BofA Global Research is the latest brokerage in review your Fed rate cut forecast until much later, citing high inflation due to high energy prices and the growing strength of the labor market. BofA Global Research now expects the Federal Reserve to remain on hold for the rest of this year, with two quarter-point cuts…
By Michael S. Derby May 3 (Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari said on Sunday that the longer the war with Iran continues, the greater the risks of higher inflation and economic damage, all of which limits the guidance the central bank should provide on rate policy at this time. In an…
Gasoline prices rose closer to the $4 threshold on Friday as oil futures rose amid an escalation in the Middle East conflict. The national average at the pump rose above $3.91 per gallon to hit its highest level since 2022, according to AAA data. Prices have increased steadily over the past few weeks, rising $0.98…
Bitcoin (BTC-USD) rose 1% on Tuesday, extending the previous session’s gains after President Trump hinted that the US-Israel war against Iran could end soon. The token moved above $71,000 as the stock market rose and oil prices fell after Trump said the conflict with Iran could end “very soon.” Wall Street has been watching oil…
A delayed reading of the Federal Reserve’s preferred inflation gauge released Thursday keeps the central bank on track to hold interest rates steady next week. The Bureau of Economic Analysis released a combined measure of the Personal Consumption Expenditure Index for October and November due to the government shutdown that showed inflation rose 2.8% year…
The first new inflation reading since the government shutdown showed prices unexpectedly fell in November, although the report may not immediately change the Federal Reserve’s outlook due to possible distortions in the data. “This seems like positive news overall, but the lack of detail and lack of data collection during the lockdown introduces a degree…
Recent data on U.S. jobless claims has triggered moves in stock and bond markets, reflecting potential implications for the broader economy. Economic data stimulates market activity New information on U.S. jobless claims has sent ripples across both stock and bond markets. While the number of people filing for unemployment benefits remains relatively low, it has…
Mergers and acquisitions in the U.S. upstream oil and gas sector fell for the third consecutive quarter, ending massive acquisitions seen in recent years amid persistently low energy prices. According to Enverus Intelligence Research, $9.7 billion worth of deals were closed in the third quarter, a 28% drop from the second quarter and placing the…
