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S&P 500 Stages Late-Day Rebound With CPI in Focus: Markets Wrap

(Bloomberg) — The stock market erased losses in the final minutes of Wall Street trading and bonds climbed, with traders positioning for key inflation data that will help shape the outlook for the Federal Reserveโ€™s next steps. Equities rebounded, with the S&P 500 reclaiming its 5,200 mark after briefly falling below it. Tesla Inc. led…
United Kingdom United States New York San Francisco Dennis Debusschere Austan Goolsbee

When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all

Ever since the Federal Reserve signaled last fall that it was likely done raising interest rates, Wall Street traders, economists, car buyers, would-be homeowners — pretty much everyone — began obsessing over a single question: When will the Fed start cutting rates? The Fed typically cuts only when the economy appears to be weakening and needs help. Lower interest rates would reduce borrowing costs for homes, cars and other major purchases and probably fuel higher stock prices, a...
United States San Francisco Stanford University Neel Kashkari Joe Biden Lorie Logan
Source: yahoo.com

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