#inflation #consumer #consumerspending #yahoofinance #fed The Federal Reserve’s preferred inflation gauge, the PCE Index, showed inflation continued to cool in November. But that doesn’t mean Americans are feeling a tremendous amount of relief when they go to the store. As Economic Cycle Research Institute Co-Founder Lakshman Achuthan explains “the rate of inflation is coming down, but it doesn’t mean that prices levels have come down… They went up and they’re just not rising as fast, they’re rising slower.” Overall, Acuthan says that discretionary spending is softening, while non-discretionary spending, such as education and healthcare, remains “solid.” Watch the video above to hear what Acuthan says about what the cooling inflation […]
#recession #presidentialelection2024 #yahoofinance #economy As 2023 wraps up, investors are looking ahead to 2024 and how the presidential election will impact the market. As part of Yahoo Finance’s 2024 Investor Guide, LPL Financial Chief Equity Strategist Jeff Buchbinder joins Yahoo Finance to discuss how the 2024 presidential election may impact the market and how recessions have called previous elections. “We expect gains next year. That would be consistent with the historical pattern,” Buchbinder says. “The economy is really the biggest driver… of not just how elections turn out but how markets do… If we continue to have surprises on the U.S. economy, like we’ve had in 2023, then no doubt […]
#yahoofinance #inflation #fed #fedratehike The November Personal Consumption Expenditures (PCE) price index came in lower than expectations, declining 0.1 percent month-over-month. Core PCE inflation grew 3.2 percent, which was below estimates of 3.3 percent. Yahoo Finance’s Jennifer Schonberger discusses the data and what this cooling inflation may mean for the future of the Federal Reserve’s rate hikes. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the […]
Stocks moved into positive territory Friday, with the Dow pulling just over the flat line as the prospect of deeper and earlier interest-rate cuts continued to buoy Wall Street’s spirits. The Dow Jones Industrial Average (^DJI) ticked up 0.1%, or about 30 points, after the blue-chip index closed at a fresh all-time high Thursday. The S&P 500 (^GSPC) was virtually unchanged, while the tech-heavy Nasdaq Composite (^IXIC) gained 0.5%. Markets rejoiced after the Federal Reserve’s surprise shift in tone to dovish this week, as it signaled more rate cuts in 2024 and acknowledged its anti-inflation campaign is gaining traction. That has helped drive a record-setting rally in US stocks, and […]
US stocks slipped on Wednesday amid fresh signs of economic malaise, as oil prices hit lows not seen since June and investors looked to data that signaled more cooling in the labor market. The S&P 500 (^GSPC) fell about 0.4% while the Dow Jones Industrial Average (^DJI) dropped more nearly 0.2% or about 70 points. The Nasdaq Composite (^IXIC) shed roughly 0.6%. Wednesday brought fresh signs of softening in the labor market, as the ADP gauge on private payrolls missed expectations, finding that 103,000 jobs were added in November. That came after Tuesday’s soft reading on jobs openings bolstered optimism for a Fed pivot to cutting interest rates. Markets are […]
#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto To get the latest market news check out finance.yahoo.com The S&P 500 and Nasdaq eked out gains Wednesday, narrowly continuing Wall Street’s red-hot run of gains, as investors digested a fresh batch of corporate earnings amid a quiet week on the economic calendar. The S&P 500 (^GSPC) closed up 0.1%, extending its winning streak to eight days, the longest for the benchmark index since 2021. The Nasdaq Composite (^IXIC) also rose around 0.1%, continuing its own streak for the ninth straight session. The Dow Jones Industrial Average (^DJI) came in around 0.1% lower. Words of caution […]
Stocks traded higher during afternoon trading on Monday as investors prepared for a host of corporate earnings this week. Wall Street also braced for heightened geopolitical tensions as the US attempted to advance efforts to contain the Israel-Hamas conflict. The Dow Jones Industrial Average (^DJI) increased nearly 1% or about 300 points while the S&P 500 (^GSPC) gained just over 1%. The tech-heavy Nasdaq Composite (^IXIC) increased about 1.1%. Earnings season picks up steam this week, with reports from Goldman Sachs (GS) and Bank of America (BAC) due Tuesday after upbeat results from their Wall Street peers. Updates from Tesla (TSLA) and Netflix (NFLX) kick off tech earnings on Wednesday, […]
“September’s Consumer Price Index (CPI) print saw core inflation rise 0.3% month-over-month and 4.1% year-over-year — in line with what was expected. Expert opinions seem to be mixed on what this means for the economy, some saying it shows healthy signs for the economy while others were expecting better numbers. KPMG Senior Economist Yelena Maleyev and Jeffrey Kleintop, Charles Schwab Chief Global Investment Strategist, join Yahoo Finance Live to share their feelings on the Core CPI and how it relates to inflation and the economy moving forward. “”The market was braced for a hotter report after a hotter PPI yesterday and hot jobs report on Friday,”” Kleintop says. “”So initial […]
The Consumer Price Index (CPI) ticks up in the month of September, rising 0.4% month-over-month and 3.7% year-over-year — slightly higher than expected. Core CPI — the cost of goods and services, excluding the food and energy sector — rose 0.3% month-over-month and 4.1% year-over-year, coming in line with projections. Yahoo Finance Live breaks down the September inflation print and how the market is reacting to the data in the pre-market session from the Nasdaq MarketSite. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your […]
