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Stock indexes retreated as investors digested Thursday commentary from Fed Chair Jerome Powell. The odds of a 25-basis-point rate cut in December fell sharply after Powell's address.
There is no concrete sign of an economic downturn in the U.S. right now, but since the 1960s, almost every rate hiking cycle has been followed by a recession. Periods of high interest rates can ...
Meanwhile, jobless claims data on Thursday, showed weekly claims dropped to their lowest since May, falling to 217,000 last week. That marks a 4,000 decline from the week prior. Here's what else ...
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.
The Dow Jones Industrial Average dropped 605 points, or 1.5%, and the Nasdaq composite slipped 0.4%. Stock market today: Wall Street slumps to worst day since April on worries about interest rates ...
Here's the bottom line: No stock market indicator is infallible, but history says the S&P 500 is headed higher over the next 12 months and the probability of a positive return becomes more likely ...
Investors are pricing in a 69% chance the Fed is still on track to cut rates two more times this year, but odds for a rate cut in January have fallen to 45%, down from 66% a week ago, according to ...
NEW YORK (AP) — U.S. stock indexes edged lower Wednesday after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates.. The S&P 500 ...