US EditionUS Stocks Tick Higher as Wall Street Waits for a Speech on Interest Rates
Investors await Federal Reserve Chair Jerome Powell's speech amid a 75% chance of interest rate cuts at the September meeting, reflecting concerns over economic growth and inflation.
- On Thursday, U.S. stock indexes edged lower as Wall Street made final moves before Federal Reserve Chair Jerome Powell's Friday speech, with the S&P 500 down five days and traders scaling back hopes for near-term Fed cuts.
- Amid tariff-driven price pressure and a weak jobs report earlier this month, Federal Reserve officials hesitate to cut rates fearing inflation above 3%, complicating the outlook.
- Coty shares plunged 19.4% after the beauty products company reported a quarterly loss, citing retailer caution amid tariff and economic uncertainty, while Walmart, the Bentonville, Arkansas retailer, weighed on the market following its profit report.
- Traders are betting on a three-in-four chance of a rate cut at the Fed's next meeting, with Wall Street hoping Powell will hint at easier policy soon, despite inflation risks.
- Powell's Jackson Hole speech comes at a high-stakes moment for policy as the Federal Reserve's next meeting is less than a month away, with President Donald Trump having pushed for rate cuts amid inflation concerns.
34 Articles
34 Articles
Wall Street rallies on hopes for lower interest rates
Wall Street is rallying after the head of the Federal Reserve indicated cuts to interest rates may be coming in a highly anticipated speech, though he gave no clear clue about when. The S&P 500 jumped 1.3% Friday and erased…
US stocks tick higher as Wall Street waits for a speech on interest rates
Wall Street is holding relatively steady ahead of a highly anticipated speech about where U.S. interest rates may be heading. The S&P 500 rose 0.3% early Friday, coming off its fifth straight loss. The Dow Jones Industrial Average was up 253 points, and the Nasdaq composite was up 0.1%. Treasury yields eased a bit in the bond market as the countdown dwindles to a speech coming from the chair of the Federal Reserve at an annual symposium for cent…
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Wall Street edges lower in its final moves ahead of a speech by the Federal Reserve’s head
By STAN CHOE, Associated Press Business Writer NEW YORK (AP) — U.S. stock indexes are edging lower on Thursday as Wall Street makes its final moves before the head of the Federal Reserve gives a highly anticipated speech on Friday that could hint at where interest rates are going. The S&P 500 dipped 0.2% following four straight modest loss since it set an all-time high last week. The Dow Jones Industrial Average was down 101 points, or 0.2%, as …
Wall Street edges lower in its final moves ahead of a speech by the Federal Reserve's head
U.S. stock indexes are edging lower. The S&P 500 dipped 0.2% Thursday and was on track for a fifth straight modest loss. The Dow Jones Industrial Average fell 101 points, and the Nasdaq composite slipped 0.1%. Walmart weighed on the…
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