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NEW YORK (Reuters) - An inflation report in the coming week will test the strength of the record-setting U.S. stocks rally and provide a crucial piece of data that could factor into the Federal ...
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%.
At his news conference, Powell will likely reiterate that Fed officials need more confidence that inflation is returning to 2% before they would consider rate cuts, and that this will likely take ...
The week ahead will provide a fresh update on how quickly price increases are falling toward that goal. Wall Street economists expect headline inflation rose just 2.3% annually in September, a ...
The week will close with a slew of bank and financial services earnings from JPMorgan , Wells Fargo , Bank of America , BlackRock , and Citi to kick off fourth quarter earnings season.
The latest inflation report is likely to cement a 0.25% cut in the Federal Reserve's key interest rate, currently at about 5.3%, later this month. ... In a note last week, Torsten Slok, partner ...
Consumer prices rose at the slowest pace since April 2021 as inflation showed further signs of cooling in May, according to the latest data from the Bureau of Labor Statistics released Tuesday ...
Stocks just had their best week of 2024.. All three major indexes pressed to record highs after Donald Trump won the 2024 presidential election.. For the week, the S&P 500 and the Dow Jones ...