The Latest Breaking News from Raphael Bostic

June S&P 500 E-Mini futures (ESM24) are up +0.35%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.50% this morning as investors geared up for a new round of U.S. economic data.

March S&P 500 E-Mini futures (ESH24) are down -0.25%, and March Nasdaq 100 E-Mini futures (NQH24) are down -0.63% this morning as investors geared up for a new batch of U.S. economic data while looking ahead to Federal Reserve Chair Jerome Powell’s congressional testimony.

March S&P 500 E-Mini futures (ESH24) are down -0.34%, and March Nasdaq 100 E-Mini futures (NQH24) are down -0.56% this morning as trading resumed after the Presidents’ Day holiday, with investors looking ahead to the release of the minutes of the Federal Reserve’s latest policy meeting as well as earnings…

The Federal Reserve held interest rates steady on Wednesday, but indicated that rates could fall in the coming months if inflation continues to cool.

The US Federal Reserve is widely expected to start cutting interest rates in the coming months, as inflation edges closer to its long-run target of two percent.

Fed officials last week stressed a go-slow approach on rate cuts. Wall Street is starting to curb its bets.

The US Federal Reserve's fight against inflation is far from over and it is "premature" to expect rate cuts around the corner, a senior US central bank official said Friday.

The Dow Jones rallied after a senior Fed official spoke. Apple stock popped on an upgrade. Three Bill Ackman stocks are near entries.

Overall CPI in December was up 3.4% from a year ago. The cost of motor vehicle insurance rose 1.5% in December from November, marking a 20.3% increase compared to the previous year.