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Stocks wobbled before a key inflation report. November CPI data comes ahead of the Fed's final meeting of 2024, with markets eyeing another rate cut. Stock market today: Indexes slip as investors ...
That had both stock and bond markets relatively calm and waiting for Friday’s report, which could be more impactful. The yield on the 10-year Treasury rose to 4.14% from 4.12% late Wednesday.
Here's what else happened today: The Fed won't cut rates at all in 2025, Deutsche Bank says. The area of the stock market investors should avoid next year, according to Wells Fargo.
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Ho Sin Hang, chairman of the Hang Seng Bank, conceived the idea of creating the Hang Seng Index as a "Dow Jones Index for Hong Kong". [4] [5] Along with Hang Seng Director Lee Quo-wei, he commissioned Hang Seng's head of Research Stanley Kwan to create the index in 1964, [4] the index was initially used for internal reference in the Hang Seng Bank, they debuted the index on November 24, 1969.
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The August CPI report set to be released on Wednesday could influence whether the Fed cuts rates by 25 or 50 basis points, according to analysts. Stock market today: Dow jumps 484 points as US ...
US stocks rose after cool inflation data suggested more room for Federal Reserve rate cuts. The personal consumption expenditures price index increased 0.1% in August, matching estimates.