Stocks Drop After Hotter Than Expected Inflation Reading
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Stocks Drop After Hotter Than Expected Inflation Reading

ByNews Polite

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Stocks on Wall Street slumped at the start of trading on Wednesday, dragged lower by data that showed consumer prices rose more than expected in January, leaving the Federal Reserve little cause to lower interest rates again soon. The S&P 500 fell roughly…

Stocks Drop After Hotter Than Expected Inflation Reading
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Inflation Stayed Sticky in January, Keeping Fed Rate Cuts at Bay

ByNews Polite

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines U.S. inflation rose to 3 percent in January, strengthening the case for the Federal Reserve to extend a pause on interest rate cuts. The Consumer Price Index unexpectedly ticked higher from a year earlier, data from the Bureau of Labor Statistics showed on…

Job Market Gives Fed Cover to Extend Interest Rate Pause
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Job Market Gives Fed Cover to Extend Interest Rate Pause

ByNews Polite

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Less than six months ago, Federal Reserve officials were wringing their hands about the state of the labor market. No major cracks had emerged, but monthly jobs growth had slowed and the unemployment rate was steadily ticking higher. In a bid to preserve…

U.S. Economy Grew 2.3 Percent in Fourth Quarter
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U.S. Economy Grew 2.3 Percent in Fourth Quarter

ByNews Polite

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Growth slowed but remained resilient at the end of 2024, leaving the U.S. economy on solid footing heading into a new year — and a new presidential administration — that is full of uncertainty. U.S. gross domestic product, adjusted for inflation, grew at…

What to Watch at the Federal Reserve’s First Meeting of 2025
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What to Watch at the Federal Reserve’s First Meeting of 2025

ByNews Polite

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines The Federal Reserve is set to stand pat at its first gathering of 2025, pressing pause on interest rate cuts as policymakers take stock of how the world’s largest economy is faring. After lowering interest rates by a full percentage point last year…

Inflation Sped Up in December, a Fresh Challenge for the Fed
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Inflation Sped Up in December, a Fresh Challenge for the Fed

ByNews Polite

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Consumer prices rose more quickly in December, the latest sign that the Federal Reserve’s fight against inflation may have stalled. The Consumer Price Index rose 0.4 percent from November, and was up 2.9 percent from a year earlier, the Labor Department said on…

Rate-Cut Decision Was Narrow, Fed Minutes Show
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Rate-Cut Decision Was Narrow, Fed Minutes Show

ByNews Polite

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Federal Reserve officials cut interest rates as expected last month. But minutes from their December meeting suggest that the decision was a close call — and that there is no guarantee policymakers will lower rates again anytime soon. The minutes of the central…