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As widely expected, the Federal Open Market Committee raised target for Fed funds up a quarter-point to 1.5%-1.75%; said it expects to raise rates three times in 2019.
Fed Reserve's decision on interest rate direction scheduled for later today with Powell's first press conference as chair following at 2:30 p.m. ET. Stay tuned.
Some strength in equities looks like it might help the markets open to a modest upside on the heels of the worst day in trading across the board in nearly six weeks.
Fed week dawns with high expectations of a rate hike, but a lot of uncertainty about the overall economic situation. Weak inflation and retail sales data raised questions.
It’s been nearly eight months since the S&P 500 Index (SPX) finished a whole week without recording even a single day of gains, but it has a chance to do that Friday.
Markets enter the session struggling to recover from yesterday’s swoon. The S&P 500 (SPX) has dropped each day this week after last Friday’s jobs-inspired rally.
Wall Street appeared to enjoy positive vibes after Tuesday’s late sell-off. Though trade fears played a role in the plunge, the main factor might have been simple fatigue.
With earnings mostly reported, outside news could impact markets. Investors might want to take cautious approach when volume is low.
Positive sentiment generated by last Friday’s jobs report appeared to roll over into the new week, as stocks turned higher in pre-market trading Monday.
It’s hard to see how the script could have been any better for a Friday party on Wall Street. And the celebration went off just as you might expect.
Job growth rocketed higher in February, climbing by 313,000 and easily outpacing Wall Street analysts’ estimates for growth of around 200,000.
Today feels like a waiting game as investors tap their fingers and ponder what kind of reaction Friday’s non-farm payrolls report might bring.
Markets look poised for early trading falloff, apparently prompted by National Economic Council Director Gary Cohn's departure.
Benchmarks also look to get a boost after headlines surfaced about potential summit between North, South Korea. Is North Korea backing off aggressive military action?
Weekend and early morning rhetoric about tariffs on steel and aluminum plus potential instability in Europe after elections in Italy make headlines
The tariff retorts reverberated Friday throughout the markets, which were subject to another rocky session. Deep dips early in the day gave way to a late upturn as ...