Stocks were sliding after slightly hotter-than-expected inflation data knocked the support legs out for a supersized rate cut. The Dow was down 700 points, or 1.7%. The S&P 500 and Nasdaq Composite were down 1.4% and 0.9%, respectively.
The fund aims to blend public and private investment-grade debt.
Today's CPI data show inflation growth continued to ease in August. That could be good news for crypto, says Scott Garliss.
A spate of possible constitutional reforms increase worries about democratic backsliding and the business climate in Mexico.
U.S. stock futures were pointing to losses at the open as traders await the release of inflation data and digest the debate between presidential candidates Kamala Harris and Donald Trump. The main event for markets will be the release of the consumer price index. “Markets seem to have awarded Harris a victory on points… In FX [foreign exchange], a Trump win is associated with a stronger dollar, which is trading on the soft side across the board,” wrote ING analyst Francesco Pesole in a research note.
U.S. mortgage rates have changed significantly since late April.
(Bloomberg) -- US mortgage rates slid last week to the lowest level since February 2023, emboldening homebuyers and spurring a pickup in refinancing applications in welcome news for the real estate market.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops $1 Billion Through 2025For Tenants, AI-Powered Screening Can Be a New Barrier to HousingUC Berkeley Gives Transfer Students a
According to BlockBeats, Citibank has forecasted that the Federal Reserve will reduce interest rates by 25 basis points in September. Additionally, the bank anticipates further rate cuts of 50 basis points each in November and December, as per Bloomberg Terminal data.
According to Odaily, ClearBridge Investments' investment strategy analyst Josh Jamner has indicated that today's Consumer Price Index (CPI) report is likely to disappoint the short-term bond market. The market has already anticipated that the Federal Reserve will cut interest rates by more than 250 basis points by the end of 2025. Jamner noted that while today's less favorable news will not prevent the Federal Reserve from beginning to normalize its interest rate policy next week, it may lead to a reframing of the ongoing debate.Further indications suggest that inflation may be more persistent than previously thought, which could result in a slower and smaller rate-cutting cycle.
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