All Eyes on Thursday’s CPI: Why One Number Could Decide Markets’ Next Move

CPI Report

Key Points Wall Street is bracing for Thursday’s release of the November consumer price index, a closely watched report that will be the first snapshot of inflation since the record-setting U.S. government shutdown wrapped up last month. Economists surveyed by Dow Jones expect the data to show inflation running at a 3.1% annual pace. Core … Read more

Powell Sends a Reality Check on Housing: Why Rate Cuts Aren’t Fixing the Market

Powell

Federal Reserve Chair Jerome Powell warned that the housing market’s problems aren’t going away anytime soon, saying recent interest rate cuts are unlikely to improve affordability or ease the tight supply of homes meaningfully. Powell made the comments during a press conference on Wednesday after Fed officials voted to cut the benchmark federal funds rate … Read more