Similar Stories to Manufacturing Slowdown, Fed Mess Stall Market Rally on Bing News

Wall Street’s recent efforts to rally following last week’s recession scare were thwarted Thursday by a bevy of bad news, including the first signs of a manufacturing slowdown in 10 years. Stocks started the day off strong on growing signs of a confident US consumer — thanks to stellar earnings reports from Dick’s Sporting Goods...

BING NEWS:
  • Fed meeting, benign inflation keep soft landing hopes alive
    Soft landing hopes that have powered U.S. stocks this year received a boost following encouraging inflation data and a nod from the Federal Reserve at progress made in fighting consumer prices.
    06/12/2024 - 5:04 pm | View Link
  • Fed holds interest rates steady for seventh meeting in a row
    The Federal Reserve held interest rates steady Wednesday after months of higher-than-expected inflation. After a two-day meeting of its Federal Open Market Committee in Washington, D.C., the Fed ...
    06/12/2024 - 8:00 am | View Link
  • How May's Inflation Slowdown Could Influence Fed's Next Move: Insights From 6 Economists
    Inflation data showed a bigger slowdown than expected, easing concerns about high interest rates before the June FOMC meeting.
    06/12/2024 - 6:25 am | View Link
  • Fed’s rate-cut path in 2024 is a ‘very close call’ as market awaits Powell’s guidance
    But “it’s a very close call,” he noted, with Fed officials “mixed in terms of their disposition” — meaning projections could point toward just one rate cut.  Markets would probably “react moderately ...
    06/11/2024 - 9:31 am | View Link
  • Stock market today: Wall Street drifts up to more records ahead of this week's Fed meeting
    In the bond market, the yield on the 10-year Treasury rose to 4.46% from 4.43% late Friday. The two-year yield, which more closely tracks expectations for the Fed, held steady slipped to 4.88% from ...
    06/9/2024 - 1:01 pm | View Link
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