IMF sees ‘bumps’ in path to lower inflation
The International Monetary Fund warned Tuesday that upside risks to inflation have increased, calling into question the prospect of multiple…
Traders see the odds of a Fed rate cut by September at 100%
Traders are now 100% certain the Federal Reserve will cut interest rates by September. There are now 93.3% odds that…
Gold jumps to record above $2,460 an ounce on hopes Fed will soon cut rates
Gold jumped to a record Tuesday as rising expectations of a September interest rate cut bolstered demand for bullion. Gold…
Small caps are the hottest trade going in the stock market now and they surged another 3% Tuesday
Small-cap stocks are on a tear right now as they took the baton from megacap technology shares last week to…
Morgan Stanley tops estimates on stronger-than-expected trading and investment banking
Morgan Stanley said second-quarter profit and revenue topped analysts’ estimates on stronger-than-expected trading and investment banking results. Here’s what the…
Bank of America shares jump 5% after saying net interest income rebound is coming
Bank of America on Tuesday said second-quarter revenue and profit topped expectations on rising investment banking and asset management fees.…
Powell indicates Fed won’t wait until inflation is down to 2% before cutting rates
Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut…
