Dow Holds Tepid Gains as Fed Eyes First Rate Cut in 11 Years

Published: 17/06/2019 15:30 EST By CCN Markets: The Dow and broader U.S. stock market rose on Monday, as investors shifted focus to a high-profile central-bank meeting that could lay the groundwork for the first interest rate cut in more than a decade. Dow Holds Gains; S&P 500, Nasdaq Follow All of Wall Street’s major indexes […]

Hidden Economic Boom Won’t Stop Fed Rate Cut

By CCN Markets: The Dow Jones bounced back into recovery mode on Thursday, regaining its momentum from an initial breakout above 26,000 last Friday. Heading into the afternoon session, the Dow had gained 53.54 points or 0.21 percent to trade at 26,058.37, and analysts say that there are ample reasons for it to continue to […]

Dow Bounces Back Because July Rate Cut Odds Ballooned to 89%

By CCN Markets: The Dow and broader U.S. stock market advanced on Thursday, as investors found a silver lining in the recent string of downbeat data releases. By this time next week, markets will have a clearer picture of whether the Federal Reserve will indeed lower interest rates at its end-of-July policy meeting. Dow Rises; […]

Dow Buckles Under Weak Inflation, Hastening Fed Rate Cut Band-Aid

 By CCN Markets: The Dow and broader U.S. stock market headed for a soft landing Wednesday after another batch of disappointing inflation figures pointed to a slowing domestic economy. Dow, S&P 500 Slide for Second Consecutive Day All of Wall Street’s major indexes swung lower on Wednesday, continuing a disappointing end to the previous session […]

Dow Buckles Under Weak Inflation, Hastening Fed Rate Cut Band-Aid

 By CCN Markets: The Dow and broader U.S. stock market headed for a soft landing Wednesday after another batch of disappointing inflation figures pointed to a slowing domestic economy. Dow, S&P 500 Slide for Second Consecutive Day All of Wall Street’s major indexes swung lower on Wednesday, continuing a disappointing end to the previous session […]

Dow Clambers Higher as Fed Sharpens Knife for Impending Rate Cut

  By CCN: The Dow and broader U.S. stock market extended their winning streaks on Thursday, as Federal Reserve officials began preparations for a high stakes policy meeting later this month. If the Fed is willing to cut interest rates in July as markets believe, then evidence to that effect will likely materialize later this […]

Stock Market’s Silly Rate Cut Rally Could Easily End in S&P 500 Implosion

By CCN: The stock market has officially exited its mid-year slump. The Dow Jones surged more than 500 points on Tuesday. It added more than 200 points to the tally today. The S&P 500, meanwhile, has climbed nearly four percent from its recent low. This massive reversal in sentiment came about as the Fed has […]

Dow Eyes Surprising Recovery as Fed Rate Cut Rumors Swirl

By CCN: The Federal Reserve has consistently rebuffed pressure to conform its interest rate policy to the Trump administration’s wishes. However, as the trade war rages, some analysts believe the Fed could cut its benchmark rate by the year’s end, capitulating to the White House and providing the Dow Jones with much-needed positive momentum. The […]

JPMorgan Forecasts Dismal 1% GDP Growth, Signals Possible Rate Cut

By CCN: The other shoe could be about to drop in the economy. JPMorgan economists in a report predict the second quarter will witness slowed economic growth. They’re expecting U.S. GDP to expand by a measly 1%, lower than their original predictions of 2.25%. During Q1, the economy expanded at a rate of 3.2%. The […]

Upcoming Supply Cut Will See Bitcoin Prices Rise Further, Brian Kelly Predicts

An upcoming supply cut could help bitcoin (BTC) prices rise further in the coming months, crypto fund manager Brian Kelly told CNBC on May 21. Speaking to the Fast Money program, he explained that “the halvening,” next due to take place in 2020, will see mining rewards cut in half. With many miners now hoarding BTC, Kelly predicted that […]