interest rate

Stocks gave up some of their early morning gains by midday trading, despite investors having earlier cheered another lower-than-expected inflation print, as the market significantly priced in the likelihood of the Fed keeping rates unchanged next month. The consumer price index (CPI)...

The Bureau of Labor Statistics’ long-awaited July Consumer Price Index (CPI) data is scheduled to be released on Thursday at 8:30 a.m., ahead of the opening bell. This critical economic data will have a significant impact on market expectations for future Fed rate hikes. Therefore, market...

U.S. stocks continue their downward trajectory on Wednesday, failing to reverse their negative momentum, as investors approach Thursday’s inflation data release with caution. The Nasdaq 100 briefly touched its lowest point since July 11, experiencing a 1% drop as of midday trading. Reviving...

Tuesday marked a risk-off session, dominated by concerns surrounding U.S. banks, which were hit by a wave of downgrades from Moody’s. The credit ratings of 10 small and medium-sized institutions were lowered by a notch, and the rating agency issued a warning of potential downgrades for an...

At the start of the week, the U.S. stock market is attempting to break the negative streak of four consecutive sessions in the red, with all major indices for large-cap stocks showing gains at midday trading in New York. The outperformance of value stocks compared to growth stocks continues, as the...

The next Federal Reserve rate-setting meeting is scheduled for Sept. 19-20, and the market has priced in a pause at the meeting. A Fed official, however, hinted that the pause may not happen and that the central bank may have more work to do, according to CNBC. What Happened: Additional rate...

U.S. stocks rebounded on Friday’s morning trading in New York, driven by strong corporate earnings and mixed labor market data that eased expectations of further September rate hikes. The market-implied probability of a rate hike in September fell to 13% Friday, down from 20% a day earlier....

Even the most pessimistic analysts are throwing in the towel and conceding that they were wrong. Against that backdrop, top economist Mohamed El-Erian said it may be too early to call for a period of convergence – a period when the economy and financial markets are moving together. Growing Evidence...

Risk appetite experienced a setback in the first session of August, following the S&P 500 and Nasdaq 100 both closing their fifth consecutive month of gains in July. Disappointing manufacturing activity data, marking the ninth straight month of contraction, and mixed corporate earnings likely...

As the stock market resiliently pushes ahead despite the lack of clarity on many fronts, investors are debating the sustainability of the rally. An economist is of the view the upward momentum will likely remain intact. What Happened: The market could be in for new highs, said Wharton professor...

The Federal Reserve hiked the fed funds rate by 25 basis points to a 22-year high of 5.25%-5.50% last week. In response, “Shark Tank's” Kevin O'Leary warned of serious repercussions arising out of the central bank's aggressive rate hikes. What Happened: The Fed's hawkish stance will...

After the burst of volatility on Thursday, stocks rebounded on Friday due to several positive factors, including reduced concerns about a shift in the Bank of Japan’s policy, strong corporate earnings and a inflation report indicating a further cooling of price pressures in June. Intel Corp...

Tuesday is a green session for the U.S. stock market, with all major averages rising in lockstep as investors await earnings reports from big-tech companies such as Microsoft Corp. (NASDAQ:MSFT) and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) after the closing bell. The Dow Jones is on track to end...

Wharton professor Jeremy Siegel, who in the past has been vocal about an immediate pause by the Federal Reserve, apparently has had a change of heart. What Happened: The cumulative weight of evidence and recent data suggest the “Fed is not as tight as I feared,” said Siegel said in his...

Morgan Stanley Equity Strategist Michael Wilson, who has been bearish on the market outlook, conceded that he was wrong amid the extended rally seen this year. What Happened: Morgan Stanley's views on the broader U.S. equity market have been wrong this year, said Wilson in a note released on Monday...