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Stocks drifted higher leading into the shortened trading week, which includes the Thanksgiving holiday. The Dow Jones Industrial Average gained nearly 2% for the past week, while the S&P 500 and ...
WASHINGTON DC, USA - JAN. 29: U.S. Federal Reserve Chairman Jerome Powell speaks as the U.S. Federal Reserve kept the benchmark policy rate at 4.25%-4.5% as widely expected on January 29, 2025 in ...
The biggest question for investors this week is whether a new batch of data supports Fed Chair Jerome Powell's assertion that the US economy remains strong. A second quarter GDP reading due ...
The Fed's preferred inflation gauge will test a stock market near record highs in a holiday-shortened trading week. ... Deutsche Bank's measure of positioning shows investors are "overweight ...
Fed Chair Jerome Powell is taking questions from journalists after the central bank held interest rates steady following three consecutive cuts at the end of 2024.
The Nasdaq Composite , driven in part by artificial intelligence hype, has been the clear winner amid expectations the Fed's rate hiking campaign may be winding down, rising 10% since early May.
The Fed cares about jobs because part of its mission is to “maximize employment” and make sure tight monetary policy doesn’t cool the economy so much that it causes a recession. Job growth ...
In June, Fed officials saw the fed funds rate peaking at 5.1% in 2024, suggesting just one 25 basis point cut to come this year. But the narrative has shifted quite considerably since that time.