The anticipation that the US Federal Reserve will lower its key policy rate in September was reinforced by Jerome Powell’s dovish comments on Friday, which saw a spike in US markets. The Fed funds target rate should be lowered because “the upside risks of inflation have diminished,” Powell stated in remarks that were eagerly anticipated … Read more
Ahead of the Jackson Hole symposium later this week and the release of the minutes from the Federal Reserve’s most recent policy meeting, US markets were neutral on Tuesday. Investors will try to look for hints from the two incidents at the September monetary policy meeting. The S&P 500 gained 5.71 points, or 0.10 per … Read more
An in-line US inflation report did little to change betting that the Federal Reserve will begin reducing rates in September, and stocks rebounded. The S&P 500 continued to rise for a fifth day in a row, marking the longest winning run in over a month. Most of its key categories benefited, with shares in the … Read more
Tuesday’s gains in U.S. indices saw them close at a nearly two-week high, as lower producer pricing data supported expectations of a Federal Reserve interest rate drop in September. Because less expensive services offset an increase in the cost of products, U.S. producer prices rose less than anticipated in July, suggesting that inflation remained mild. … Read more
