Stock market today: Wall Street drifts after inflation update comes in as expected

NEW YORK — U.S. stocks drifted near their records after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates. The S&P 500 ended little changed Wednesday. The Dow Jones Industrial Average edged up 0.1%, and the Nasdaq composite slipped 0.3%. Treasury yields were mixed after a report said the inflation that U.S. consumers felt last month was exactly as economists expected.

“Bang in-line core inflation leaves the Fed on track to cut rates in December,” according to Lindsay Rosner, head of multi sector fixed income investing at Goldman Sachs Asset Management. The question is what will happen with rates in 2025. Prior forecasts published by the Fed implied it could keep cutting rates through next year. But Donald Trump’s victory in the presidential election may have scrambled such plans. Economists say his preferences for lower tax rates, higher tariffs and less regulation could ultimately lead to higher U.S. government debt and inflation, along with faster economic growth.

“The market may be concerned that we are at an inflection point, with inflation potentially returning to an upward trajectory,” said Scott Wren, senior global market strategist at Wells Fargo Investment Institute. “We see inflation modestly higher next year. We don’t think today’s CPI data will do much to the market.”

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock market today: Wall Street hangs near its records as bank stocks rise, oil tumblesNEW YORK (AP) — U.S. stocks are hanging near their records after several big banks delivered stronger profits for the summer than analysts expected, while the price of crude oil tumbled again. The S&P 500 was up 0.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »

Stock market today: Wall Street drifts around its records as the US economy keeps hummingNEW YORK (AP) — U.S. stocks are drifting around their records Thursday following the latest signals that the U.S. economy continues to hum.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Wall Street ends mixed even as the Dow ekes out another recordNEW YORK (AP) — U.S. stocks ended on a mixed note following the latest signals that the U.S. economy continues to hum. The S&P 500 closed little changed Thursday. The Dow Jones Industrial Average added 0.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »

Stock market today: Wall Street hangs around its record highs as earnings reports come in mixedNEW YORK (AP) — U.S. stocks are hanging around their records after Netflix jumped and CVS Health slid amid mixed reports on profits. The S&P 500 was up 0.2% in early trading Friday and flirting with its all-time high set early this week.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »

Stock market today: Wall Street notches more records and logs its latest winning weekNEW YORK (AP) — U.S. stocks rose to more records and closed out their longest weekly winning streak of the year. The S&P 500 rose 0.4% Friday.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »

Stock market today: Asian markets are mostly higher after another winning close on Wall StreetBANGKOK (AP) — Asian shares have opened mostly higher after U.S. stocks rose to records to close out their latest winning week. U.S. futures and oil prices...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »