Key Points
NEW YORK (Reuters) -U.S. stocks advanced Tuesday and the dollar dipped after a report showed sticky U.S. inflation meandering lower as the Federal Reserve convened to assess policy and investors awaited a sign on when to expect interest rate cuts...
The Labor Departments Consumer Price Index (CPI) unexpectedly inched higher on a monthly basis in November, but edged lower on an annual basis, stoking concerns that inflation is taking longer to return to the Feds 2% target than many had hoped and raising the possibility that the central bank will keep policy rates in restrictive territory longer...
The Federal Open Markets Committee (FOMC) gathered for its two-day monetary policy meeting, which is expected to culminate in a decision to leave the Fed funds target rate at 5.25%-5.50%...
Treasury yields edged lower after the core CPI number landed largely in line with expectations, bolstering views that the Fed will hold its key policy rate steady on Wednesday...
Benchmark 10-year notes last rose 8/32 in price to yield 4.2082%, from 4.239% late on Monday.. The 30-year bond last rose 9/32 in price to yield 4.3151%, from 4.33% late on Monday.. The dollar lost ground against a basket of world currencies in anticipation of the Feds updated economic and interest rate projections expected on Wednesday...
You might be interested in
Federal Reserve delivers small rate hike amid recent financial turmoil in U.S.
22, Mar, 23The Federal Reserve raised interest rates by a quarter of a percentage point on March 22 amid recent turmoil in financial markets spurred by the collapse of two U.S. banks, Silicon Valley Bank (SVB) and Signature Bank.
Wall Street inches higher after CPI report, crude slides
13, Dec, 23By Stephen Culp NEW YORK (Reuters) -U.S. stocks inched higher in choppy trading on Tuesday and the dollar dipped after a crucial report showed sticky U.S. inflation continues to meander along its slow
US Federal Reserve holds rates steady, flags ‘lack of progress’ on inflation
01, May, 24US Fed said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target.
US stocks pare gains after Powell's remarks; S&P 500, Dow Jones slump 1.6%
22, Mar, 23The S&P 500 falls 1.6% to 3,936.97. The Dow Jones Industrial Average slips 1.6% to 32,030.11. The Nasdaq composite sinks 1.6%, to 11,669.96
Global stock index edges up, dollar falls after U.S. inflation reading
27, Jan, 24By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) -MSCI's global stock index was edging higher while Wall Street indexes slipped on Friday and the dollar fell after the U.S. Federal Reserve's
Dollar ticks up as traders wait on Fed for rate cut timing clues
13, Dec, 23By Kevin Buckland TOKYO (Reuters) -The dollar ticked up slightly versus major rivals on Wednesday, as traders braced for the conclusion of a Federal Reserve policy meeting that could provide clues on
Asian shares, dollar wobble on caution before central bank meetings
22, Apr, 23By Ankur Banerjee SINGAPORE (Reuters) - Asian stocks inched lower on Thursday, while the dollar clung to overnight gains in cautious trading as U.S. Federal Reserve policymakers reiterated their
Dollar gains on risk sentiment, Swiss franc falls on surprise rate cut
22, Mar, 24By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) -The dollar rose on Thursday after the Swiss National Bank's surprise interest rate cut bolstered global risk sentiment and underscored the
US stocks edge higher ahead of holiday, crude tumbles
22, Nov, 23By Stephen Culp NEW YORK (Reuters) -U.S. stocks resumed their uphill climb led by interest rate sensitive megacaps on Wednesday, while crude prices slid as investors digested economic data and the