How High Wall Street Thinks the Fed Will Keep Interest Rates
At the start of 2024, investors expected the Federal Reserve to cut interest rates substantially…
At the start of 2024, investors expected the Federal Reserve to cut interest rates substantially this year as inflation cooled. But price increases have been surprisingly stubborn, and that is forcing a rethink on Wall Street. Investors and economists are questioning when and how much Fed policymakers will manage to cut rates — and some…
Rogelio Villarreal knew nothing about the French jeweler Cartier, he said, when an ad popped up on his Instagram feed last December. He clicked on it, perusing the pages of bling and other luxury items, including handbags, watches and necklaces, each listed for thousands of dollars. Then Mr. Villareal, who lives in Mexico, noticed a…
ST. PAUL, Minn. — For years, Luke Kunin watched as his girlfriend, then fiancée, then wife, Sophia, supported his career. She was a shoulder to lean on when things got tough in Minnesota. Moved to Nashville when he was traded there. Was a constant during the toughest season of his pro career — last year…
President Biden said on Friday that he would participate in a general-election debate with former President Donald J. Trump, a striking shift after months in which he and his campaign declined to commit to appearing onstage with his Republican rival. Mr. Biden’s announcement, made in response to a question from the radio host Howard Stern,…
The Federal Reserve’s most closely watched inflation measure remained stubborn in March, the latest evidence that price increases are not fading as quickly as policymakers would like, and another reason that interest rates may stay higher for longer. Investors came into 2024 hopeful that Fed officials would cut rates substantially this year, but those hopes…