Prominent economist Mohamed El-Erian cautioned that President Donald Trump?s second-term economic initiatives could face significant challenges from persistent inflation and widening global growth disparities.
A flurry of new data is in and the housing market is flashing mixed signals from builders, buyers and analysts. The Data: The Census Bureau and the Department of Housing and Urban Development December housing data released Friday was mixed with housing starts beating expectations while housing completions declined.
U.S.-listed Chinese stocks including?Alibaba Group Holding,?Baidu, Inc,?JD.com, Inc (JD) ,?PDD Holdings Inc ,?NIO Inc ,?Li Auto Inc (LI) , and?XPeng Inc (XPEV) gained on Friday in sympathy with acceleration of China?s economic activity beating expectations for the last quarter of 2024 as stimulus measures kicked in. China?s gross domestic product expanded by?5.4% in the fourth quarter, beating Reut...
Mastercard Inc (MA) stock is trading higher by 4.7% to $524.98 this week following the release of December inflation data, as signs of cooling underlying price pressures raised hopes of Federal Reserve rate cuts in 2025. What To Know: Core inflation increased slightly below expectations, reinforcing optimism that tighter monetary policy may ease sooner than anticipated.
To gain an edge, this is what you need to know today. An enlarged chart of SPDR S&P 500 ETF Trust (SPY) which represents the benchmark stock market index S&P 500. Note the following: Apple?s iPhones are on the decline in China. Housing starts remain strong as builders subsidize mortgage rates.
Visa Inc (V) shares are trading higher by 4.2% to $317.92 this week following the release of December?s inflation data, as cooling price pressures bolstered hopes of Federal Reserve rate cuts later in 2025. What To Know: Core inflation's modest increase, coming in below expectations, may reinforce the view that aggressive monetary tightening is waning.
In what could be interpreted as another optimistic signal for cryptocurrencies, Scott Bessent, President-elect Donald Trump?s nominee for Treasury Secretary, argued against the concept of?a central bank digital?currency in the U.S. on Thursday. What Happened: Bessent was taking questions from members of the Senate Finance Committee for confirmation to the Treasury Department.
The World Bank's Global Economic Prospects report, released Thursday, highlights a fragile outlook as inflation, trade disruptions, geopolitical tensions and policy uncertainty weigh on momentum. The global economy is expected to stay stuck at 2.7% growth in 2025-?26, a pace too weak to drive real economic progress.
President-elect Donald Trump?announced plans Thursday to nominate private equity CEO Bill Pulte as director of the Federal Housing Finance Agency. What To Know: If Trump?s selection is confirmed, Pulte will become the top housing regulator, overseeing mortgage giants Fannie Mae and Freddie Mac , which have been in conservatorship since the 2008 financial crisis.
U.S. retail sales edged higher in December, showing that consumers kept spending through the holiday season, but the increase wasn't as strong as economists had hoped. Retail and food services sales rose 0.4% last month, decelerating from upwardly revised 0.8% growth in November, according to advanced estimates from the U.S. Census Bureau released Thursday.
Amid rising concerns about a potential ?death spiral? in the U.S. Treasury market, major international investors remain unfazed. What Happened: European money managers, Australian pension funds, and Japanese insurers are still favoring U.S. Treasuries, attracted by their yield premiums compared to other markets.
The CNN Money Fear and Greed index remained in the ?Fear? zone on Wednesday. U.S. stocks settled higher on Wednesday, with all three major indices recording their best day since Nov. 6. On the economic data front, the headline Consumer Price Index rose 2.9% year-over-year in December, up from November?s 2.7%, matching economist forecasts.
Economic activity expanded slightly to moderately across the Federal Reserve?s 12 districts during late November and December, yet concerns over looming changes to U.S. immigration and tariff policies cast a shadow on the future, according to the Fed Beige Book released Wednesday.
Palo Alto Networks, Inc. (PANW) shares are trading higher on Wednesday. In fact, shares of software companies are trading higher amid overall market strength after CPI data was in line with estimates and core CPI rose by less than expected.
Bitcoin? mining stocks?MARA Holdings?Inc?,?Riot Platforms?Inc??and CleanSpark?Inc? are trading higher Wednesday following softer-than-expected Consumer Price Index data. What To Know:?Bitcoin is surging following core CPI data that came in below expectations. Broader markets are rallying on the heels of the inflation data and crypto names are getting an extra lift from a rise in Bitcoin prices.
Consumer inflation eased slightly in December, with core CPI coming in at 3.2% on a year-over-year basis, below the 3.3% estimate. Headline CPI rose 2.9% year-over-year, in-line with expectations.
Consumer inflation surged for the third straight month in December, rekindling concerns that the months-long cooling of price pressures could be over and casting doubt on the Federal Reserve?s ability to steer inflation toward its 2% target. The headline Consumer Price Index rose 2.9% year-over-year in December, according to Wednesday?s data from the Bureau of Labor Statistics.
Financial analysts are bracing for a potentially volatile week as markets grapple with inflationary concerns and the looming inauguration of Donald Trump.. A preview of the December Consumer Price Index suggests persistently elevated inflation, despite a recent dip in the Producer Price Index, raising fears among investors and impacting bond yields and equity markets.
The U.S. bond market is sending significant signals to Wall Street and Washington as Treasury yields approach levels not seen in nearly two decades, potentially complicating the incoming president-elect Donald Trump administration?s economic agenda. What Happened: The yield on the 10-year Treasury has surged more than 1% since September, nearing the psychologically important 5% threshold.
The CNN Money Fear and Greed index remained in the ?Fear? zone on Tuesday. U.S. stocks settled mixed on Tuesday, with the Dow Jones index surging more than 200 points during the session following the release of PPI data. Big Tech shares fell on Tuesday, weighing on the Nasdaq index. Investors are now awaiting the consumer price index report, due to be released today.
Investors are buzzing with speculation about the Federal Reserve possibly raising interest rates in 2025. What Happened: While the likelihood of a rate hike remains at zero?according to CME Group's FedWatch,?the topic is gaining traction among investors.
To gain an edge, this is what you need to know today. An enlarged chart of SPDR S&P 500 ETF Trust (SPY) which represents the benchmark stock market index S&P 500. Note the following: In the early trade, money flows are positive in Amazon.com, Inc., Alphabet Inc Class C, NVIDIA Corp, and TSLA.
The allure of 5% yields is driving investor inflows into long-dated Treasury ETFs, even as persistent bond market losses and rising macro uncertainties complicate the interest-rate outlook. Last week, iShares 20+ Year Treasury Bond ETF saw a staggering $1.5 billion in inflows, as etfdb.com data shows.
Wednesday?s release of the December Consumer Price Index will provide fresh insights into inflation's trajectory, potentially influencing the Federal Reserve?s policy stance amid mounting uncertainty over interest rates.
Producer prices rose less than anticipated in December, offering a potential reprieve for the Federal Reserve as it aims to bring inflation under control without derailing economic growth. The data, released by the Bureau of Labor Statistics on Tuesday, showed the Producer Price Index rising 3.3% year-over-year, up from November's 3% but below forecasts of a 3.4% increase.
Mortgage rates last week reached their highest levels since July 2024 with the average 30-year fixed mortgage rate staying above 7%, according to Bankrate. The Details: Mortgage rates have climbed higher following recent economic data which has dampened Wall Street's expectations for the Federal Reserve to cut rates in the near future and caused 10-year Treasury yields to surge.
Market volatility is primed to intensify this week as traders await December's Producer Price Index data on Tuesday. With Wall Street's expectations for interest rate cuts hanging by a thread, stronger-than-expected inflation data could amplify concerns about the Federal Reserve's monetary policy trajectory. The PPI measures input price changes faced by producers.
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As U.S. Treasury yields approach the psychological 5% mark which it last saw briefly in 2023 and during the global financial crisis in 2008, analysts seem less concerned, calling this yield convulsion an overreaction. What Happened: The U.S. 30-year Treasury yielded 4.95% by the end of the trading session on Friday, however, it touched a high of 5.005% intraday.
Bitcoin?s levered play MicroStrategy Inc (MSTR) could face the risk of redemption on its 0% convertible debt upon the occurrence of unforeseen events breaching the covenants governing these notes despite the bonds being an unsecured, senior obligation.
Wall Street?s positive outlook for 2025 has been disrupted by a robust jobs report. What Happened: Traders have interpreted the rising strength of the U.S. labor market negatively. The jobs report, which indicated a boost in payrolls and a drop in unemployment, has raised alarm among those who were counting on more stimulus from?Jerome Powell?s Federal Reserve, reports Bloomberg.
The U.S. economy closed 2024 with a robust jobs report, adding 256,000 payrolls in December, far exceeding expectations. Despite the strong showing, economists are cautious, citing the continued inflationary pressures that may deter the Federal Reserve from cutting rates anytime soon. The nonfarm payrolls increase, up from November's 212,000, marked the strongest growth since March.
U.S. stocks traded lower this morning, with the Dow Jones index falling around 500 points on Friday. The Dow traded down 1.18% to 42,130.51 while the NASDAQ dipped 1.54% to 19,178.72. The S&P 500 also fell, dropping, 1.26% to 5,843.63. Check This Out: How To Earn $500 A Month From Synovus Financial Stock Ahead Of Q4 Earnings Leading and Lagging SectorsEnergy shares rose by 0.6% on Friday.
The labor market ended 2024 on a strong note, adding 256,000 jobs in December, exceeding economist forecasts and showcasing once again the resilience of the U.S. economy. Nonfarm payrolls rose by 256,000 last month, up from the downwardly revised 212,000 in November and sharply surpassing economist expectations of 160,000 payrolls as tracked by TradingEconomics.
Ivory Hill Wealth founder Kurt S. Altrichter predicts three possible scenarios how markets could react following today?s unemployment data report. What Happened: In a thread posted on X on Jan. 8, Altrichter outlined three potential scenarios: These vastly different outcomes highlight the significant volatility expected in response to the upcoming data release.
Robinhood Markets Inc (HOOD) slipped 0.6% in Wednesday?s after-hours session following a volatile trading day. What To Know: The ADP National Employment Report showed private employers added just 122,000 jobs in December, missing expectations and highlighting a slowdown in key sectors like manufacturing and trade.
The Federal Reserve indicated a more tempered approach to interest rate cuts in 2025. That?s according to minutes from the Fed?s December meeting, which were released on Wednesday, Jan. 8. Investor interest shifted toward treasury bonds, as the 10-year yield briefly touched 4.73% on Wednesday, amid resurfacing inflation fears and anticipation around potential tariffs and tax policies.
SoundHound AI Inc.?s shares are trading lower Wednesday potentially from continued momentum due to sector-wide challenges. What To Know: The broader tech selloff follows NVIDIA Inc.?s mixed reception at CES 2025 and rising treasury yields on Tuesday. Economic data may have also added to the decline.
Unease about inflation's persistence and potential policy shifts under a new White House administration dominated the Federal Reserve's December meeting, leaving policymakers divided on the pace of future rate adjustments. Minutes from the Dec. 18 Federal Reserve meeting that were released Wednesday paint a cautious picture of the central bank's outlook on inflation and interest rates.
Friday?s official jobs report is expected to shed light on the cooling U.S. labor market in December 2024, as economists project slower hiring that could ease pressure on the Federal Reserve amid renewed inflation concerns and policy uncertainty under Donald Trump?s incoming administration.
The U.S. dollar extended its rally to a 14-month high and Treasury yields continued their relentless rise on Wednesday as speculation grew that President-elect Donald Trump is considering invoking sweeping emergency powers to implement new tariffs, fueling fears of inflation and policy uncertainty.
The euro fell by around 7% to 1.035 against the US dollar in the fourth quarter of 2024 on the heels of a dovish European Central Bank. EURUSD Price Decline, 2024, Source: Trading Economics The final 25-basis-point interest rate cut of the year has left a dovish ECB a cumulative 100 basis points lower since commencing its easing cycle in June last year.
Robinhood Markets Inc (HOOD) shares were trading lower by 1.7% to $39.88 early Wednesday, before recovering back. What To Know: The ADP National Employment Report revealed that private employers added just 122,000 jobs in December, falling short of economists? expectations and reflecting a slowdown in hiring across key sectors like manufacturing and trade.
Private employers added 122,000 new jobs in December, marking a slowdown from November's 146,000 and falling short of expectations. In a report published Wednesday, Automatic Data Processing Inc. highlighted the results of its National Employment Report, which comes ahead of Friday's crucial non-farm payroll data from the government. ?Hiring slowed in several industries.
Bitcoin continues to slide following Tuesday?s stronger-than-expected?December Purchasing Managers' Index reading, with analysts attributing the sharp price decline to fallout in the bonds market. What Happened: It trades around the $95,400 mark after having touched $102,000 on Monday, down 5.3% over the past 24 hours.
The Vanguard S&P 500 ETF fell 0.7% to $543.62 Tuesday as investors digested economic data and rising inflationary pressures. What Happened: December?s Purchasing Managers' Index for U.S. services climbed to 54.1%, signaling a robust end to 2024. The PMI's Prices Index jumped to 64.4%, its highest since mid-2023, reigniting fears of persistent inflation.
Former BitMEX CEO Arthur Hayes has predicted a potential Bitcoin price peak in late March 2025, driven by a surge in dollar liquidity. In his latest blog post from Jan. 7, Hayes argues that a complex interplay of U.S. Federal Reserve policy and Treasury actions will create a favorable environment for crypto gains in the first quarter before facing a possible correction.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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