Federal Reserve Governor Stephen Miran, a strong supporter of President Donald Trump, stated on Monday that central bankers are underestimating the extent of the pressure that interest rates are exerting on America’s labor market. “I view policy as very restrictive, Read More …
The major U.S. index futures are indicating a lower open on Monday, suggesting that stocks may retreat after their upward movement in the last two sessions. Profit taking could lead to early weakness, as certain traders aim to capitalize on Read More …
The stock market is disregarding concerns regarding a softening labor market and persistent inflation, instead welcoming a highly anticipated interest rate reduction. Analysts suggest that the current optimism has potential for further growth; however, stocks may face challenges if concerns Read More …
Federal Reserve Governor Stephen Miran stated on Friday, in his initial remarks as a monetary policymaker, that President Donald Trump’s extensive tariffs are not contributing to inflation. He emphasized the need for a swift reduction in interest rates to avert Read More …
This year’s winter heating expenses could evoke concern among numerous Americans. The anticipated expense for maintaining warmth in residences is projected to increase by an average of 7.6%, reaching $976 this season. The increase is attributed to rising electricity and Read More …
The major U.S. index futures are indicating a higher open on Thursday, suggesting that stocks are poised for an upward movement following yesterday’s mixed and volatile session. Technology stocks could potentially drive an early rally, the 1.1 percent increase in Read More …
The Federal Reserve’s rate cut this week is impacting the housing market, leading to a decrease in mortgage rates and a surge in refinancing activity. The 30-year fixed mortgage rate averaged 6.26% for the week ending September 18, a decrease Read More …
The Federal Reserve on Wednesday reduced interest rates for the first time since December to bolster America’s struggling labor market. Nonetheless, the trajectory of the economy appears unclear, as stated by the head of the central bank. The Fed has Read More …
The major stock market futures are indicating a nearly unchanged start on Wednesday, suggesting that stocks may continue the uninspiring trend observed in the prior session. Market participants might remain on the sidelines as they await the Federal Reserve’s much-anticipated Read More …
Federal Reserve officials are gathering on Tuesday and Wednesday for a crucial meeting amid extraordinary conditions. On Wednesday, following their two-day policy meeting, central bankers are anticipated to declare their first interest rate reduction since December to bolster the slowing Read More …