Stay updated with the latest fintech market trends, insights, and analysis. Explore breaking news, market movements, and expert opinions to make informed decisions in the ever-evolving financial technology landscape
Consumer sentiment declined due to pessimism over inflation, with one-year expectations jumping to 4.3% from 3.3%. The University of Michigan's preliminary February read dropped to 67.8, its lowest in seven months.
Published on: February 07, 2025, 08:02 PM UTC
Oil prices fall for a third straight week amid US-China trade war concerns
Published on: February 07, 2025, 08:02 PM UTC
Chicago Fed President Austan Goolsbee says interest rates may be on hold now, but he sees them moving lower over the next 12-18 months. He believes the economy is on track to reach 2% inflation and that the Fed will need to determine which inflation is transitory and which is permanent.
Published on: February 07, 2025, 08:02 PM UTC
The US labor market remains resilient, with low unemployment, rising wages, and stronger-than-expected job growth. This reduces the likelihood of the Fed cutting interest rates and suggests the market may see fewer cuts this year.
Published on: February 07, 2025, 08:01 PM UTC
Doximity (DOCS) stock jumped 37.6% after Q4 revenue beat estimates, driven by strong platform engagement and AI tool growth.
Published on: February 07, 2025, 08:01 PM UTC
Federal Reserve officials note the strong job market but remain uncertain about the effects of new policies on economic growth and inflation, signaling no rush for interest rate cuts.
Published on: February 07, 2025, 08:00 PM UTC
Fed Governor Kugler Advocates for Holding Interest Rates Due to Stable Labor Market, Limited Inflation Progress, and Policy Uncertainty
Published on: February 07, 2025, 07:03 PM UTC
The US labor market remained resilient in January, with unemployment falling to 4%, wages rising 4.1%, and job creation revised higher. Market pricing now suggests a 67% chance that the Fed will hold interest rates steady through its May meeting.
Published on: February 07, 2025, 07:03 PM UTC
US stocks fell Friday as investors reacted to rising geopolitical tensions and disappointing economic data. The S&P 500 lost 0.84%, while the Nasdaq Composite declined 1.03%. The Dow Jones Industrial Average also fell 0.91%.
Published on: February 07, 2025, 07:02 PM UTC
Mortgage rates remain high, and consumers are losing hope that they will fall anytime soon. Fannie Mae's latest survey shows that only 35% of respondents expect rates to drop in the next 12 months, down from 42% in December. The share of consumers who think rates will rise jumped to 32%, from 25%.
Published on: February 07, 2025, 07:02 PM UTC