News about interest rates, Fed

At the start of the year, the bond market was pricing in 6-7 Fed rate cuts in 2024. Today: 1-2 rate cuts. Has this shift hurt the stock market? Not at all. The S&P 500 has already hit 23 all-time highs this year and is up 12% year-to-date (total return including dividends). pic.twitter.com/E25PT78aWP

Fed Chair Jerome Powell Maintains Wait-and-See Posture on Inflation and Rates www.wsj.com/economy/central-banking/fed-chair-jerome-powell-maintains-wait-and-see-posture-on-inflation-and-rates-1cd35820?st=cv7dij8ar2n9mgl

#Fed Chair #Powell said the central bank needs to be patient & let high interest rates continue to work "Looks like it will take longer for us to become confident that #inflation is coming down to 2% over time... just staying at that stance for longer" www.bloomberg.com/news/articles/2024-05-14/fed-s-powell-urges-patience-given-lack-of-inflation-progress?utm_source=website&utm_medium=share&utm_campaign=twitter

At 0.3%, the monthly increase in headline US CPI was better than the consensus forecast of 0.4%. The core measure was in line with the 0.3% forecast. These #inflation numbers and softer-than-expected retail sales data —unchanged for the headline measure and down 0.3% for the…