Inflation Cools Slightly, Clearing Path for Fed Rate Cuts
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A quarter-point rate cut is all but certain at this week’s Federal Open Market Committee meeting. And we’ll see earnings reports from roughly 160 S&P 500 companies.
US stock futures edged higher Sunday evening as Wall Street geared up for a pivotal week featuring the Federal Reserve’s expected rate cut, a barrage of Big Tech earnings, and a long-awaited meeting between President Trump and Chinese President Xi Jinping.
Treasury Secretary Scott Bessent offered rough outlines of an agreement that include China easing rare earth export restrictions and buying “significant” amounts of U.S. soybeans in exchange for President Donald Trump removing his threat of adding 100% tariffs on China.
The Federal Reserve is on "autopilot" of steady rate cuts until its benchmark rate gets closer to 3.5%, said Ashok Bhatia, head of fixed income at Neuberger Berman. "I don't think there's a lot constraining the Fed.
The Federal Reserve is expected to deliver a second straight interest-rate cut this week to support a wobbly job market. Any push to extend the easing cycle past October, however, may face renewed opposition from a group of officials who remain anxious over inflation.
The U.S. dollar rose to a more than two-week high against the yen on Monday at the start of a packed week of global trade negotiations and central bank meetings.
There's a lot to consider for both homebuyers and homeowners looking to refinance now. Here's everything to know.