US inflation increases moderately; consumer spending boosts Q2 outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/15/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- SanDisk upgraded at JPMorgan after investor day; shares climb
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
No rate cuts by the Federal Reserve until 2025?
April 26, 2024 9:41 AM EDTThe CEO of one of the world's largest independent financial advisory and asset management organizations is warning that there's a legitimate risk of no US interest rate cuts by the Federal Reserve this year.
Nigel Green of deVere Group issued the caution as the Federal Reserve's primary inflation gauge, the core PCE (personal consumption expenditures) price index, rose to 2.7%, exceeding expectations of 2.6%. Core PCE inflation also reached 2.8%, surpassing the anticipated 2.6%.
"This data represents another blow for the Federal Reserve and its battle against inflation," comments the deVere CEO. "The latest reading from the Fed's preferred gauge, PCE,... More
