The Latest Breaking News from Interest Rates

Carnival Corp (NYSE:CCL) shares are trading higher Tuesday morning, lifted by a resurgence in bets that the Federal Reserve will slash interest rates in December. Additionally, shares of travel companies are also trading higher ahead of the Thanksgiving holiday. Estimates indicate that the travel period may be the busiest in…

Traders are rapidly piling into bets that the Federal Reserve will slash interest rates in December, a sharp reversal from just days ago when most expected the central bank to keep borrowing costs unchanged amid inflation concerns.

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down by -1.56%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.84%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -2.38%. December E-mini S&P futures (ESZ25 ) fell -1.56%, and December...

The dollar index (DXY00 ) on Thursday fell from a 5.5-month high and finished down by -0.04%. The dollar whipsawed lower Thursday after US Sep nonfarm payrolls rose more than expected but the Sep unemployment rate unexpectedly ticked up to a nearly 4-year high, bolstering expectations that the Fed may...

Fed Chair Jerome Powell is expected to keep interest rates steady at the final Federal Reserve meeting of the year, but economists say he could strike a more dovish tone as the labor market showed mixed signs.

The S&P 500 Index ($SPX ) (SPY ) today is off by -0.19%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.21%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is lower by -0.49%. December E-mini S&P futures (ESZ25 ) are down -0.43%, and December...

The president also disclosed for the first time that Bessent has been advocating for Powell to remain as chair until his term expires in May.

The dollar index (DXY00 ) today fell from a 5.5-month high and is down by -0.04%. The dollar whipsawed lower today after US Sep nonfarm payrolls rose more than expected but the Sep unemployment rate unexpectedly ticked up to a nearly 4-year high, bolstering expectations that the Fed may still...

The S&P 500 Index ($SPX ) (SPY ) today is up by +1.74%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +1.40%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +2.09%. December E-mini S&P futures (ESZ25 ) are up +1.75%, and December...