The Latest Breaking News on Economic Optimism Soars as Americans Embrace Promising Outlook for 2024

The data is the latest to offer some hope that decades-high inflation is showing signs of cooling.

The Fed's key gauge of core inflation rose less than expected in October as the core inflation rate eased to 5%, but the Dow Jones slipped.

A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices

While the stock market witnessed a rally with Fed chair Powell hinting at slower interest rate hikes, many experts believe the economy will slide into a recession next year. Therefore, equities will likely remain under pressure. Amid an uncertain market outlook, we think dividend-paying ETFs SPDR Dow Jones (DIA), iShares…

Fed Chair Jerome Powell has assured a slowdown in rate hikes might commence in December. Benchmark indices gained substantially over the Fed Chair's comments. Moreover, broader market gains from a Santa Claus rally are expected. Therefore, investors could consider buying the quality ETF Invesco Senior Loan (BKLN) before the end…

U.S. stocks surged on Wednesday, putting the blue-chip Dow Jones Industrial Average more than 20% above its September low after Federal Reserve Chair Jerome Powell’s dovish comments and signs of cooling U.S. inflation raised hopes that the central bank will become less aggressive on interest-rates hikes.

DETROIT — Lisa Cook, a member of the Federal Reserve Board of Governors, said the Federal Reserve will continue to work to bring down inflation "until the job is done," which includes increasing interest rates.

Futures fell ahead of a key inflation report. On Wednesday, the S&P 500 jumped above the 200-day line on Fed chief Powell's comments.

Australian shares rally, tracking overnight Wall Street gains after the US Federal Reserve chairman said the central bank could slow its pace of interest rate hikes "as soon as December".

The Tesla and Twitter CEO has suffered major stock dips this year, but there’s little chance of a Fed pivot.

The Fed’s aggressive monetary policy stance created immense recession fear until the inflation showed signs of cooling down in October, and the policymakers hinted at a slower pace of rate hikes. Amid such an uncertain macroeconomic scenario, investors could consider buying safe-haven stocks Johnson & Johnson (JNJ), The Coca-Cola Company…