US stock futures were little changed on Tuesday after another record-setting day on Wall Street. Contracts on the Dow Jones Industrial Average (YM=F), the S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) all wobbled around the flat line. Stocks jumped on Monday to clinch a third straight day of record-high closes, lifted by high hopes the AI trade and further Federal Reserve interest-rate cuts will continue to fuel the rally. On the tech side, the Nasdaq Composite (^IXIC) led gains after Nvidia (NV ...

Federal Reserve "dot plot" of interest rate expectationsFederal ReserveWhat will the Federal Reserve do with interest rates now that they’ve cut once this year? Will more cuts come or will they hang tight with current interest rates? Fed chair Jerome Powell said, in his post-meeting press conference, that the Fed was not on a fixed course but would watch the data as they emerge. However, we cannot ignore politics: President Trump clearly wants to see lower interest rates.The Fed began interest rate cuts in ...

[Music] Welcome to Market Overtime. I'm Nicole Pedalites. The Federal Reserve has delivered its first rate cut of the year, a widely expected 25 basis points cut that had broad support.On this episode, we'll examine the FOMC announcement, Jerome Powell's commentary, and what this all means for your portfolio, as well as investigate AI. Of course, we've had so much momentum with AI, but when does it fizzle out. When do some of the details within AI and fundamentals really matter.And we bring in an expert for ...

LOGIN SUBSCRIBE | FastCo Works advertisement BY Associated Press Listen to this ArticleMore info 0:00 / 0:00 President Donald Trump's appointee to the Federal Reserve's Board of Governors said Monday that the central bank's key interest rate should be much lower than its current 4.1% level, staking out a position far different than his colleagues. IBM Texas A&M University Miran said that fewer immigrants should free up more housing and lower rental costs, reducing inflationary pressures. And tariff revenu ...

Markets: Gold up $62 to $3746WTI crude oil down 4-cents to $62.64S&P 500 up 0.4%EUR leads, CAD lagsUS 10-year yields up 1.3 bps to 4.15%A pair of Fed officials in Hammack and Musalem said they were reluctant to cut much more in light of inflation risks as both highlighted a decent, and perhaps improving economy. Barkin took a more-neutral view but also touched on improving business confidence while Miran continued to call for 200 bps of easing in short order.The Fed talk had limited impact on markets as sto ...

US stocks edged higher on Monday as Wall Street kept up a record-setting streak on the back of Big Tech megacaps. The Dow Jones Industrial Average (^DJI) nudged up 0.2%, while the S&P 500 (^GSPC) rose almost 0.5%. The tech-heavy Nasdaq Composite (^IXIC) led the way, rising 0.7%. All three major averages posted their third consecutive day of fresh records. Nvidia (NVDA) stock surged to close at a record high, as the company announced it would invest up to $100 billion in OpenAI in the coming years. Oracl ...

I'm not attempting to provide an impossible degree of precision, but a general ballpark. Based on this analysis, I believe the appropriate Fed funds rate is in the mid 2% area, almost two percentage points lower than current policy. The Federal Reserve has been entrusted with the important goal of promoting price stability for the good of all American households and businesses.And I am committed to bringing inflation sustainably back to 2%. However, leading policy restrictive by such a large degree brings s ...

Inflation is still above the Fed's goal of 2% each year. Frederic J. Brown / AFP via Getty Images Close Key Takeaways Today's inflation trends are either something to worry about or no big deal, depending on which Federal Reserve official you ask.On Monday, at least four members of the central bank's policy committee discussed whether the Fed should cut its key interest rate further in the months ahead. This is the first time some have spoken publicly since the central bank's policy-setting committee decide ...

Stephen Miran, Donald Trump’s new appointee on the Federal Reserve’s interest-rate-setting board, has doubled down on his calls for the central bank to more aggressively cut interest rates.Last week, the Fed cut interest rates by a quarter point, bringing rates down to a range of 4% to 4.25% – the lowest it’s been since early 2023. Out of 12 voting board members, Miran was the only one to vote against the crowd. He wanted a half-point cut, not a quarter-point cut.Miran told the Economics Club of New York th ...

Joining us with a read on the options market, Mandy Sue, head of derivatives, market intelligence at SIBO Global Markets. Mandy, great to have you with us. >> Hey Melissa, great to be here.>> So, I'm wondering if the bullish activity if that sort of tenor changed at all post Fed or has it been bullish all along. >> So, if anything, I would say the bullish activity has actually picked up following the Fed meeting uh last week. So for example on Friday we had a record amount of single stock options trade in t ...