors hoping for imminent rate cuts by the Federal Reserve received a sobering reminder of the U.S. central bank’s focus on fighting inflation, after Chairman Jerome Powell poured cold water on bets policymakers would lower borrowing costs in March. At the end of the central bank's first monetary policy meeting of the year on Wednesday, Powell said inflation that is still running above the Fed's target would likely prevent policymakers from lowering rates at its next meetin...