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Fed holds rates as inflation remains sticky; Bowman favors gradual future adjustments
Published on: January 31, 2025, 04:01 PM UTC
Chicago Fed's Goolsbee: Inflation data eases concerns, but tariffs a worry
Published on: January 31, 2025, 04:00 PM UTC
Intel shares fall after the chipmaker's revenue forecast for the current period falls short of analysts' expectations, impacted by weaker demand and market share loss.
Published on: January 31, 2025, 04:00 PM UTC
Data from the Fed's favored inflation indicator, the Personal Consumption Expenditures (PCE) index, showed prices stayed sticky in December 2024. The "core" PCE index, which excludes food and energy, was up 2.8% year-over-year, matching the level seen in November. On a month-over-month basis, "core" PCE rose 0.2%, faster than the 0.1% increase in November. These figures align with Wall Street expectations. Following the release of this data, the Fed decided to keep interest rates on hold, following three consecutive cuts at the end of 2024. The central bank is taking a cautious approach as it monitors inflation and uncertainties surrounding the economic policies of the Trump administration.
Published on: January 31, 2025, 04:00 PM UTC
Fed rate hike bets barely budge after inflation ticks up
Published on: January 31, 2025, 03:05 PM UTC
Oil prices fluctuate as President Trump threatens tariffs on US crude imports from Canada and Mexico
Published on: January 31, 2025, 03:05 PM UTC
US stocks rose on Friday after solid earnings from Apple and as the Federal Reserve's preferred inflation gauge matched expectations. Investors also braced for a looming tariff deadline. The tech-heavy Nasdaq Composite climbed 1.2%, while the S&P 500 and Dow Jones Industrial Average gained moderately, coming off on Thursday's gains.
Published on: January 31, 2025, 03:04 PM UTC
Get the latest on US stocks, where markets gained momentum as investors digested Big Tech earnings and awaited Apple's report for insights on Big Tech prospects.
Published on: January 31, 2025, 03:03 PM UTC
Utility stocks' gains halted by generative AI's potential for efficiency, leading to tumbling valuations. While some analysts foresee data center demand supporting the sector, others warn of risks.
Published on: January 31, 2025, 03:03 PM UTC
The Federal Reserve's preferred inflation gauge, the core Personal Consumption Expenditures (PCE) index, rose 0.2% in December, meeting expectations and remaining above the Fed's 2% target.
Published on: January 31, 2025, 03:02 PM UTC