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After a busy year, the Federal Reserve is set to begin a long vacation today. The central bank is expected to leave interest rates unchanged, following a trio of cuts since the summer. Going forward, markets see them going nowhere well into next year. The official...
U.S. employment has been solid as a rock for years. But now some worries are starting to emerge. "The job market is losing its shine," Mark Zandi of Moody's Analytics said yesterday after private-sector payroll growth missed estimates by a mile. "Openings are...
Will housing stocks continue their epic run? The next few sessions may answer that question. Statisticians at the Commerce Department release the industry's most important numbers at 8:30 a.m. ET today: housing starts and building permits. Both have been pushing their...
Today's one of the biggest sessions of the year, with a Federal Reserve meeting and major technology earnings. Just to get started, here's a blow-by-blow sequence of what traders can expect on Wednesday, October 30. All times eastern standard: In the premarket: 7 a.m....
The yield curve flattened over the summer as fear swept the market. But now as it goes the other way, sentiment may improve in major banking stocks. The yield curve is the relationship between the two-year and 10-year Treasury notes. People buy 10-year notes when...
Key employment data is due this morning, but the bigger story may be Jerome Powell in the afternoon. The Federal Reserve chairman is scheduled to deliver a speech at 2 p.m. ET today. The venue is an event called "Fed Listens: Perspectives on Maximum Employment and...
The Federal Reserve took a hawkish turn yesterday, thanks to an improving U.S. consumer. "Household spending has been rising at a strong pace," the central bank declared in its policy statement yesterday. It then proceeded to raise its 2019 growth forecast to 2.2...
The Federal Reserve's expected to cut interest rates today, but next month's the real question. Will the central bank follow with a second rate cut on October 30? If you asked CME's FedWatch tool in mid-August, odds were at least two-thirds in favor. But they've...
The U.S. consumer keeps roaring ahead, even as investors worry about President Trump's trade war against China. Consumer spending rose 4.7 percent between April and June, according to the Commerce Department's gross domestic product (GDP). That was not only a big...
Last week, low interest rates freaked out investors. Now they're helping boost an important part of the U.S. economy: housing. The iShares U.S. Home Construction ETF (ITB) has climbed 4 percent so far this week -- more than triple the gain of the broader S&P 500....