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Meanwhile, the "core" Producer Price Index (PPI) revealed prices increased by 3.1% in October, up from 2.8% the month prior and above economist expectations for a 3% increase.
For the week, the Nasdaq Composite rose more than 1%, while the S&P 500 was near flat. The Dow Jones Industrial Average ( ^DJI ) fell more than 2%. All three indexes were still near record highs.
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 ...
After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts.
The Survey of Professional Forecasters (SPF) is a quarterly survey of macroeconomic forecasts for the economy of the United States issued by the Federal Reserve Bank of Philadelphia.
After May's robust jobs report and with expectations for a stubborn inflation print on Tuesday, UBS economist Jonathan Pingle expects an interest rate hike from the Fed in July and rate cuts ...
When the Fed last issued its dot plot in September, the median forecast was for the fed funds rate to end 2025 in a range of 3.25% to 3.5%. Instead of the four rate cuts in 2024 projected back in ...
A blowout earnings report from AI darling Nvidia sent stocks to record highs last week.New inflation data will test that rally in the coming days. The S&P 500 and Dow Jones ended the week up about ...