STOCK MARKET TODAY:The S&P 500 slides for the fourth straight day and reaches its lowest level since October 21Market sentiment remains cautious after the Federal Reserve signaled it may take the terminal rate...
ISM SERVICES PMI KEY POINTS:ISM services PMI falls to 54.4 in October from 56.7 in the previous month, disappointing expectations calling for a more modest pullback to 55.5Survey’s results suggest the U.S. economy...
NOVEMBER FOMC DECISION KEY POINTSThe Fed raises its benchmark interest rate by three-quarters of a percentage point to 3.75%-4.00%, in line with expectationsThe FOMC statement alters forward-guidance to note that it will take...
STOCK MARKET KEY POINTS:The S&P 500 and Nasdaq 100 decline for the second day in a row amid rising U.S. Treasury ratesYields move higher on better-than-expected U.S. economic dataAll eyes are now on...
GOLD PRICE OUTLOOK: SLIGHTLY BULLISHGold prices declined this week, but the Fed could spark a bullish reversal soonThe FOMC is expected to raise interest rates by 75 basis points at its November meeting,...
US PCE REPORT KEY POINTS:September U.S. consumer spending advances 0.6% on a monthly basis, versus 0.4% expectedCore PCE, the Fed’s favorite inflation gauge, climbs 0.5% month-over-month, pushing the annual rate to 5.1% from...
