Tag: The Fed

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Jamie Dimon backs Jerome Powell’s rate cut strategy

The Fed may claim it's not Jay Powell's job to please the markets, but backing from JPMorgan CEO Jamie Dimon doesn’t hurt.In September, Powell...

Morning Bid: US rates back up, stocks back down

(Reuters) - A look at the day ahead in Asian markets.A short-lived conviction that the Fed would stick to a dovish path evaporated after...

A critical labor report meets a stock market at record highs: What to know this week

Stocks drifted higher over the past week, with the S&P 500 (^GSPC) notching several record closes as investors digested more signs of cooling inflation...

Instant view: August US PCE inflation cools to within reach of Fed target

(Reuters) - The personal consumption expenditures (PCE) price index rose 0.1% in August after an unrevised 0.2% gain in July the Commerce Department reported...

Fed’s preferred inflation gauge shows prices increased less than Wall Street expected in August

The latest reading of the Fed's preferred inflation gauge showed prices increased at a slower pace than expected on a monthly basis in August.The...

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