U.S. stocks advanced Friday, with the Dow rising nearly 400 points, as monthly Labor Department data showed the pace of job creation cooled in December while wage gains slowed, fueling Read more
Tag: Pace
Bank of England slows rate hike pace to a half point
The Bank of England on Thursday slowed the pace of interest-rate hikes down to a half point, as the U.K. central bank balances a need to fight inflation with signs Read more
U.S. stocks open modestly lower, on pace for fifth day of losses as economic growth worries linger
U.S. stock indexes opened lower on Wednesday morning, struggling to recover ground after a four-day losing streak amid worries about the chances of an economic downturn in coming months. How Read more
Stocks turn higher after Powell says pace of rate hikes will slow in December
Stocks turn higher after Powell says pace of rate hikes will slow in December
Fed’s George argues for ‘steady, deliberate’ interest rate hikes
The Federal Reserve should consider slowing down to “steady and deliberate” interest-rate increases, said Kansa City Fed President Esther George on Thursday. “A more measured approach to rate increases may Read more
Fed’s Barkin backs slower pace of interest-rate hikes
The Federal Reserve had been stepping on the gas in its effort to raise interest rates this year and can now pump the brakes, said Richmond Fed President Tom Barkin Read more
Market expectations start to shift in direction of slower pace of rate hikes by Fed
In a year dominated by worries about inflation and rising interest rates, strategists and traders said a narrative is building within financial markets in which the Federal Reserve will likely Read more
Dow rises around 300 points as investors shake off weak tech earnings, assess pace of Fed rate hikes
U.S. stocks were mostly higher Wednesday as investors shook off disappointing results from tech behemoths Microsoft and Alphabet, while the Bank of Canada delivered a smaller-than-expected rate hike. How are Read more
Fed’s Daly wants to start talking about ‘step down’ in super-sized pace of interest-rate hikes
The Federal Reserve needs to start talking about slowing down their rapid pace of recent increases in their benchmark interest rate, said San Francisco Fed President Mary Daly on Friday. Read more
Mortgage applications fall to the lowest pace in 25 years in latest week
The numbers: A surge in mortgage rates, and evacuations due to Hurricane Ian, both seriously dampened demand for home purchases and refinances. Rates are inching even closer to 7%, and Read more