NEW YORK/LONDON >> World stocks rallied today, led by surging European shares and a larger-than-expected rise in U.S. weekly jobless claims that buoyed interest rate cut hopes, while the dollar eased as the market awaits key inflation data next week.
The reason the Fed may be tempted to cut rates would be to help the U.S. cover interest payments on the national debt, according to fund manager Freddie Lait.
Since retiring two years ago, Joan Harris has upped her travel game. Once or twice a year, she visits her two adult children in different states. She’s planning multiple other trips, including to a science fiction convention in Scotland and a Disney cruise soon after that, along with a trip next year to neolithic sites in Great Britain. “I really have more money to spend now than when I was working,” said Harris, 64, an engineer who worked 29 years for the federal government and lives in...
U.S. stocks ended higher on Monday as investors continue to digest tech earnings and await the Federal Reserve's policy meeting later this week. The Dow Jones Industrial Average went up 146.43 points or 0.4% to end at 38386.09, according to Dow Jones Market Data. The S&P 500 rose 16.21 points or 0.
"The next stage of the policy cycle is a weakening of the labor market. Once it starts gradually weakening, it then weakens more sharply. I think that's exactly what's playing out now."
WASHINGTON >> Weaker U.S. productivity gains in the first quarter may challenge the Federal Reserve’s efforts to finish its inflation fight without a painful rise in unemployment, potentially stalling progress on prices absent a further economic slowdown.
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Nowadays, it’s anyone’s guess when the Federal Reserve will begin to cut interest rates this year — if at all. Fed officials are meeting this week, starting Tuesday, to discuss rates and set policy. They’re widely expected to hold rates steady for the sixth straight meeting. But analysts...
The Federal Reserve will be watching jobs and unemployment numbers, as well as a manufacturing index and other private sector reports.
Federal Reserve Bank of Dallas President Lorie Logan said it’s still too early to think about lowering borrowing costs given disappointing inflation data in the first few months of the year.
NEW YORK >> The dollar fell against most currencies today for a fourth straight session as recent labor market data and comments from Federal Reserve officials buoyed rate-cut hopes, but the greenback strengthened against the yen after last week’s suspected interventions.
Since the start of the year, central bankers' best hopes to take pressure
U.S. stocks rose Monday, with Wall Street looking to build on the previous