CNBC is out with a timely take that could have major implications for investors heading into the traditionally weaker summer months…
Tag: U.S. Federal Reserve
U.S. Federal Reserve cuts interest rate by 25 basis points
On Wednesday, the U.S. Federal Reserve delivered its third interest rate cut of 2025, lowering the benchmark federal funds rate by 25 basis…
Stocks hit record highs on positive U.S. inflation data
U.S. stocks surged to record highs on Friday as major indexes climbed, fueled by data revealing even milder-than-expected inflation last…
U.S. CPI data shows stable inflation and lower costs for groceries and gas; September interest rate cut likely
Today’s U.S. Consumer Price Index (CPI) report shows inflation holding steady at 2.7% in July, defying predictions of sharp tariff-driven…
Fed Chair Powell says no need to rush interest-rate cuts
Wall Street is expected to open lower on Friday, following Federal Reserve Chair Jerome Powell’s comments on interest rate cuts…
Apple cuts Apple Card Savings interest rate
Apple and banking partner Goldman Sachs are cutting the Apple Card Savings Account interest rate from 4.4% to 4.25%…
S&P 500 falls from record as investors rotate out of 2024 tech winners
The S&P 500 pulled back from its record high after a slightly lower than expected U.S. inflation report was released…
Dow plummets 500 points as sell-off intensifies amid U.S. inflation concerns
Stocks sold off and the Dow dropped 500 points Friday as U.S. inflation and geopolitical worries once again weighed on investor sentiment…
Amid historic inflation, Fed likely to keep interest rates higher until corporate profit margins crack
Rising corporate profit has accounted for almost half the spike in euro zone inflation since the start of 2022, according to the IMF…
U.S. inflation rose hotter-than-expected 3.1% in January, dimming hopes for Fed rate cuts
U.S. inflation rose 3.1% in January, a hotter-than-expected increase that dims hopes that the Federal Reserve will begin cutting interest…
Stocks futures drop as yields rise after U.S. Fed signals higher-for-longer interest rates
After the U.S. Federal Reserve signaled that another rate hike was in the offing this year, stock index futures fell on Thursday pressured…
Dow closes below the 200-day moving average ahead of February U.S. jobs numbers
The Dow closed below the 200-day moving average Thursday. February jobs numbers will be released early Friday…
Dow futures plummet on hotter-than-expected U.S. inflation data
U.S. stock futures fell Friday morning as key key U.S. inflation data came in hotter than expected across the board…
Apple, other stocks falls as U.S. recession worries mount
Apple and stock indexes fell on Monday as investors feared that tamping down rampant U.S. inflation could lead to double-dip recession …
Stock futures fall on growing recession fears
U.S. stock index futures fell on Wednesday after warnings of a looming recession from major Wall Street bankers offset any optimism…
Stocks drop, dollar strengthens as markets eye U.S. inflation data
Stock prices dipped as the dollar strengthened on Thursday, ahead of U.S. inflation data that will influence the Federal Reserve’s interest…
U.S. Fed implements 0.75 point interest rate in attempt to quell rampant inflation; warns rates will peak at higher level than expected
U.S. Federal Reserve Chairman Jay Powell warned U.S. interest rates would peak at a higher level than expected after hiking its main interest…
Fed’s preferred gauge shows rampant U.S. inflation hotter than expected in August
According to new data released on Friday, the U.S. Federal Reserve’s preferred inflation gauge accelerated again in August…
Tech stocks drag stock market lower on growth concerns
The U.S. stock market’s main indexes fell on Thursday, extending declines for a third straight session, as investors worried that the…
Fed raises interest rates, pledges more hikes amid rampant inflation; warns of recession
The Fed raised interest rates and indicated it will keep hiking well above the current level as it attempts to tamp down rampant inflation …
Goldman Sachs: Rampant U.S. inflation could cause further 27% drop in the S&P 500
It’s not just that the U.S. Fed is going to be aggressive after the latest shocking U.S. inflation figure, still running at 40-year highs…
Dow plummets 1,200 points on rampant U.S. inflation
U.S. stocks fell sharply on Tuesday, with the Dow plummeting 1,200 points, after a key August inflation report came in hotter than…
Dow futures drop 400 points on hotter-than-expected U.S. inflation
A hotter-than-expected CPI report resulted in a quick reversal in stock futures Tuesday morning. Dow futures, which were…
Wall Street in the red amid rampant inflation, persistent rate hike concerns
Wall Street’s indexes slipped on Tuesday as expectations that the Federal Reserve will keep raising interest rates due to rampant inflation …
Stocks set to extend losses on U.S. inflation, interest rate worries
U.S. stock indexes were set to open lower on Monday on worries over the Fed’s interest rates hikes to combat rampant U.S. inflation in…
Wall Street sells off after Powell speech on rate hikes to combat rampant U.S. inflation
Powell said the central bank won’t be turning dovish in its fight against rampant U.S. inflation running at Carteresque 40-year highs…
U.S. stocks swoon, Dow set for worst first-half since 1962
U.S. stocks swooned on Thursday, setting the Dow up for its worst first six months since 1962, on concerns that rampant U.S. inflation…
U.S. stock futures tumble as S&P 500 heads for worst first half in 52 years
U.S. stock futures tumbled, with the major averages on track to post steep June declines and the worst first half in 52 years as inflation…
U.S. GDP contracted 1.6% in Q1 amid rampant inflation; stocks head for worst 1H since 1970
The final revision of first-quarter gross domestic product confirmed a larger contraction of the U.S. economy than earlier readings…
Fed announces rate hike not seen in decades in attempt to fight rampant U.S. inflation
The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by 75-basis points in an attempt to cool inflation not seen in…
Rampant U.S. inflation accelerated in May to hit 8.6%, highest in 41 years
Rampant U.S. inflation accelerated even further in May, with prices rising 8.6% year over year, marking the fastest increase since 1981…
Key U.S. inflation measure rises to near 40-year high
The U.S. Federal Reserve’s preferred gauge to track inflation climbed 4.9% in April from the previous year, close to the highest level…
Stock futures signal more selling on Wall Street as stagflation fears mount
Futures are down again as stark warnings from some of the world’s biggest retailers spotlighted rampant inflation, fueling stagflation fears…
Apple swoons, Nasdaq falls more than 3% amid historic U.S. inflation
Apple and other U.S. stocks ended sharply lower on Wednesday after historic U.S. inflation data did little to ease investor worries over…
Rampant inflation hits 8.3% in April year over year, remains near 40-year highs
U.S. inflation rose again in April, accelerating to 8.3% in April, more than the 8.1% estimate and near the highest level in more than 40…
Wall Street sells off, led by Apple shares amid inflation, rate concerns
U.S. stocks ended sharply lower on Monday, led by declines in Apple and other mega-cap growth shares as the benchmark 10-year yield…
Apple, main stock indexes end higher in see-saw trading before Fed meeting
Ahead of this week’s U.S. Federal Reserve meeting, Apple and Wall Street’s main indexes seesawed throughout the session to close higher…
Stock futures slip on U.S. Federal Reserve’s hawkish pivot over rampant inflation
Jerome Powell’s speech signaled a hawkish pivot for the central bank in an attempt to more quickly to combat rampant inflation at more than…
U.S. Producer Price Index surges 11.2% in March, highest level on record
The U.S. Labor Department reported Wednesday that the Producer Price Index (PPI), which measures inflation at the wholesale level before…
U.S. Inflation hits 40-year high as gas and food prices surge
U.S. inflation accelerated to a new four-decade high in March as rapid price gains wiped out the benefits of rising wages for most Americans…
U.S. stock market swoons ahead of crucial inflation data
The U.S. stock markets closed sharply lower on Monday as rising bond yields weighed on market-leading growth stocks ahead of inflation data…
U.S. stock market falls on fears of hawkish Fed
The U.S. stock market’s main indexes fell on Tuesday after U.S. Federal Reserve Governor Lael Brainard said she expects rapid reductions…
