1. Fed's Waller Sends Shiver Down Investors' Spines: 'There Is No Rush To Cut' Interest Rates

    By Piero Cingari Federal Reserve Governor Christopher J. Waller starkly opposed the idea of cutting interest rates amidst current macroeconomic conditions characterized by the recent unexpectedly high inflation figures . Speaking at the Economic Club of New York, Waller said, “There
  2. Fed expected to stand pat on interest rates but forecast just two cuts in 2024: Economists

    The Federal Reserve is expected to keep its key interest rate unchanged Wednesday and take a conservative approach to rate cuts in 2024 By Paul Davidson, USA TODAY The stock market has been on a tear lately on the belief that the Federal Reserve will cut interest rates more than an
  3. Fed Chair Powell: Too early to say when to expect rate cuts

    By Bryan Mena, CNN Investors have mostly concluded that the Federal Reserve is done hiking interest rates, and are already looking toward rate cuts next year, possibly as early as in the first half of 2024. Fed Chair Jerome Powell says: Not so fast. “Having come so far so quickly, t
  4. Marketmind: Powell's final shot to shape markets before December Fed meeting

    A look at the day ahead in U.S. and global markets by Samuel Indyk As markets continue to push back against the Federal Reserve's higher-for-longer message, traders will be watching Chair Jerome Powell's comments on Friday - the last opportunity the central bank has to set expecta
  5. Shares rally as investor confidence in Fed cuts grows

    By: Amanda Cooper LONDON (Reuters) -Global stocks edged up on Friday, having closed out their best month in three years the day before, as investor confidence that interest rates will fall next year has lured cash into equities, cryptocurrencies and gold at the expense of the doll
  6. Stocks on cruise control as rate cut expectations boost outlook

    By: Marc Jones LONDON (Reuters) - World stock markets edged higher on Thursday, heading for their best monthly jump since the first COVID-19 vaccine breakthroughs of 2020, as the continuing downtrend for global bond yields lifted confidence. Asia had made fresh gains of 0.2-0.3% ov
  7. Stocks Turn Red As Jobless Claims Rise, Gold Rallies, Oil Plummets: What's Driving Markets Thursday?

    By Shanthi Rexaline It’s a red day on Wall Street, with stocks retreating as investors assess the latest economic data indicating an increase in jobless claims and Walmart, Inc. (NYSE: WMT ) delivering a cautious stance on the consumer outlook. Treasury yields fell, as investors floc
  8. US Stocks Eye Longest Winning Streak In 2 Years, Oil Tumbles: What's Driving Markets Tuesday?

    By Shanthi Rexaline U.S. stocks are attempting to post the longest streak of consecutive positive sessions in over two years . As of midday trading in New York, both the S&P 500 and the Nasdaq 100 traded in the green, on track to record their respective seventh and eighth straight s
  9. Stocks Dip As Yields Hit 5%, Oil Soars Amid Middle East Turmoil: What's Driving Markets Wednesday?

    By Shanthi Rexaline Wall Street tumbled during midday trading, with all major stock indices in the red, and only the energy sector showing gains for the session, while 30-year Treasury yields breached the 5% mark, hitting the highest level in over 17 years. The recent developments
  10. Stocks In The Red, Bonds On The Rise As Investors Brace for FOMC Minutes, Crucial CPI Report: What's Driving Markets Wednesday?

    By Shanthi Rexaline Risk sentiment weakened during Wednesday trading on Wall Street, following significant gains in the previous session. This shift was triggered by higher-than-expected producer inflation, reigniting concerns ahead of the crucial consumer inflation report schedul