Stay updated with breaking news from Michael Gapen. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
:max_bytes(150000):strip_icc()/GettyImages-1853025258-82c0210ece42439a97ea1478513ff434.jpg)
Lower interest rates are on the way. The question is how soon, and next week’s meeting of the Federal Reserve’s policy committee may shed light on an answer.
The increase in gross domestic product, while slower than in the previous period, showed the resilience of the recovery from the pandemic’s upheaval.
With stocks at record highs, a slew of corporate earnings and a fresh reading on inflation will challenge the market rally.
With stocks at record highs, a slew of corporate earnings and a fresh reading on inflation will challenge the market rally.
December's inflation report is crucial for Fed's decisions, economists predict 3.2% increase in CPI, with potential for rate cut in March. Market and Fed will closely monitor inflation for future decisions.