Stocks rise as investors look to coming inflation, jobs data: Stock market news today
Wall Street is focused on upcoming inflation and jobs data, looking past Fed Chair Jerome Powell's cautious message and anticipating potential interest rate hikes.
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Posted 8/28/2023, 8:03:28 PM
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Global stock markets and Wall Street futures are rising as traders await signals on interest rate plans from the Federal Reserve conference, with investors hoping that the Fed officials will signal an end to interest rate hikes despite concerns about inflation not being fully under control yet.
Fed Chair Jerome Powell's speech and eurozone sentiment data releases will be in focus next week, while policymakers in the UK will be looking for inflation clues in the PMI releases.
The market is focused on the Jackson Hole Symposium for any policy changes from Fed Chair Jerome Powell, with investors eager to know if higher rates for longer are necessary. The market reaction will depend on Powell's message regarding rate hikes and cuts.
Federal Reserve Chairman Jerome Powell will likely provide updates on the central bank's stance on interest rates in the US during the Jackson Hole meeting, although an announcement regarding the end of interest rate hikes is less likely due to positive economic data and the potential risk of triggering another crisis.
Wall Street slightly increased ahead of Federal Reserve Chair Jerome Powell's upcoming speech, with futures for the Dow and S&P 500 rising 0.2%; traders hope Powell will indicate that the Fed is done raising interest rates and may cut them next year.
Wall Street's major averages rebounded with growth in communication services and technology sectors, while Treasury yields sank as a recent bond sell-off eased; traders are now waiting for Nvidia's quarterly results to gauge the AI market, and investors are hopeful for potential interest rate policy clues from the upcoming Jackson Hole Symposium.
Wall Street is cautious ahead of Federal Reserve Chairman Jerome Powell's Jackson Hole speech, with stock futures remaining flat.
Federal Reserve Chair Jerome Powell's keynote speech at the Jackson Hole symposium will be closely watched for clues about the Fed's future actions on inflation, with expectations that Powell may leave the door open for another rate hike and express concerns about inflation not falling fast enough.
Two officials at the Federal Reserve have expressed differing views on whether or not the central bank should raise its benchmark interest rate again to combat inflation, highlighting the uncertainty surrounding future rate hikes, with more clarity expected from Federal Reserve Chair Jerome Powell's upcoming speech at a Fed conference in Jackson Hole.
As Jerome Powell, the chair of the U.S Federal Reserve, prepares to speak at the Jackson Hole symposium, the big question is whether he will signal a major shift in how central banks deal with inflation, particularly regarding interest rates and inflation targets. Some economists are suggesting moving the inflation target range from 2-3 percent, while others argue for higher targets to give central banks more flexibility in combating recession. The debate highlights the challenges of setting and changing formal inflation targets and the ongoing changes in the factors that drive growth and inflation.
Wall Street is expected to open higher as investors await a speech from Federal Reserve Chair Jerome Powell, with weaker-than-expected economic reports potentially being more welcome in financial markets.
Wall Street closed on a positive note as investors reacted to Fed Chair Jerome Powell's statement that the central bank is prepared to raise rates further, resulting in a slightly optimistic middle ground on the market.
Traders interpret Federal Reserve Chairman Jerome Powell's speech as an indication that the Fed will continue to raise interest rates and that the US economy remains strong.
Stocks rise as Wall Street achieves its first winning week since July after Federal Reserve Chair Jerome Powell states that the Fed will proceed cautiously with interest rates.
Federal Reserve Chair Jerome Powell warned that inflation and economic growth remain too high and interest rates may continue to rise and remain restrictive for longer, while U.S. stocks rebounded and European markets closed slightly higher. Meanwhile, U.S. Trade Representative Katherine Tai highlighted China's dominance in rare earth metals and the vulnerability of U.S. supply chains. Grocery delivery company Instacart filed paperwork for an IPO, and upcoming PCE and jobs data will provide insights into the Fed's rate decisions. Powell's ambiguous remarks at the Jackson Hole symposium led markets to focus on the prospect of a stronger economy rather than interest rate warnings.
Wall Street rises as investors await key inflation and jobs data, with gains in 3M and Goldman Sachs.
Wall Street is calm ahead of key economic reports that could provide insight into the job market, inflation, and potential interest rate changes by the Federal Reserve, while consumer confidence and job opening reports are expected to remain strong in August.
Wall Street's main indexes rise as drop in job openings and decrease in consumer confidence fuel hopes of a pause in interest rate hikes by the Federal Reserve.
Equity markets are higher as investors consider macro data, with Wall Street experiencing a rally fueled by optimism about interest rates and job openings.
Wall Street is experiencing small gains and losses as investors await economic news, including an inflation indicator and more jobs data; markets rallied after consumer confidence dropped in August and job openings fell, potentially reducing inflation and deterring the Fed from raising interest rates.
Wall Street rises ahead of new inflation and jobs data that could impact Federal Reserve's policy decisions, as futures for the Dow Jones and S&P 500 increase, while Dollar General falls 16% and software company Salesforce rallies 6% in premarket.
Wall Street stocks opened higher as new data showed easing inflation, boosting the Dow Jones and S&P 500, with investors taking heart from signs of a soft landing for the US economy.
U.S. stock futures rise ahead of inflation and jobs data, with the key jobs report on Friday being the main focus for investors as they assess the possibility of interest rate changes.
Wall Street extends rally and dollar rebounds on the last trading day of August as inflation data suggests the Federal Reserve will pause on interest rate hikes.
Wall Street ended a challenging August on a mixed note, with the Dow Jones down 0.5%, the S&P 500 losing 0.16%, and the Nasdaq gaining 0.11%, resulting in the worst monthly performance since earlier this year; however, signs of a soft landing for the US economy and lower jobless claims have sparked hopes that the Fed may ease off on interest rate hikes at its upcoming meeting.
Wall Street started the month of September on a high note after a rocky August, with Dow futures up by 127 points, S&P futures 0.3% higher, and Nasdaq futures up by about 0.15%, as investors await Friday's crucial jobs report which is expected to show that the labor market will stay in a sweet spot.
Wall Street banks are revising their outlooks for Turkish interest rates as inflation rises faster than expected, with JPMorgan, Morgan Stanley, and Bank of America suggesting that borrowing costs may need to rise higher or quicker in response to the surge in price growth.
Wall Street strategists are cautiously optimistic that investors can find returns through the rest of the year and beyond, despite the recent rough month for stock markets, with valuations looking less stretched and opportunities in strong balance sheet tech.
U.S. stock investors are closely watching next week's inflation data, as it could determine the future of the current equity rally, which has been fluctuating recently due to concerns over the Federal Reserve's interest rate hikes and inflationary pressures.
Uncertainty in various sectors, including potential strikes, government shutdowns, geopolitical tensions, and the question of future Federal Reserve interest rate hikes, is causing markets to lack conviction, but this week's inflation readings could provide direction for the markets. If inflation comes in below expectations, it may signal that the Fed will not hike rates further, while stronger-than-expected inflation could lead to more rate hikes and market volatility. Additionally, increasing energy prices and the potential strike by the United Auto Workers union add to the uncertainty.
Wall Street stocks set for higher open as August inflation suggests the Federal Reserve won't raise interest rates, while Arm's IPO and oil prices remain in focus.
The Federal Reserve's upcoming meeting will focus on the central bank's expectations for key indicators such as interest rates, GDP, inflation, and unemployment, while many economists believe that the Fed may signal a pause in its rate-hiking cycle but maintain the possibility of future rate increases.
Wall Street fears that the Federal Reserve will push out the timing for rate cuts next year, sparking concerns of a hawkish pause and increasing selling pressure, despite a trend of rapid disinflation and the potential for a higher neutral interest rate.
Stock futures were calm as Wall Street prepared for the Federal Reserve's interest rate decision and economic update, with traders awaiting clues about future monetary policy.
Wall Street is closely monitoring the Fed and Jay Powell's speech, with rising oil prices being a concern, but the general sentiment remains positive for the tech sector, as evidenced by the success of top-ranked Zacks stocks in the tech sector, including AppLovin, Vertiv Holdings, and ePlus Inc.