Fed getting ‘closer’ to rate cuts, top officials say
Fed Governor Christopher Waller and New York Fed President John Williams both voiced that description of the shortening horizon toward looser monetary policy.
Fed Governor Christopher Waller and New York Fed President John Williams both voiced that description of the shortening horizon toward looser monetary policy.
U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents.
The Labor Department’s employment report also showed the economy created 111,000 fewer jobs in April and June than previously estimated.
The benchmark S&P 500 touched a record high on Thursday, boosted by strong gains in Nvidia.
The Fed is almost certain to hold its benchmark overnight interest rate steady, with investors placing nearly a 100% probability on that outcome.
U.S. employers hired more workers than expected in December while raising wages at a solid clip.
Sales of new U.S. single-family homes fell more than expected in October, likely as higher mortgage rates reduced affordability.
U.S. retail sales fell for the first time in seven months as motor vehicle purchases and spending on hobbies dropped.