SPXW240815C4880000
- 573.40
- 0.000.00%
S&P 500 Index Newsroom
US CPI is finally below 3% for the first time in three years. It's time to worry about other things.
Risks of housing inflation remain, signs of soaring oil prices may bring huge impact, and Fumio Kishida's withdrawal from the election exacerbates economic uncertainty.
US Inflation Eases for Fourth Straight Month
"Anti-inflation task completed"! Experts call for the Fed to cut interest rates: rental normalization has begun.
Economists say a key indicator shows that prices are returning to normal levels.
Dollar Trades Steady After Brief Fall on Inflation Data -- Market Talk
Soros' Q3 position: significantly increased shareholding in Astrazeneca (AZN.US), newly established position in S&P 500 index ETF (SPY.US).
Financial tycoon Soros's fund, Soros Fund Management, submitted the second quarter holdings report (Form 13F) as of June 30, 2024.
Fed committee member 'loosens lips': 'holds an open attitude' towards rate cut in September, can't risk relaxing policy too late
FOMC voter and President of Atlanta Federal Reserve, Bostic, stated that action must be taken as soon as possible considering the continuing cooling of the labor market and the lagging of central bank policy. It is worth noting that just the day before this statement, Bostic reaffirmed his position of rate cuts at the end of the year.
FTSE 100 Seen Opening Higher as Inflation Data Fuels Rate-Cut Bets -- Market Talk
The market in a rush and the cool CPI.
Something that is already within expectations may no longer be the key. With inflation steadily entering a downward trend, the market's focus may gradually shift to the basis for the Federal Reserve's assessment of the economic situation.
Reading Into US' July CPI Data
US Stock Futures Tick Higher After Softer-than-expected CPI Data
Dollar Soft as Ebbing US Inflation Sets the Stage for Rate Cuts
Will July Retail Sales Confirm a Soft Landing -- or Fuel Recession Fears?
What Latest Inflation Data Says About How Much the Fed Will Cut Interest Rates
8/15 [Strength and Weakness of Materials]
-
Stocks Rise as CPI 'Checks the Box' for Fed Cut
How does Wall Street view CPI? The increase in housing inflation will not hinder the trend of interest rate cuts, and traders are betting on a 25 basis point rate cut in September.
Wall Street analysts have indicated that the July CPI data may further pave the way for the Fed to lower interest rates by 25 basis points in September. Next, the Fed will focus on the labor market. If employment weakens, a larger cut of 50 basis points may be needed. Some analysts have said that although housing inflation has ceased its downward trend, it is not a major concern.
Wall Street Breakfast FM-Radio | August 15, 2024.
In July, the inflation rate of the USA's CPI decreased for the fourth consecutive month, and the core CPI hit a new low for more than three years, consolidating market expectations for the Fed to cut interest rates in September. However, because the CPI is basically as expected and housing inflation is heating up, traders have reduced their bets on a sharp 50 basis point rate cut in September.
"New American Union News Agency": The way for interest rate cuts in September has been paved, and the focus is on the scale of interest rate cuts.
Timiraos said that a rate cut is almost inevitable and the focus of the September meeting will shift to whether the rate cut decision is unanimous and whether it will be a 25 or 50 basis point cut. The reason why the size of the rate cut may become a topic of discussion is because the recent US labor market has shown signs of potential weakness. Therefore, even if the inflation data is not as moderate as the Fed expected, the reason for the rate cut in September has become more justifiable. He believes that moderate inflation data may make it more likely for there to be three rate cuts this year.
Overnight US stocks | CPI returns to "2 levels", S&P 500 index has risen for the fifth consecutive trading day.
At the close of trading, the Dow rose 242.75 points or 0.61% to 40,008.39; the Nasdaq rose 4.99 points or 0.03% to 17,192.60; the S&P 500 index rose 20.78 points or 0.38% to 5,455.21.
How Shelter Inflation Could Create a Bigger Headache for the Fed