U.S. Stock Indices end Volatile Week with Modest Gains
Major U.S. stock indices ended a volatile week with modest gains while emerging markets stocks fell. Traders anticipate rate cuts next year as inflation continues to move closer to the FED’s 2.0% goal. The FED’s preferred gauge, the core PCE price index, rose 3.2% from a year ago. Treasury bond yields were mixed with the […]
Stocks Rise As Fed Members Predict Rate Cuts by End of 2024
Major stock indices had substantial gains this week. The Federal Reserve met and chose to leave the short-term interest rate at a range of 5.25 to 5.5%. The FED members’ dot plot predicted that this rate likely would be cut 0.75% by the end of 2024 which may mean three – quarter point cuts. Although […]
Stocks Mixed As Traders Await Fed Meeting Next Week
Major stock indices were mixed with the Nasdaq Composite ending the week higher and developed international and emerging markets ending the week lower. While the U.S. gained 199,000 jobs in November, that number was elevated due to the end of the UAW strike. The number of job openings have been falling, lending credence to the […]
Stocks Continue to Gain on Signs of Slowing Inflation
Major stock indices ended the week higher with a substantial gain in the Dow Jones 30 Industrials. Keep in mind that the Dow only contains 30 stocks so sharp gains in one or two stocks can have a dramatic effect in the index. Stocks rallied as there were ongoing signs of slowing inflation. OPEC+ met […]
Stocks Post Modest Gains In Holiday Shortened Week
Major stock indices posted modest gains in this holiday shortened week. The Federal Reserve released the minutes of its November meeting and, while noting that inflation is trending lower, did not rule out further rate increases and did not discuss rate cuts. Some economic numbers indicate a slowing economy, which can reduce inflationary pressures, while […]
