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S&P 500 Slips After Fed Keeps Rates Steady
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S&P 500 Pushes Past Previous Record After Inflation Report
Investors seized on the latest inflation report as another sign that interest rates could be cut his year, helping push the S&P 500 past its March record.The New York Times - Top stories -
Fed Chair Jerome Powell says inflation has been higher than thought and expects rates to hold steady
Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period.NBC News - Top stories - Federal Reserve -
Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady
Speaking to the Foreign Bankers' Association, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed considerably this year.CNBC - Business - Federal Reserve -
Get ready for more S&P 500 highs, but bigger dips, says faithful S&P 500 bull
The Kobeissi Letter’s Adam Kobeissi has been a faithful and largely accurate bull since the S&P 500’s October lows. He’s still bullish but says get ready for some choppiness.MarketWatch - Business -
Traders were bullish, lifting the S&P 500 and Dow by 0.5% and 0.3%, respectively, and sending the Nasdaq up 0.8% to a record.
Traders were bullish, lifting the S&P 500 and Dow by 0.5% and 0.3%, respectively, and sending the Nasdaq up 0.8% to a record.The Wall Street Journal - World -
China's Central Bank Holds Key Policy Rates Steady
The People’s Bank of China held key policy rates steady, a move that could preface a hold on benchmark lending rates later this month.The Wall Street Journal - World - China -
Will High Interest Rates Curb Inflation? The Fed Will Wait and See
While consumers clamor for rate cuts, the central bank leadership is prepared to hang on until inflation stops climbing.Inc. - Business - Federal Reserve -
Fed Chair Jerome Powell Maintains Wait-and-See Posture on Inflation and Rates
The Fed chief said he expected inflation to continue heading lower but that he was less confident than he had previously been about that outlook.The Wall Street Journal - World - Federal Reserve -
Fed’s Powell hints interest rates will stay high as US inflation lingers
Central bank chair says economy performing well but cites ‘lack of progress’ on price pressuresFinancial Times - Business - Federal Reserve -
Feds: Boeing could be prosecuted after it allegedly breached agreement terms
This comes after the cabin door of an Alaska Airlines plane blew off mid-flight in January, sparking congressional and federal investigations.CBS News - Top stories
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