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Chicago Federal Reserve president Austan Goolsbee told Yahoo Finance Friday that the central bank 'may be on hold' for now, but he still sees interest rates moving lower over the 'next 12-18 months.'
Retail sales. Thursday will give markets an indication of consumer spending levels at the end of 2024. Economists estimate retail sales increased 0.5% over the prior month during December.
The S&P 500 sunk 2.9%. Among the key signals from the Fed include a higher terminal interest rate projection of 3% rather than 2.875%, and an increased inflation forecast of 2.5% next year. Both ...
This week's new data is likely to influence the Federal Reserve's rate decision when it meets again next month, with traders already projecting a 91.5% chance that the Fed keeps rates unchanged at ...
Digital currency exchange Coinbase is slated to report earnings later Thursday. Bitcoin was last down 1.39% at $96,498.35. The story was updated with new information.
Shelter did show some signs of easing last month, rising 4.4% on an annual basis, the smallest 12-month increase in three years. Similarly, the year-over-year increase in rent was the coolest ...
The Fed's preferred inflation gauge will test a stock market near record highs in a holiday-shortened trading week. ... month-over-month, April (+0. ... Josh Schafer is a reporter for Yahoo Finance.
Bankrate’s Fourth-Quarter Market Mavens Survey found that market pros forecast the 10-year Treasury will yield an average of 4.14 percent 12 months from now, up from last quarter’s projection ...