Stock market's big rally, inflation could mean Fed has only one rate cut left before a pause, says CIO
Wednesday's inflation reading, while ticking up to a 2.6% yearly rate as expected, continues to hold above the Federal Reserve's 2% target. Combining that with the easing of financial conditions on the heels of a powerful rally in the stock market in early November could drive the Fed to cut rates only one more time before taking a pause,
Indexes traded mixed on Thursday as traders assessed new inflation data and waited for remarks from Federal Reserve Chair ...
19hon MSN
Inflation accelerated slightly for the month of October, sparking concern the Fed could pause its interest rate-cutting cycle ...
The dollar is trading at a near two-year high. Follow along for live updates on stocks, bonds and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Core CPI, which excludes food and energy costs and is considered a better indicator of future prices, also matched estimates.
The S&P 500 and Nasdaq are slightly higher in premarket trading. Short-term Treasury yields are lower, while longer-term yields are up. Bitcoin is just off a record high.
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