What’s Ahead for the Federal Reserve in 2025?
8 minutes ago
The Federal Reserve’s plans for interest rate cuts in 2025 are up in the air as officials wait to see what policy President-elect Donald Trump will impose and what effect it has on the economy.
In particular, Trump’s plans to impose tariffs have raised eyebrows at the central bank because they could push up inflation.
The year ahead could bring conflict between Trump and Fed Chair Jerome Powell, who has resisted Trump’s suggestion that the president should have a say in monetary policy decisions.
Read the full article here on the outlook for the Fed in the year ahead.
–Diccon Hyatt
Major Indexes on Track to Post Weekly Gains
1 hr 39 min ago
Major U.S. stock indexes came into Friday’s session on track to post weekly gains, rebounding from last week’s downturn.
The Nasdaq Composite was up 2.3% for the week through Thursday’s close, while the S&P 500 and Dow were both up more than 1%.
The indexes fell last week, the first time in five weeks that they had done so concurrently. The Dow would break a three-week losing streak if it hangs on to gains this week, while the S&P 500 would snap a two-week losing run. The Nasdaq fell last week for the first time in five weeks.
Futures Point to Lower Open for Major Indexes
2 hr 49 min ago
Futures tied to the Dow Jones Industrial Average, S&P 500 and Nasdaq 100 were each down 0.4% about an hour before Friday’s opening bell. The indexes, however, remain on track to post weekly gains, rebounding from last week’s downturn.
Dow Jones Industrial Average Futures
S&P 500 Futures
Nasdaq 100 Futures