Gold eases as dollar gains, Fed rate cut bets lend support
Gold prices inched up on Thursday following a sharp rise in the last session as the dollar and bond yields weakened on the increasing likelihood of rate cuts by the …
Federal Reserve Bank
U.S. inflation data fuels bets of Fed rate cuts as early as September
Traders work on the floor during morning trading at the New York Stock Exchange on May 14, 2024. Spencer Platt | Getty Images Traders appear increasingly confident that the U.S. …
Powell says inflation has been higher than thought and expects rates to hold steady
Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking to the …
Here’s what to expect from the April jobs report on Friday
A jobseeker takes a flyer at a job fair at Brunswick Community College in Bolivia, North Carolina, on April 11, 2024. Allison Joyce | Bloomberg | Getty Images Hiring likely …
Fed rate decision May 2024: Fed holds rate steady
WASHINGTON – The Federal Reserve on Wednesday held its ground on interest rates, again deciding not to cut as it continues a battle with inflation that has grown more difficult lately. In …
Fund manager says there is no economic rationale for Fed rate cuts
The only reason the Federal Reserve might be tempted to cut rates would be to help the U.S. cover interest payments for the national debt, according to fund manager Freddie …
Eli Lilly, 3M, PayPal, Tesla and more
Check out the companies making headlines in midday trading. Eli Lilly — Shares added 5% after Eli Lilly, maker of the Mounjaro diabetes and weight loss drug, beat analysts’ expectations …
All data shows inflation isn’t going away, making things tough on Fed
A customer shops for food at a grocery store on March 12, 2024 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images The last batch of …
Big change in global growth is bullish for commodities: VanEck CEO
Investors should consider commodities due to a “big change” involving international expansion, according to VanEck CEO Jan van Eck. “The world economy started growing again,” van Eck told CNBC’s “ETF …
Would the Fed really hike rates? This is what would have to happen
Though it was unthinkable just a short time ago, the question of what it would take the Federal Reserve to raise interest rates further is gaining increasing attention. The answer …