Interest Rates

Wall Street analysts are rethinking their interest rate forecasts after December's unexpectedly strong jobs report shattered previous expectations for a slowing labor market, raising questions about the Federal Reserve's next move. In a note shared Monday, Goldman Sachs economist David Mericle...

The December jobs report upended market expectations, forcing top Wall Street investment banks to abandon their forecast for further interest rate cuts in 2025. A labor market exceeding even the most optimistic estimates has traders now bracing for the unthinkable: the return of interest rate hikes...

The U.S. economy closed 2024 with a robust jobs report, adding 256,000 payrolls in December, far exceeding expectations. Despite the strong showing, economists are cautious, citing the continued inflationary pressures that may deter the Federal Reserve from cutting rates anytime soon. A Resilient...

The December jobs report jolted financial markets during early Friday trading. Stronger-than-expected employment growth and a drop in the unemployment rate to 4.1% raised fears the Federal Reserve may hold off on cutting interest rates for most of 2025. December Jobs Report Fuels Fed Hawkishness:...

The labor market ended 2024 on a strong note, adding 256,000 jobs in December, exceeding economist forecasts and showcasing once again the resilience of the U.S. economy. Nonfarm payrolls rose by 256,000 last month, up from the downwardly revised 212,000 in November and sharply surpassing...

Unease about inflation's persistence and potential policy shifts under a new White House administration dominated the Federal Reserve's December meeting, leaving policymakers divided on the pace of future rate adjustments. Minutes from the Dec. 18 Federal Reserve meeting that were released...

Investors dumped a popular long-dated Treasury ETF at a record pace in December, fleeing the bond market as surging yields and fiscal uncertainty cast a shadow ahead of President-elect Donald Trump's return to the White House. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT), the largest...

The new year brought little cheer for prospective U.S. homebuyers, as mortgage rates surged to their highest level in six months. The average interest rate on 30-year fixed-rate mortgages with conforming loan balances of $766,550 or less climbed to 6.97% in the week ending Dec. 27, 2024, up from 6...

President Jimmy Carter, who died at his home on Sunday at age 100, brought a political outsider status to Washington, D.C. during a period of immense distrust in government. There was the Watergate scandal, high inflation, mass protests due to the Vietnam War, high government spending and loose...

Bankruptcy Block Party City Holdco Inc., the one-stop-shop for all things celebration, is calling it a wrap. The company’s 700 stores are holding going-out-of-business sales. This is the second time Party City filed for Chapter 11 bankruptcy protection in two years. In 2023, a restructuring...

It's the holiday season, but the stock market's festivities have been anything but cheerful this week. At the week’s start traders were buoyed by a record-breaking Nasdaq 100 topping 22,000 and an optimistic outlook on interest rate cuts ahead of the Federal Reserve meeting. All signs pointed...

The Federal Reserve’s key inflation measure came in below expectations for November, delivering welcome relief Friday to markets after the central bank warned earlier this week of mounting price pressures heading into the new year. The Personal Consumption Expenditures price index grew by 2.4...

If markets hope to recover from the sharp sell-off triggered by the Federal Reserve’s December meeting, Friday's release of the Personal Consumption Expenditure price index — widely regarded as the Fed’s preferred inflation measure — will play a crucial role. Unfortunately for...

President-elect Donald Trump stirred the pot on Thursday by advocating for the outright removal of the U.S. debt ceiling, a move that sent shockwaves through the bond market and tempered Wall Street gains. Trump's remarks came as Congress scrambled to pass a funding bill to avoid a government...

Federal Reserve Chair Jerome Powell adopted a hawkish stance during his Wednesday press conference after the December Fed meeting, sparking a market bloodbath as the New York session headed to the close. Although the Federal Reserve lowered interest rates by 0.25% to a range of 4.25%-4.5%, as...