Retail Sales Solid After Powell Caution On Fed Rate Cuts; S&P 500 …

1 day ago · October retail sales were solid after in-line inflation data and Jerome Powell's comments casting doubt on Fed rate cuts. The S&P 500 fell.

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Retail Sales Solid After Powell Caution On Fed Rate Cuts; S&P 500 …

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The odds of a quarter-point Fed rate cut in December fell to 55% vs. 58.4% shortly before the retail sales report. That's down from 72.2% on Thursday and above 80% on Wednesday. S&P …

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Wall St Sinks On Powell Rate-cut Caution, Trump Cabinet Picks

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1 day ago · Federal Reserve Chair Jerome Powell on Thursday cited ongoing economic growth, a solid job market, and inflation above the U.S. central bank's 2% target as reasons it can afford …

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Solid Retail Sales Put Dec. Fed Rate Pause In Play; S&P 500 Fades ...

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Oct 17, 2024 · After retail sales, jobless claims and industrial production data, markets are pricing in 89% odds of a quarter-point Fed rate cut at the Nov. 7 meeting, down from 94% on …

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Inflation Dents Fed Rate-Cut Hopes As Retail Sales Slump; S&P …

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Mar 14, 2024 · After the retail sales and PPI data, markets were pricing in just 4% odds of a Fed rate cut on May 1. Odds of a rate cut by June 12 stood at 63%, down from 67% before the …

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S&P 500, Nasdaq End Lower After Fed Rate Decision, Powell Press ...

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May 2, 2024 · Fed leaves policy rate unchanged as expected; Fed Chair Powell: further inflation progress not assured; Job openings hit three-year low; Indexes: Dow up 0.23%, S&P off …

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Retail Sales Mixed As Fed Meeting Weighs Half-Point Rate Cut; …

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Sep 17, 2024 · The S&P 500 rose 0.45% in early Tuesday stock market action, little changed after the retail sales report. That followed Monday's 0.1% rise and last week's 4% advance for the …

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The Federal Reserve Is Soft-launching The Idea Of No December …

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For traders who were banking on a rate cut next month, Powell’s remarks were a reality check. Two-year Treasury yields jumped eight basis points to 4.36% after his speech, and the chance …

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FAQs about Retail Sales Solid After Powell Caution On Fed Rate Cuts; S&P 500 … Coupon?

How did Powell's comments affect the stock market?

Stocks seesawed after Powell’s comments, closing mixed Tuesday. The Dow rose 64 points, or 0.2%. The S&P 500 fell 0.2% and the Nasdaq Composite lost 0.1%. ...

Why did US stocks waver Tuesday after Powell's 'lack of further progress'?

US stocks wavered Tuesday after Federal Reserve Chair Jerome Powell said a “lack of further progress” on inflation means the central bank likely won’t cut interest rates at its upcoming policy meeting just two weeks away, keeping them higher for longer. Stocks seesawed after Powell’s comments, closing mixed Tuesday. The Dow rose 64 points, or 0.2%. ...

What did Powell say about a neutral rate?

Powell explained that uncertainty about the neutral rate makes it essential to move carefully. Many Fed officials agree that rates remain in restrictive territory and favor a slow adjustment toward neutrality. Powell’s exact words? ...

What did Powell say about inflation?

Powell's comments came after both consumer and producer prices data this week pointed to persistent inflation. On Friday, data showed U.S. retail sales increased slightly more than expected in October, but underlying momentum in consumer spending appeared to slow at the start of the fourth quarter. ...

What did Jerome Powell say about the US economy?

Fed Chair Jerome Powell called the U.S. economy’s performance “remarkably good,” which sounds nice but actually means the central bank doesn’t feel pressed to ease up on rates anytime soon. Though he carefully avoided giving any hints about what’s next for the Fed. Wall Street took a hit. ...

Will Fed keep rates on hold at December meeting?

Retail sales rose 0.4% in October. Traders increased bets that the Fed will keep rates on hold at its December meeting - pricing in a 41.3% chance, compared with 14% a month ago, according to the CME FedWatch tool. "The retail sales number was overall pretty good. ...