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
Key Points Job growth came in at a seasonally adjusted 64,000 for the month, beating the Dow Jones forecast of 45,000 and marking an improvement from October’s sharp decline. The unemployment rate increased to 4.6%, above expectations and the highest reading since September 2021. A broader measure that includes discouraged workers and those working part-time … Read more
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
There’s significant market activity in the US right now: Recent Fed policies have indicated another rate cut, and some analysts believe this may be the “last cut for a while.” This doesn’t necessarily mean that mortgage rates today will immediately continue to fall—but it’s a good indicator that the market may stabilize in the coming … Read more
After weeks of uncertainty over whether the Federal Reserve will cut interest rates for the third time this year, the growing consensus is that the central bank is likely to move forward with a 25-basis-point cut on Wednesday — even if officials aren’t fully aligned. “This is a hard call,” said Alan Blinder, former Fed … Read more