Tag Archives: bond market

The September 2024 FOMC meeting is poised to conclude on September 18th, with Fed Chairman Powell’s press conference following. Traders and economists are divided over the size of the rate cut, with 59% odds of a 50bps interest rate cut and 41% probability of a 25bps cut per CME FedWatch. …

Wall Street is continuing a monthslong run where it’s slavishly followed the cue of the bond market. The S&P 500 shook off a weak start and was up 0.3% in midday trading. The benchmark index is coming off its worst week in a month. Early Monday morning, the yield on …

US stocks fell on Friday as Wall Street weighed the government’s monthly employment report, which revealed how labour conditions remained tight in September, despite a slowdown in hiring; a sign the Fed will proceed with aggressive monetary tightening.The US economy added 263,000 jobs last month as the unemployment rate fell …

The S&P 500 rose for a third day on Monday, as a sharp climb in shares of Tesla overshadowed weakness in energy and bank stocks, while Russia and Ukraine were poised to hold their first face-to-face peace talks in more than two weeks.The S&P energy index (.SPNY), off 2.56%, was …

The Federal Reserve has just raised its benchmark interest rate for the first time since 2018, but it is already time for the market to look beyond this move. While there are complicating factors such as the war in Ukraine, the most prominent issue for the Fed is that economic …