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He added: “That is good news.” This week — with its multiple inflation reports, a Fed meeting, a new central bank rate cut timeline and economic projections, and a slew of ancillary data ...
US applications for jobless benefits rose to 219,000 last week, but layoffs remain relatively low. More Americans filed unemployment claims last week, but the labor market remains healthy and layoffs relatively low
The S&P 500 chugged to a record high last week as new inflation data signaled good news about the Federal Reserve's rate cut plans.For the week, the Nasdaq Composite rose more than 2.5%, while the ...
Economic data: MBA Mortgage Applications, week ending January 19 (+10.4% prior); S&P Global US Manufacturing PMI, January preliminary (47.6 expected, 47.9 prior); S&P Global US Services PMI ...
The last few weeks of market action have shown a clear trend. Any news that could hint at higher-than-expected inflation in 2025 has sent stocks lower. For now, the concerns haven't been long-lasting.
The Bureau of Economic Analysis reported on Thursday that the U.S. economy expanded at a better-than-expected 6.9% annualized rate in Q4, up from Bloomberg economists' consensus estimate of 5.5%.
All three indexes were still near record highs. After a quiet week on the economic data front, a key reading of the Fed's preferred inflation gauge is set to greet investors in the week ahead ...
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