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The Dow Jones Industrial Average gained nearly 2% for the past week, while the S&P 500 and the tech-heavy Nasdaq Composite added over 1.5%. This week, a fresh reading on the Fed's preferred ...
Over the prior year, prices rose 2.7% in September, above Wall Street's expectations for 2.6% and in line with the 2.7% seen in August. On a yearly basis, overall PCE increased 2.1%, its slowest ...
Economic data: S&P CoreLogic Case-Shiller National Home Price Index year-over-year, March (+6.38% prior); Conference Board Consumer Confidence, May (96 expected, 97 prior); Dallas Fed ...
In the past week, the Dow Jones Industrial Average broke a 10-day losing streak but recorded a loss of 2.3% for the week. The Nasdaq Composite ( ^IXIC ) shed 1.8%, while the S&P 500 ( ^GSPC ) fell 2%.
On a "core" basis, which strips out the food and energy prices, inflation is forecast to rise 5.2% over last year in May, a slowdown from the 5.5% increase seen in April. Monthly core price ...
The Fed will convene for the final FOMC meeting of the year on Tuesday, and while markets see a 25-basis point interest rate cut as nearly certain, the view for January and beyond is murky.
The Fed hiked the federal funds rate (overnight interest rates) to a two-decade high of 5.33% between Mar. 2022 and Aug. 2023, in order to tame an inflation surge that resulted from pandemic ...
The unemployment rate has risen modestly since the Fed began aggressively raising rates in March of 2022, but at 4.2% remains below the national long-run average and right at the level the median ...