Wall Street rips higher after inflation data and strong bank profits
Treasury yields also eased sharply in the bond market following the update on how much more U.S. households had to pay in December for eggs, gasoline, housing and other costs of living. The report said overall inflation accelerated to 2.9% from 2.7% in November.
Banks told the Fed ahead of the December policy meeting that they saw this process ending in June of this year.
Trump advisers were weighing whether to strip Michael Barr of his leadership role at the Fed, but Barr stepped down from the ...
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Top Wall-Street brokerages revised their Fed rate cut forecasts, after a blow-out U.S. jobs report on Friday, with BofA ...
Citigroup — whose rate-cut outlook is among Wall Street’s most hopeful — still looks for five quarter-point cuts, but says they’ll start in May, vs January previously. Goldman Sachs sees ...
U.S. stock indexes were split as gains for oil-and-gas producers helped offset drops for Nvidia and other Big Tech companies.
A Wall Street veteran whose career spans four decades, Doll wrote in December 2023 that economists were too optimistic and it ...
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