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The Fed comments came as Wall Street banks predicted rates would not drop until December; Magnificent seven lead US tech shares higher. Follow the latest here.
The dollar rose moderately on Thursday in choppy trading, as weaker-than-expected March U.S. producer prices did not relieve concerns about persistent inflation which has reinforced the belief that... -April 11, 2024 at 03:11 pm EDT - MarketScreener
NEW YORK/ LONDON :A global gauge of equities regained ground on Thursday after falling earlier in the day while longer-dated Treasury yields rose as investors looked to the latest inflation data for clues on the potential for Federal Reserve interest rate cuts.A day after March's hot Consumer Price Index (CPI
As Federal Reserve officials last year started steering the world towards possible interest rate cuts in 2024, they took heart in data showing inflation over many months had collapsed to the U.S. central bank's 2% target, evidence their policies were curbing a still too-hot economy. Since then, those downward sloping lines have reversed in an economy that continues to grow above trend, produce enough jobs to keep unemployment at what many think is an unsustainably low level, and have pushed a core of at least four of the 12 Fed officials voting on monetary policy into a skeptical stance....
We'll get the CPI first responses from these Fed ossicials