Stocks Fall After Powell Says Caution Is Needed on Rate Cuts
The S&P 500 fell 0.3% to kick off the week, and the benchmark 10-year Treasury yield climbed above 4.1%.
Fed's Kashkari: No need to quickly cut interest rates as they're not holding down growth much
Monetary policy might not be as tight as thought, Minneapolis Fed president says.
First Bank of Canada Rate Cut Seen in April, Market-Participant Survey Suggests
The median from 27 responses indicated the first cut of a quarter-point, to 4.75%, would come in April. By December, a median of 27 responses had the Bank of Canada's policy rate sitting at 4%.
U.S. Services Activity Expands More Than Expected, Says ISM
The Institute for Supply Management's services-activity index rose to 53.4, topping economists expectations for an increase to 52.0.
Powell Says Fed Has New Focus: When to Cut Rates
The Fed chair said in a rare television appearance that officials "just want to gain a little more confidence" on inflation.
Home Buyers Are Shopping Again and Finding More Options
Buyers are seizing on the recent reversal in mortgage rates below 7%.
OECD Expects Better Global Growth, Boosted by U.S.
The global growth outlook has improved slightly, mainly due to better prospects for the U.S. economy, according to the latest forecasts from the OECD.
Appeals Court Questions U.S. Regulators' Authority Over Private Funds
Federal panel hears Wall Street challenge to new rules for private equity, hedge funds.
China Service-Sector Gauge Signals Solid Rise in Activity
A private gauge of China's services activities fell slightly at the start of 2024 but stayed in expansion territory, showing continued activity growth.
China Property Projects Set to Receive Funding
Thousands of real-estate projects in China are set to receive funding under Beijing's new "whitelist" financing program, as policymakers intensify efforts to rescue the property sector from a deepening liquidity crisis.
(END) Dow Jones Newswires
02-05-24 2115ET
