Stock Market News
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BusinessYahoo FinanceStock market today: S&P 500, Nasdaq soar to fresh records after inflation cools and Fed sees improving outlok
After a cooler-than-expected inflation reading on consumer price increases in May, investors are turning focus to the Federal Reserve decision at 2 p.m. ET.
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BusinessBenzingaFed Chair Powell Tempers Market Excitement: 'We Want To Gain Further Confidence' On Inflation
Federal Reserve Chair Jerome Powell reiterated during his June press conference that policymakers “want to gain further confidence” on inflation before considering interest rate cuts, slightly dampening market enthusiasm fueled by a lower-than-expected inflation report released earlier Wednesday. “So far this year, the data has not given us that greater confidence. The inflation data received earlier this year were higher than expected, though more recent monthly readings have eased somewhat,” P
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BusinessBloombergWall Street’s Rate-Cut Dreams Have to Wait as Fed Stays on Hold
(Bloomberg) -- Wall Street got a reality check on Wednesday as the Federal Reserve laid out projections for just one interest-rate cut in 2024 with traders hoping the central bank would be more aggressive in reducing borrowing costs. Most Read from BloombergUS Inflation Broadly Cools in Encouraging Sign for Fed OfficialsBlinken Casts Doubt on Cease-Fire Hopes After Hamas RespondsHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.EU to Slap Tariffs of Up to 48% on EV Imports From China