Tag #Federal Reserve

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CPI Meets Expectations, GM Ends Cruise, Macy's Lowers Outlook

Wall Street is poised for growth after November's CPI report met expectations, while General Motors ended its Cruise robotaxi service due to competition; Macy's lowered its earnings outlook amid an internal investigation.

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52% Bias Score

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cnbc.com
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Nasdaq Hits Record High Above 20,000 Amid Tech Surge

On Wednesday, strong tech performance, particularly in AI-related stocks, propelled the Nasdaq above 20,000 for the first time, while the S&P 500 rose almost 1%, contrasting with the weak performance of healthcare and other sectors due to proposed drug-cost legislation and a rising 10-year Treasury ...

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US Housing Market Gridlock: High Prices, Low Inventory, and Fluctuating Mortgage Rates

High US home prices (47% above 2020 levels) and low housing inventory (34% below 2019) are creating a challenging market, while mortgage rates have recently fluctuated between 6% and 7.5%, influenced by Federal Reserve actions and election outcomes.

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40% Bias Score

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Home Equity Loans: Credit Score Takes Precedence Over Fed Meeting Timing

The Federal Reserve's expected December interest rate cut may not drastically change home equity loan rates, as lenders often adjust offers preemptively; borrowers should prioritize improving their credit scores before applying.

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48% Bias Score

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"Trump Says He Won't Remove Federal Reserve Chair Powell"

"President-elect Donald Trump stated on NBC's 'Meet the Press' that he will not remove Federal Reserve Chair Jerome Powell, despite past threats and disagreements over interest rate policies."

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44% Bias Score

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npr.org
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U.S. Job Growth Rebounds in November, Exceeding Expectations

The U.S. added 227,000 jobs in November 2024, exceeding expectations after a weak October and suggesting continued job market strength despite a slightly increased unemployment rate of 4.2% and strong wage growth of 4% year-over-year.

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US Inflation Rises to 2.7% in November, Complicating Fed Rate Cut

US inflation rose to 2.7% annually in November 2024, exceeding October's rate and driven by food and energy price increases, though shelter inflation continued to decline; this complicates the Federal Reserve's planned rate cut next week.

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forbes.com
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"Citigroup Stock Soars Despite Earnings Dip; Outlook Tied to Rate Cuts and Political Climate"

"Citigroup's Q3 2024 revenue reached $20.3 billion, a 1% increase year-over-year, but net income fell 8% to $3.2 billion; despite this, its stock price is up 44% year-to-date, outpacing the S&P 500, but contrasting sharply with its underperformance in the previous three years."

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40% Bias Score

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Lock in High CD Rates Before December Fed Meeting

With the Federal Reserve likely to cut interest rates in December 2024, savers should consider opening a long-term CD now to lock in higher rates before lenders preemptively lower their offers, preventing holiday overspending and securing predictable returns.

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forbes.com
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Trump Says He Won't Remove Federal Reserve Chair Powell

President-elect Donald Trump said he will not attempt to remove Federal Reserve Chair Jerome Powell, reversing his prior statements and threats to remove him, despite no legal precedent preventing presidential removal.

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36% Bias Score

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china.org.cn
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U.S. Stocks Mixed After Strong Jobs Report

U.S. stocks closed mixed on Friday following the release of the November jobs report, which showed a 227,000 increase in nonfarm payrolls, exceeding expectations. The Dow Jones Industrial Average fell 0.28 percent, the S&P 500 rose 0.25 percent, and the Nasdaq Composite gained 0.81 percent.

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32% Bias Score

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cnbc.com
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November Jobs Report to Shape Federal Reserve's Interest Rate Decision

The November jobs report, expected to show a 214,000 increase in nonfarm payrolls, is crucial for the Federal Reserve's December policy meeting; October's unusually low 12,000 gain was heavily impacted by Hurricane Milton and the Boeing strike.

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40% Bias Score

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Showing 853 to 864 of 918 results