Stocks sink as whiff of stagflation spooks investors
U.S. stocks were sinking fast on Friday, with the S&P 500 down 1.5% in recent trade. Wall Street professionals largely laid the blame on Friday's PCE data for February. Brian Mulberry, client ...
Dow heads for worst day in nearly 3 weeks
A brutal quarter for stocks was getting much worse on Friday, with the blue-chip Dow Jones Industrial Average headed for its worst day since March 10, according to FactSet data. "I think right now the ...
Small-cap stocks deepen March loss in an ugly first quarter
Small-cap stocks in the U.S. were under sharp selling pressure on Friday afternoon, deepening their monthly loss amid fears over slowing economic growth. The Russell 2000, a small-cap-focused U.S.
Consumer spending rebounds - but for how long?
Americans increased spending in February, but they've shown more caution early in the new year as they digest a series of major changes in Washington under the Trump administration. Consumer spending ...
Gold hits another record. Analyst says it's boosted by momentum and trade war.
Gold futures reached a new record high on Friday and recently was up 0.7% to $3,081.50 an ounce. Analysts at Saxo Bank said gold is "supported by momentum and continued demand from investors seeking ...
Dow opens lower after PCE report adds to slowdown fears
U.S. stocks opened lower on Friday, with major indexes struggling to eke out another weekly advance following the latest reading on consumer spending and inflation. The PCE report for February was ...
Traders lean into likelihood of three or more Fed rate cuts in 2025 amid growth fears
Fed-funds futures traders have lifted the likelihood that at least three interest-rate cuts from the Federal Reserve will be needed before year-end amid greater focus on the risks of slowing U.S.
PCE shows U.S. inflation is still elevated. Tariffs could add to the problem.
Inflation rose at an uncomfortable rate in February for the third month in a row, with the potential of further upward pressure on prices from tariffs being put in place by the Trump White House. The ...
Treasury yields end at lowest levels in a week or more amid growth worries
Friday's rally in U.S. government debt drove Treasury yields to their lowest levels in at least a week as growth fears dominated the session. The 2-year yield fell 8.9 basis points to 3.909%, or the ...
Restrictive rates may show that the Fed is nervous about tariff inflation, strategist says
Today's personal consumption expenditures report showed that inflation remained just below 3% year over year. While this is above the Fed's 2% target, it's not out of the ordinary to see inflation at ...
Oil settles higher for the week as ‘whirlwind’ U.S. tariff policy creates uncertainty
Oil futures on Friday ended higher for the week, with the possibility that Venezuelan and, especially, Iranian exports will decline due to sanctions being the dominant factors — and bullish ones at ...
Former Fed official Bullard says rate cuts may be delayed until 2026
The hotter-than-expected reading of core PCE inflation could keep the Federal Reserve from making further rate cuts this year, former St. Louis Fed President James Bullard said on Friday. "I still ...