Hints and tips:
...US stocks closed lower for the third session in a row on Tuesday after Federal Reserve chair Jay Powell warned interest rates are likely to stay at current levels for “longer than expected” to tame inflation...
...Bets of just one cut rose after Powell’s remarks....
...Both indices rose on Wednesday after Powell, in prepared remarks, said it would “likely be appropriate” to cut interest rates “at some point this year” if the economy grows as expected....
...US stocks rose on Wednesday afternoon after Federal Reserve chair Jay Powell toed a careful line in his semi-annual testimony to Congress, saying he did not expect the central bank to increase interest rates...
...US stocks rose on Wednesday afternoon after Federal Reserve chair Jay Powell said he did not expect the central bank to increase interest rates again, but said there was more progress that needed to be made...
...Ten-year German Bund yields, the benchmark for the eurozone, rose 0.05 percentage points to 2.28 per cent....
...But the dip reflected an upwards revision for January, when prices rose more quickly than previously thought....
...Government bond prices rose as yields fell. Watching from the White House, Biden administration officials would have cheered, too....
...Headline personal consumption expenditures inflation, the measure the Fed targets, rose 2.4 per cent in the year to January, down from 2.6 per cent in December....
...The S&P 500 rose about 15 per cent in the four months to April. But stocks have started falling as the updated rate narrative has burst traders’ bubbles....
...In the latest March 2024 CPI report, shelter inflation rose 0.42 per cent, in line with where it’s been since March 2023....
...Fed watchers read through the jargon: a punishing period in which borrowing costs rose by 525 basis points in just 18 months is as good as officially over....
...US stocks dipped and long-dated Treasury yields rose on Thursday, even as Federal Reserve chair Jay Powell signalled the central bank was unlikely to raise interest rates again in November....
...US stocks rose sharply at the beginning of Powell’s speech, with the benchmark S&P 500 0.5 per cent higher in lunchtime trade....
...Tomorrow’s Fed announcement will be all about chair Jay Powell’s press conference, he added: “The Street really wants to hear about the potential for cuts.”...
...US stocks rose as traders assessed softening activity in the US services sector and cooler than expected inflation in the Eurozone....
...Equities surged after Fed chair Jay Powell’s speech, with the benchmark index finishing 0.9 per cent higher....
...Equities in Asia broadly rose on Friday after comments from Federal Reserve chair Jay Powell boosted confidence of forthcoming rate cuts from the US central bank....
...Fed chair Jay Powell’s press conference will be the focus for investors, he added. “The Street really wants to hear about the potential for [interest rate] cuts.”...
...Read more on Powell’s remarks and the latest timing of any rate cut. More reaction to Powell’s comments: European stock markets had their worst day for nine months following Powell’s remarks. 3....
...The Nasdaq Composite rose 1.5 per cent but just missed setting a new peak close. Among tech stocks, Meta, Coinbase, and Nvidia finished at record highs....
...South Korea’s Kospi rose 0.7 per cent and Hong Kong’s Hang Seng index edged down 0.1 per cent. Mainland China’s CSI 300 dropped 0.5 per cent....
International Edition