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Bank of America expects the upcoming CPI report to be more important than markets may believe. The report will be a key input for the Fed as it heads into the last policy meeting of 2024 next week.
A longtime stock market bear is rethinking his view after this year's strong rally. In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 1.64% to $68.30 a barrel.
Declines in Nvidia and Adobe stock weighed on the Nasdaq, while bond yields rose. Indexes closed lower on Thursday, dragged by tech stocks after the latest inflation report came in warmer than ...
Stocks fell for a second day this week as investors brace for Wednesday's CPI report. An inflation surprise could sway the Fed's interest rate decision next week. Google rose as much as 6% after ...
Powell added the US has had the best domestic growth of any major economy, and emphasized the strength of the labor market. He said the October jobs report's slowing job growth was largely due to ...
MacDonald's stock dropped 6% after the Centers for Disease Control and Prevention said an outbreak of E. Coli linked to the fast food chain's quarter pounders led to one death and 10 hospitalizations.
We did not get that," analysts from Bank of America said Thursday. "While core PCE will be firmer than recent months, we think it will be enough for the Fed to follow through with a 25bp cut in ...
The stock rose more than 4% to close at $143.71. Analysts have been feeling bullish on the stock's prospects for further gains amid big demand for its new Blackwell chips. Bank of America was the ...