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"The Fed's confidence that inflation is returning to 2% should increase on the back of this report," Bank of America US economist Michael Gapen, who also sees the first cut coming in March, wrote ...
Economists expect annual inflation according to the Fed's preferred inflation gauge — "core" PCE — clocked in at 3.5% in October. Over the prior month, economists expect "core" PCE rose 0.2%.
In corporate news, a slew of S&P 500 companies are expected to report quarterly results headlined by Meta , Microsoft , Alphabet (GOOGL, GOOG), Tesla , and Chipotle . The Fed's preferred inflation ...
Big Tech week. With 37% of the S&P 500 having reported quarterly results, the index is pacing for 3.7% year-over-year earnings growth. According to FactSet, this would be the slowest annual growth ...
Stocks closed another week near record highs as the latest jobs report showed a US labor market that's cooling, but not at a pace that economists find concerning.. The Nasdaq Composite was up ...
After three hot inflation reports helped push back the timing of the Federal Reserve’s long-anticipated interest rate cuts in the first quarter, investors were hoping to see signs of cooling ...
Rounding out a tech-heavy earnings week will be Amazon, which posts first quarter results along with Apple Thursday after market close, with the Bloomberg consensus EPS estimate at $8.37.
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 ...