The Fed’s 50-basis-point rate cut poses risks for retirees
Will inflation stage a comeback?
Will inflation stage a comeback?
The U.S. stock market appears to have “earnings momentum” over the next year, with an S 500 price target of 6,000 in 2024 not much of a stretch from its current level, according to DataTrek Research.
The stock market was calm to start the week, but a wave of speeches from Federal Reserve officials and some key economic data loom. The Nasdaq Composite rose 0.3%. Market participants will want to see signs of resilience.
Yesterday was a big day, folks. The Federal Reserve concluded its Federal Open Market Committee (FOMC) meeting for September, announcing its long-awaited decision on key interest rates. If you haven’t seen the news yet, I won’t keep you in suspense. The Fed cut rates by 0.5%, and it was the first rate cut we’ve had since March 2022. Now, leading up to this meeting, the pressures have been mounting for a rate cut. The reality is that inflation is cooling (which we covered in last Thursday’s Marke
Dow Jones stocks jumped more than 400 points after the Fed cut rates by 50 basis points Wednesday. Nvidia soared past a key level.
“There still are opportunities here,” Erik Aarts at Touchstone Investments said.
With yields on cash poised to fall, consider owning short-term bonds and funds that cover the broad U.S. stock market.
The Fed's first rate cut in four years was a big one. And there's more to come.
Summer spending held up well despite a cooling labor market, suggesting a resilient U.S. consumer heading into the autumn months.
U.S. stock futures were mixed on Monday. The market is gauging what’s to come at the Federal Reserve’s monetary-policy meeting and the potential for a bigger rate cut than previously expected. Dow Jones Industrial Average futures were up 102 points, or 0.3%.