Loretta Mester

The Consumer Price Index rose from 2.6% in October to 2.7% in November, in line with economist predictions. Here’s a look at what experts expect from the Federal Reserve in the months ahead.  Experts Weigh In: Most experts are anticipating another quarter-point rate cut from the Federal...

The market could pause in the final trading session of the week following its record run, facilitated by tamer-than-expected inflation data. The major index futures were moderately lower in early trading. Adobe Inc. (NYSE:ADBE) will likely come to the aid of the tech sector, which has been on a hot...

Loretta Mester, the President of the Cleveland Federal Reserve, has suggested that Federal Reserve policy statements could be improved with more detailed explanations of economic assessments and their impact on the central bank’s outlook. What Happened: Mester, who is due to retire next month...

Early Tuesday futures trading suggested a pause after the tech-driven rally of the previous session. Global cues were negative, with Asian markets retreating and European markets opening lower. Commodities dipped, and bond yields remained flat. Traders may be cautious until Nvidia...

Cautious optimism hangs in the air on Thursday morning as index futures traded up moderately in early hours. The earnings season also heats up with more financial companies and streaming giant Netflix, Inc. (NASDAQ:NFLX) scheduled to release quarterly results. Economic data on the...

U.S. stocks are priming for a firmer start on Wednesday, potentially striving to inflect higher from the weakness seen so far in April. As some bullish market watchers pointed out there could be an inflection from the second half of April, with earnings potentially serving as an upside catalyst....

Editor’s note: This story has been corrected to fix a quote from Minneapolis Fed President Neel Kashkari that was misattributed to Chicago Fed President Austan Goolsbee. The Federal Reserve appears to be more concerned about inflation than previously anticipated, according to statements made...

As the week leading to Christmas kicks off, Wall Street has maintained the optimism prevalent since late October, with all major large-cap indices edging upward. Investors continue to ignore warnings from Federal Reserve policymakers regarding the exceptional exuberance over their expectations for...

In an exclusive interview with the Financial Times, a senior Federal Reserve official has sounded a note of caution, warning that financial markets might be getting ahead of themselves in anticipating early interest rate cuts in the coming year. What Happened: Loretta Mester, the President of the...

Stocks appear on track to open Thursday’s session on a firm note. However, the trading direction will likely hinge on the personal consumption expenditure index, which is deemed the Fed’s preferred inflation gauge. With the OPEC+ set to announce its decision on oil output, oil and...

After stocks scraped through on Wednesday, the market mood has lifted from a general increase in risk appetite. With volatility plunging, all risky bets, such as equities and cryptocurrencies, are rising higher. Crude oil prices rose solidly, and the bond yields moved lower as traders continued to...

It’s a red day on Wall Street, with stocks retreating as investors assess the latest economic data indicating an increase in jobless claims and Walmart, Inc. (NYSE:WMT) delivering a cautious stance on the consumer outlook. Treasury yields fell, as investors flocked to fixed income. The 10-...

Risk sentiment remains extremely fragile as the week draws to a close, with the threat of an escalation in the Middle East intensifying. All major stock indices are trading in negative territory as of 1 p.m. in New York, extending their weekly losses. Clashes persist between Israel and Hamas, while...

Risk aversion returned on Thursday as stocks retraced their gains from Wednesday. Traders are now closely monitoring the eagerly anticipated non-farm payrolls data set to be unveiled by the Bureau of Labor Statistics on Friday. By midday trading in New York, not a single S&P 500 sector...

The U.S. dollar is currently on an eight-week winning streak, flexing its muscles to reach levels not seen since February 2023. While this surge may suggest imminent rate hikes, the latest Federal Reserve signals and economic data actually tell a different tale. The Dollar Index Takes Off The U.S...