Stock Market Today: US Stocks Fall Ahead of Fed Decision
The outlook for Fed rate cuts continues to sour, with markets now pricing in just 1-2 cuts by the end of 2024.
Source: businessinsider.com
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Top News In Omc Today - Breaking & Trending Today
Fed Leaves Rates Unchanged Amid Lack Of Progress On Inflation
Citing a lack of further progress toward its 2 percent inflation objective in recent months, the Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged.
Source: rttnews.com
Stock Market Today: Hot Labor Data Adds Pressure Ahead of Fed Meeting
The Employee Cost Index came in hotter-than-anticipated, jumping 1.2% against estimates of 1% growth.
Source: businessinsider.com
The economy seems weaker than advertised, and inflation is still running hot—it's the 'worst of both worlds'
David Donabedian, CIO of CIBC Private Wealth U.S., warned the spike in core inflation seen in the latest GDP report is a major setback for the economy and the Fed.
Source: yahoo.com
Carret Asset Management LLC Has $1.61 Million Stock Position in Omnicom Group Inc. (NYSE:OMC)
Carret Asset Management LLC decreased its stake in Omnicom Group Inc. (NYSE:OMC – Free Report) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,595 shares of the business services provider’s stock after selling 145 shares during the […]
Source: dailypolitical.com