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The big questions swirling around the market rally The S&P 500 is closing in on a record after the Fed signaled it would be cutting interest rates next year. Investors are betting that the U.S. economy will pull off the rosiest of outcomes: a soft-landing and cheaper borrowing costs. But some Wall Street veterans are …
The high stakes in Friday’s jobs report Bonds have been on an impressive monthlong rally fueled by investors’ hopes that the Fed will begin cutting interest rates next year. That bet may be tested as soon as Friday with the release of new payroll data that Wall Street expects will show the labor market cooling …
The prediction was straightforward: A rapid rise in interest rates orchestrated by the Federal Reserve would confine consumer spending and corporate profits, sharply reducing hiring and cooling a red-hot economy. But it hasn’t worked out quite the way forecasters expected. Inflation has eased, but the biggest companies in the country have avoided the damage of …
Turkey’s central bank has raised interest rates to 40 percent, its highest level in nearly two decades, in a significant move to tame the country’s runaway inflation after the country’s president, Recep Tayyip Erdogan, had previously defied economic convention by cutting rates to slow price increases. The increase of 5 percentage points on Thursday, which …