US stocks drop as expectations of a Fed rate cut cool
WASHINGTON - US stocks fell on Nov 14, as traders digested an uptick in inflation and comments from Fed chairman Jerome Powell, which had the effect of cooling expectations of a December rate cut. Consumer and producer inflation data published this week point to a small rise in the rate of price increases, complicating the Fed’s rate-cutting plans.
Stock Market Today: Stocks Slip After Powell Talks Rate Cuts
Ahead of the opening bell, the Bureau of Labor Statistics said the Producer Price Index (PPI), which measures what businesses are paying subscribers for goods, increased 0.2% month over month in October. Year over year, the headline PPI was up 2.4% – the quickest pace since July.
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Stocks Slightly Lower Ahead of Fed Chair PowellThe S&P 500 Index ($SPX) (SPY) today is down -0.12%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.04%, and the ...
what might seem bullish or bearish for stocks, in terms of monetary policy, tends to have the opposite effect. For example, ...
Asian shares drifted higher Thursday after US inflation data supported the case for another Federal Reserve rate cut next ...
The new numbers have boosted hopes that more help for the economy will arrive next month from another cut to interest rates.
Bank stocks and tech shares rallied in the session ... which kicked off with a jumbo 50 basis point cut in September. After ...
Trump's proposed policies are also seen by analysts as fuelling inflation, potentially impeding the path to lower Fed ...
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