All articles tagged with #fed interest rate
The upcoming release of September's CPI inflation data is crucial for the Federal Reserve's decision on interest rates amid a government shutdown that has delayed key economic indicators, creating uncertainty in monetary policy and market reactions, with most analysts expecting a rate cut at the October FOMC meeting.
Stock futures are mixed ahead of the Fed's interest rate decision, with Nvidia falling over China restrictions and Uber dropping after a partnership announcement. The market awaits the Fed's decision and Powell's comments, while StubHub goes public.
Oil prices rose due to slowing inflation in the US and China's efforts to boost its economy. The market is waiting for the Federal Reserve's interest rate decision and the weekly report on US oil inventories. The US benchmark, WTI Crude, was up by 1.12% at $70.20, and the international benchmark, Brent Crude, was trading at $75.20, up by 1.22% on the day. The higher chances of a Fed pause in rates could raise the chances of a soft landing of the US economy later this year.
The stock market is set for a sharp decline as Credit Suisse's shares sank nearly 30% early Wednesday, dragging down U.S. bank stocks. Investors are also digesting cooler-than-expected February producer price data after Tuesday's as-expected consumer price print. The market still puts over 50% odds on a quarter-point Fed interest rate increase. BlackRock CEO Larry Fink doubles down on the need to know real risks, including climate change. Wednesday is the first day of unfettered commerce with China, as exporters can meet with the Chinese to assess actual demand.