US EditionWall Street Quietly Closes Record Week
UNITED STATES FINANCIAL MARKETS, JUL 18 – Federal Reserve officials signal a likely September interest rate cut amid inflation concerns with Treasury yields falling to 3.87%, according to CME Group data.
- Wall Street traders pulled back near-term Fed cut expectations on Friday despite weekly gains, according to CME Group data.
- Amid forecasts of 4.4% inflation, traders are trimming hopes for imminent rate cuts, according to University of Michigan survey, as lower rates and tariffs may push prices higher.
- The Dow Jones industrial average dipped to 44,342.19 and Netflix shares slid 5.1% despite a stronger-than-expected profit report.
- Fed Governor Chris Waller said `The Fed should cut its overnight interest rate as soon as its next meeting in a couple weeks`, while two-year Treasury yields dropped on softer rate cut bets.
- Overall consumer sentiment stayed below historical averages, and Joanne Hsu warned `Consumers are unlikely to regain their confidence in the economy unless they feel assured that inflation is unlikely to worsen`.
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17 Articles
The Columbian+6 Reposted by 6 other sources
Wall Street closes a record-breaking week with a quiet finish
NEW YORK (AP) — Wall Street closed its third winning week in the last four with a quiet finish on Friday. Read more...
·Vancouver, United States
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The Paris Stock Exchange is taking advantage of the Wall Street record on Friday 18 July, carried by reassuring US economic data. The CAC 40 grabs 0.58%, despite fears about inflation and a possible postponement of the Fed's rate decline.
Coverage Details
Total News Sources17
Leaning Left3Leaning Right5Center6Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 21%
C 43%
R 36%
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