Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li>The S&amp;P 500 might be stuck in place for the rest of the year, Ed Yardeni says.</li><li>The market vet thinks no more Fed rate cuts are coming until 2025 as the economy stays strong. </li></ul>The stock market could be bumping up against a ceiling for now, market veteran Ed Yardeni said. The longtime investor and president of Yardeni Research said he sees limited capacity for central bankers to cut interest rates, thanks to the strength of the US economy and a troubling outlook for the federal debt balance. That means further policy easing may not come until 2025 — and the S&amp;P 500 could stay stuck around 5,800 through the end of the year, he said in a recent note to clients. That would imply less than a 1% gain for the benchmark index in the next two months. Stocks have already been going "nowhere fast" since the Fed issued a jumbo-sized rate cut in September, Yardeni said. The S&amp;P 500 has climbed 2% since the Fed's last policy meeting, while the S&amp;P 500 equal-weighted index has risen 3.8%."We expect that it might go nowhere fast over the rest of this year too, hovering around 5,800. The outlook for fiscal policy will probably remain unsettling after the election and the Fed might not lower the FFR over the rest of this year after all," Yardeni wrote.Yardeni pointed to strength in recent economic data, which suggests that further rate cuts might not come out of the Fed's meeting this week or in December. For one, real GDP growth was strong in the third quarter, rising 2.8% year-over-year. Business equipment investment rose 11% over the third quarter, following a near-10% increase in the prior quarter. Investment in information processing equipment, in particular, hit a record high, according to data from the Bureau of Economic Analysis.<div type="image" title="Graph showing business equipment investment growth" height="794" width="1332" msid="114956591" hostid="261" sizebytes="56966"></div><a target="_blank" class="" href="https://www.businessinsider.com/october-jobs-report-unemployment-rate-nonfarm-payroll-growth-federal-reserve-2024-11#:~:text=The%20US%20economy%20added%20just,due%20to%20hurricanes%20and%20strikes.">Weakness in the job market</a> has concerned some investors, with the US adding far fewer payrolls than expected in October. Yet, analysts have said the labor market weakness was at least partly the result of events including <a target="_blank" class="" href="https://www.businessinsider.com/boeing-union-iam-endorses-contract-pay-raise-strike-2024-10">union</a> <a target="_blank" class="" href="https://www.businessinsider.com/dockworkers-port-strike-ila-impacts-2024-10">strikes</a> and <a target="_blank" class="" href="https://www.businessinsider.com/hurricane-milton-helene-unemployment-job-growth-presidential-election-inflation-harris-2024-10">Hurricanes Helene and Milton</a>.Importantly, the unemployment rate remained near a historic low last month at 4.1%."The bond market agrees with our opinion that the Fed cut the FFR too much, too soon," Yardeni added, pointing to the recent rise in bond yields, which indicate higher interest rate expectations among bond investors.Government borrowing, meanwhile, looks poised to increase over the coming months, a factor economists have said could <a target="_blank" class="" href="https://www.businessinsider.com/us-debt-problem-explained-deficit-gdp-inflation-economy-interest-rates-2024-4#:~:text=The%20government's%20soaring%20debt%20balance,future%2C%20economists%20told%20Business%20Insider.">indirectly fuel inflation</a>, and therefore limit the Fed's ability to cut rates."What can we expect when the current debt limit suspension ends on January 2? A divided government could force the Treasury to use extraordinary measures (as it did early last year) to fund the government while Congress debates the ever-increasing debt limit. It may take a debt crisis in the bond market to rein in Washington's fiscal excesses," Yardeni said.Yardeni has warned clients before about the possibility that <a target="_blank" class="" href="https://www.businessinsider.com/interest-rate-cuts-fed-outlook-recession-economy-stocks-ed-yardeni-2024-10">no further rate cuts</a> are delivered by the Fed in 2024. However, most investors expect the Fed to cut rates by 25 basis points this week and cut by the same amount in December, according to the <a target="_blank" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">CME FedWatch tool</a>. Some forecasters have even floated another <a target="_blank" href="https://www.businessinsider.com/next-fed-rate-cut-forecast-jumbo-unemployment-labor-market-citi-2024-11">jumbo-sized rate cut</a> this year as the labor market could be weaker than it appears on the surface.

Stocks might 'go nowhere' for the rest of this year amid Fed uncertainty and US debt concerns, market vet says

<ul class="summary-list"><li>US stocks traded mixed as investors looked ahead to the central bank's meeting minutes.</li><li>The release will offer more insight into what the Fed is thinking about monetary policy and inflation.</li></ul>US stocks were mixed early Wednesday as traders looked ahead to the minutes of the Federal Reserve's last policy meeting, which should give further guidance on the path of interest rates for the rest of the year. All three benchmark indexes traded slightly in the red, while bond yields were up slightly. Investors will be parsing through the Fed's latest meeting minutes later on Wednesday, which will give more insight into what central bankers are thinking about the economy and the trajectory of rate cuts this year and beyond. Monetary policy is in focus after an unexpectedly hot job report in September, fueling doubt over whether the Fed will issue another jumbo rate cut this year."The minutes of the last Federal Reserve meeting are due, and should be fascinating," Paul Donovan, the chief economist of UBS Global Wealth Management, said in a note. "The tone of the Fed minutes should not change expectations of further rate cuts—the Fed is still scrambling to catch up with inflation slowing in the US, and started cutting rates late. But expectations about the pace of easing may be set by the minutes."According to Pantheon Macroeconomics, the Fed is more likely to begin cutting rates in 25-basis-point increments rather than issuing another 50-basis-point rate cut."Even so, we still think the FOMC is putting undue emphasis on the current strength of the economy rather than the direction of travel and the lagged impact of earlier tightening still in the pipeline," economists at the research firm said in a note. "We expect a 25bp easing in November but think a soft run of jobs and activity data in Q4 and Q1 will soon have the Fed scrambling to avoid falling behind the curve."Central bankers will assess another jobs report and the September Consumer Price Index, which will be published Thursday morning, before making their next rate move. The inflation report will be a high-stakes data point for the Fed after the big September payroll report, with markets anxious that officials may have to turn their attention back to prices after pivoting to the labor market at their last meeting. Markets are pricing in an 88% chance the Fed will issue a quarter-point cut, while odds of another jumbo-sized cut have been slashed completely, according to the <a target="_blank" class="" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">CME FedWatch tool</a>.Google parent Alphabet fell 1% in early trading as the US Department of Justice <a target="_blank" class="" href="https://storage.courtlistener.com/recap/gov.uscourts.dcd.223205/gov.uscourts.dcd.223205.1052.0_1.pdf">indicated it could break up the tech giant</a>. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Wednesday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,752.93, up 0.06% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 42,194.38, up 0.27% (+114 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 18,150.47, down 0.18%</li></ul>Here's what else is going on:<ul><li><a target="_blank" class="" href="https://www.businessinsider.com/fed-interest-rate-cuts-outlook-economy-recession-no-landing-borrowing-2024-10?_gl=1*i6n3nu*_ga*OTI1ODIwOTQ2LjE3MTYzOTg2NjU.*_ga_E21CV80ZCZ*MTcyODQ3ODgzNS40MjMuMS4xNzI4NDgwNDc4LjMxLjAuMA..">The economy is facing a "no-landing" scenario</a> that could take away some relief from higher interest rates.</li><li><a target="_blank" class="" href="https://www.businessinsider.com/mortgage-rate-increase-since-federal-reserve-cut-interest-rates-housing-2024-10?_gl=1*i6n3nu*_ga*OTI1ODIwOTQ2LjE3MTYzOTg2NjU.*_ga_E21CV80ZCZ*MTcyODQ3ODgzNS40MjMuMS4xNzI4NDgwNDc4LjMxLjAuMA..">Fed rate cuts were expected to push mortgage rates lower</a>, but the opposite has happened.</li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stocks-q3-earnings-lower-rates-stocks-returns-outlook-bofa-2024-10">The bar for corporate earnings is low</a>. That's good news for stocks, as long as companies are feeling upbeat about rate cuts, according to Bank of America.</li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil dipped 2% to $72.06 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, was fell 2% to $75.63 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> slipped 0.39% to $2,612.00 an ounce.</li><li>The 10-year Treasury yield was about flat at 4.041%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> edged lower 0.8% to trade at $61,930.</li></ul>

Stock market today: US stocks trade mixed with Fed minutes and rate outlook in focus

<ul class="summary-list"><li>Indexes slipped Thursday as traders focused on remarks from Fed Chair Jerome Powell.</li><li>Powell said the Fed is in no hurry to cut rates, and reiterated the strength of the US economy.</li></ul>Indexes ended lower on Thursday, with the election rally fizzling out as traders digested remarks from Federal Reserve Chair Jerome Powell and assessed the latest inflation data. The S&amp;P 500 and Nasdaq fell more than 0.5%, while the Dow Jones Industrial Average lost over 200 points. The 10-year Treasury yield, meanwhile, remained nearly flat at 4.447%, hovering close to its highest level since July.Here's where US indexes stood at the 4:00 p.m. closing bell on Thursday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,949.17, down 0.6% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 43,750.86, down 0.47% (-207.33 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 19,107.65, down 0.64%</li></ul>The slide comes after Powell signaled the Fed is in no rush to cut interest rates while the US economy remains on solid footing. "The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said during prepared remarks at an event in Dallas. "The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully."Powell added the US has had the best domestic growth of any major economy, and emphasized the strength of the labor market. He said the October jobs report's slowing job growth was largely due to storm-related damage.Powell's comments come as investors seek hints of the Fed's intended easing path after a 25 basis point cut last week. Trump's election win has sparked worries that inflation could rise again under his proposals for broad tariffs and mass deportations, which could cause the Fed to pause rate hikes, economists say.Traders expect the central bank to cut another 25 basis points at its December meeting before pausing in January, according to the CME <a target="_blank" class="" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">FedWatch tool</a>.Powell's comments also follow the latest inflation reading which shows wholesale prices rose 0.2% in October, according to data from the Bureau of Labor Statistics.The data was in line with expectations but showed inflation remains somewhat sticky, with a year-over-year increase of 2.4%.The core producer price index, which excludes food and energy prices, rose 0.3% in the month and 3.1% year-over-year.Meanwhile, jobless claims data on Thursday, showed weekly claims dropped to their lowest since May, falling to 217,000 last week. That marks a 4,000 decline from the week prior.Here's what else is going on:<ul><li>Investors are underestimating how deep <a target="_blank" class="" href="https://www.businessinsider.com/fed-interest-rate-cuts-outlook-2025-trump-tariff-inflation-growth-2024-11">rate cuts will be in 2025</a>, Goldman Sachs says.</li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/electric-vehicle-stocks-trump-end-ev-tax-credit-tesla-rivian-2024-11?_gl=1*1794use*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTczMTYxNjYwOS40MTAuMS4xNzMxNjE3NjM3LjIyLjAuMA..">EV makers slid</a> on report Trump wants to scrap the EV tax credit.</li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/disney-stock-price-3q-earnings-streaming-profit-guidance-cruise-parks-2024-11?_gl=1*6r1dtf*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTczMTYxNjYwOS40MTAuMS4xNzMxNjE3NjUxLjguMC4w">Disney stock surged</a> as rare three-year forecast sees strong profit growth ahead.</li><li>China's weak economy and record US production will lead to a <a target="_blank" class="" href="https://markets.businessinsider.com/news/commodities/oil-outlook-supply-crude-prices-us-production-china-opec-2024-11?_gl=1*1he4945*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTczMTYxNjYwOS40MTAuMS4xNzMxNjE3NjcwLjYwLjAuMA..">surplus</a> of one million barrels of oil a day next year, IEA says.</li></ul>In commodities, bonds, and crypto:<ul><li>Oil futures were up. <a target="_blank" class="" href="https://markets.businessinsider.com/commodities/oil-price?type=wti">West Texas Intermediate crude</a> rose 0.3% to $68.63 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, climbed 0.3% to $72.48 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets">Gold</a> rose fell 0.5% to $2,572 an ounce.</li><li>The 10-year Treasury was nearly flat at 4.447%.</li><li><a target="_blank" class="" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> was down 1.4% to $87,531. </li></ul>

Stock market today: Indexes fall as Powell says the Fed is in no hurry to cut interest rates

<ul class="summary-list"><li>Stock indexes retreated as investors digested Thursday commentary from Fed Chair Jerome Powell.</li><li>The odds of a 25-basis-point rate cut in December fell sharply after Powell's address.</li></ul>US equities slumped Friday morning as Wall Street pulled back rate-cut expectations for December.The scaling-back started on Thursday afternoon after Federal Reserve Chair Jerome Powell indicated that central bank will take its time in easing policy, citing ongoing US economic strength."The economy is not sending any signals that we need to be in a hurry to lower rates," he said.The odds of a 25-basis-point rate cut fell to less than 60% shortly after Powell's comments, down from 80%, as calculated by the <a target="_blank" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html">CME FedWatch Tool</a>. The probability remained lower, around 58%, on Friday morning.Also impacting rate-cut expectations is a streak of encouraging economic data. New figures on Friday showed US retail sales advanced in October, boosted by a jump in autos purchases.While the three major indexes headed for their first losing week since the election, bond yields climbed. The 2-year yield — most sensitive to near-term rate forecasts — has risen 7 basis points in the last two days.Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Friday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,905.37, down 0.7%</li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 43,547.05, down 0.5% (213 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 18,859.96, down 1.3%</li></ul>Here's what else is going on:<ul><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-bubble-crash-prediction-bull-market-drivers-top-2024-11?_gl=1*1wkitcm*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTczMTY3NDUwNC44NDAuMS4xNzMxNjc4ODMzLjU1LjAuMA..">3 stock market rally drivers are hitting extremes and pointing to low returns</a>, David Rosenberg said.</li><li>David Einhorn is <a target="_blank" href="https://markets.businessinsider.com/news/stocks/david-einhorn-greenlight-capital-cnh-stock-value-buy-agriculture-inflation-2024-11?_gl=1*jv6vk7*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTczMTY3NDUwNC44NDAuMS4xNzMxNjc4OTczLjE1LjAuMA..">loading up on a CNH Industrial</a>, a cheap agricultural stock 'no one cares about.'</li><li>Investors underestimate how deep <a target="_blank" href="https://www.businessinsider.com/fed-interest-rate-cuts-outlook-2025-trump-tariff-inflation-growth-2024-11?utm_medium=ingest&amp;utm_source=markets">rate cuts will be in 2025</a>, Goldman Sachs says.</li><li>China's weak economy and record US production will lead to a <a target="_blank" href="https://markets.businessinsider.com/news/commodities/oil-outlook-supply-crude-prices-us-production-china-opec-2024-11?_gl=1*1he4945*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTczMTYxNjYwOS40MTAuMS4xNzMxNjE3NjcwLjYwLjAuMA..&amp;utm_medium=ingest&amp;utm_source=markets">surplus</a> of one million barrels of oil a day next year, IEA says.</li></ul>In commodities, bonds, and crypto:<ul><li>Oil markets were down. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?type=wti&amp;utm_medium=ingest&amp;utm_source=markets">West Texas Intermediate crude</a> slid 0.96% to $68.04 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, fell 0.94% to $71.88 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Gold</a> stayed essentially flat at $2,572 an ounce.</li><li>The 10-year Treasury climbed 4 basis points to 4.459%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets">Bitcoin</a> jumped 2.28% to $90,053.</li></ul>

Stock market today: Indexes tumble after Fed comments dent December rate-cut odds

<ul class="summary-list"><li>Indexes rose Thursday to continue a post-election rally after the Fed cut interest rates.</li><li>The Fed cut rates by 25 basis points, a smaller move compared to its September meeting. </li></ul>Indexes ended higher on Thursday, extending a post-election rally after the Federal Reserve delivered a rate cut at the end of its latest policy meeting. The Nasdaq jumped 1.5% to a new record high, while the S&amp;P 500 climbed 0.8% to a new record. The Dow Jones Industrial Index was nearly flat after surging by more than 1,500 points on Wednesday. Here's where US indexes stood at the 4:00 p.m. closing bell on Thursday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,973.10, up 0.74% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 43,729.34</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 19,269.46, up 1.5%</li></ul>Major indexes gained as the Fed <a target="_blank" class="" href="https://www.businessinsider.com/federal-reserve-cuts-interest-rates-quarter-point-powell-inflation-election-2024-11">cut rates by 25 basis points</a>, which was widely expected after an initial jumbo 50 basis point cut in September.Chair Jerome Powell said the Fed will continue to be data dependent, but that it is prepared to adjust its easing pace as necessary.Though some noted after the meeting that the Fed's tone may have sounded less confident about the path of inflation, noting "progress" has been made rather than the previous wording of "further progress," analysts were unconcerned."The Committee had used this language as a threshold to start cutting, so we interpret its removal as a reflection of the fact that the cutting cycle is already underway rather than as an indication of reduced confidence in the inflation outlook," analysts from Goldman Sachs said in a Thursday note.CPI data has been slightly sticky above the Fed's 2% target, with the <a target="_blank" class="" href="https://www.businessinsider.com/inflation-september-cpi-consumer-price-index-federal-reserve-interest-rates-2024-10">latest report</a> showing inflation cooled in September but less than economists had expected.The labor market, on the other hand, appears to be a smaller source of stress for the Fed, but Powell said it's "prepared to adjust the pace and destination" of easing as the jobs data evolves."There seems to be less anxiety about the risk of rising unemployment and slowing job growth," Fitch Ratings chief economist Brian Coulton said in a Thursday note.The latest employment data, released Thursday, shows weekly jobless claims increased slightly to 221,000, a gain of 3,000 from the week before and in line with expectations.Investors seem hopeful Trump's light regulatory stance and proposals for corporate tax cuts will make for a more friendly business environment. <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-bull-rally-trump-deregulation-tax-cuts-evercore-2024-11">Evercore ISI this week predicted</a> the S&amp;P 500 to jump 11% by next summer as the rally accelerates in Trump's second term. Powell said the election outcome will have "no effect" on the Fed's policy in the near future and reiterated that the Fed does not speculate on any administration's potential impact on the economy.Here's what else is going on:<ul><li><a target="_blank" class="" href="https://www.businessinsider.com/polymarket-whale-banked-85-million-profit-trump-president-election-win-2024-11?miRedirects=1">The Polymarket "whale" made a lot more</a> than previously thought betting on Trump to win. </li><li>Stocks are entering "Crazy Town" as valuations near generational highs. </li><li>Stocks tied to Russia rally as Trump's win <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/russia-stocks-trump-win-ukraine-war-putin-zelenskyy-2024-11?_gl=1*7o1w4e*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTczMTAxMTE0MC4zNzguMS4xNzMxMDEzMTI1LjYwLjAuMA..">fuels hopes</a> for an end to the Ukraine war.</li><li>Trump's win created a <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/wealthiest-people-in-world-net-worth-increase-trump-victory-stocks-2024-11?_gl=1*1kcs0b*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTczMTAxMTE0MC4zNzguMS4xNzMxMDEzMTUyLjMzLjAuMA..">record $64 billion</a> of net worth for the world's 10 richest people.</li></ul>In commodities, bonds, and crypto:<ul><li>Oil futures were up. <a target="_blank" class="" href="https://markets.businessinsider.com/commodities/oil-price?type=wti">West Texas Intermediate crude</a> rose 0.5% to $72.06 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, climbed 0.7% to $75.42 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets">Gold</a> rose climbed 1.4% to $2,713.80 an ounce.</li><li>The 10-year Treasury fell nine basis points to 4.335%. </li><li><a target="_blank" class="" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> was up slightly to $76,505.</li></ul>

Stock market today: Stocks extend post-election rally as the Fed cuts interest rates

<ul class="summary-list"><li>Indexes climbed on Thursday after the huge post-election rally in the previous session. </li><li>Traders will shift their attention to the Fed, which is expected to announce a 25-basis-point rate cut. </li></ul>Indexes edged up on Thursday, heading for another day of gains after Donald Trump's election victory <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/trump-election-win-stock-market-today-record-high-sp500-dow-2024-11?_gl=1*16d1s21*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTczMDk4NTQ0OS4zNzUuMS4xNzMwOTg5NDc2LjMwLjAuMA..">fueled a massive rally across the stock market on Wednesday.</a>The Dow Jones Industrial Average was just slightly higher after surging <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/trump-victory-stock-market-today-dow-tsla-djt-bitcoin-yields-2024-11?_gl=1*1okordg*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTczMDk4NTQ0OS4zNzUuMS4xNzMwOTg5NDk1LjExLjAuMA..">over 1,500 points</a>, up 3.6% in its biggest single-day percentage gain in two years.Bank stocks and tech shares rallied in the session, fueled by hopes for a lighter regulatory touch and corporate tax cuts under Trump. Bitcoin also gained, given Trump's <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-going-for-crypto-bro-vote-world-liberty-financial-2024-9?utm_medium=ingest&amp;utm_source=markets">pro-crypto stance</a>.On Thursday, investors will turn their attention toward the Federal Reserve, which is expected to cut interest rates by 25 basis points. That would continue the central bank's easing cycle, which kicked off with a jumbo 50 basis point cut in September. After this month's meeting, fed fund futures show the outlook for monetary policy <a target="_blank" class="" href="https://www.businessinsider.com/trump-win-fed-pause-rate-cuts-easing-jpmorgan-david-kelly-2024-11">becomes less clear</a>, with expectations for further cuts declining in the last week. Markets are adjusting to the reality of a second Trump presidency, which economists have said would likely drive inflation if he enacts campaign proposals like broad tariffs and mass deportations. The latest data on Thursday showed weekly jobless claims increased slightly to 221,000, a gain of 3,000 from the week prior and in line with expectations.Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Thursday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,950.88, up 0.37% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 43,754.89, up 0.06% (+24.86. points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 19,114.17, up 0.69%</li></ul>Here's what else is going on:<ul><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/us-election-trump-stock-rally-rise-sp500-outlook-regulation-mergers-2024-11?_gl=1*1y0bf0i*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTczMDk4NTQ0OS4zNzUuMS4xNzMwOTg5NDQ2LjYwLjAuMA..">3 post-election reasons</a> why stocks will rise into year-end, according to Goldman Sachs.</li><li>"Crypto president" Donald Trump has <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/bitcoin-price-btc-record-high-donald-trump-victory-presidential-election-2024-11?_gl=1*bputk0*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTczMDk4NTQ0OS4zNzUuMS4xNzMwOTg5NTExLjYwLjAuMA..">investors cheering</a> as bitcoin hits record.</li><li>These 5 billionaires were the <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/billionaires-net-worth-trump-stock-market-nvidia-tesla-2024-11?_gl=1*n9h555*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTczMDk4NTQ0OS4zNzUuMS4xNzMwOTg5NTM0LjM3LjAuMA..">biggest net-worth winners</a> on Wednesday as stocks surged.</li><li>There's a <a target="_blank" class="" href="https://markets.businessinsider.com/news/bonds/surging-treasury-yields-after-trump-win-show-borrowers-may-not-get-relief-2024-11?_gl=1*zwkckg*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTczMDk4NTQ0OS4zNzUuMS4xNzMwOTg5NjAyLjMxLjAuMA..">big warning sign</a> for consumers flashing as stocks surge.</li></ul>In commodities, bonds, and crypto:<ul><li>Oil futures fell. <a target="_blank" class="" href="https://markets.businessinsider.com/commodities/oil-price?type=wti">West Texas Intermediate crude</a> dipped 0.5% to $71.30 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, fell 0.4% to $74.62 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets">Gold</a> rose 0.8% to $2,697.40 an ounce.</li><li>The 10-year Treasury yield slipped three basis points to 4.396%.</li><li><a target="_blank" class="" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> edged up to $74,891. </li></ul>

Stock market today: Stocks edge higher after huge rally as traders await Fed decision

<ul class="summary-list"><li>Bonds have sold off as traders reassess the path of Fed Reserve rate cuts.</li><li>Strong economic data and the potential for a Trump win have pushed interest rates higher.</li></ul>The bond market is in sell-off mode as traders reassess the path of interest rate cuts from the Federal Reserve.Strong economic data in recent weeks and <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/donald-trump-trade-rally-betting-markets-kamala-harris-bitcoin-djt-2024-10">the potential for a Donald Trump victory in November</a> have helped push bond yields higher and prices lower, with traders adjusting their outlooks after pricing in aggressive rate cuts following the Fed's big 50 basis point move last month. The 10-year US Treasury yield jumped to 4.22% on Tuesday, representing its highest level since July and a sharp increase from the 3.62% level it traded at in mid-September when the Fed delivered a jumbo rate cut.The Bloomberg Aggregate Bond Index dropped 3% since mid-September, and long-term treasuries, as measured by the iShares 20+ Year Treasury Bond ETF, are down about 9% over the same time period.<h3 id="7160ed09-f479-4f19-b8bf-61bc929e8b05">Hot data dims rate-cut views</h3>On the economic front, investors have focused on a recent string of hot data, which has whittled the odds of swift, steep cuts from the central bank at upcoming meetings. A strong September jobs report showing a stunning 254,000 jobs added completely erased the odds of another 50 basis point cut. The jobs data, combined with solid retail sales, slightly hotter-than-expected inflation, and the Atlanta Fed's prediction of third-quarter GDP growth of 3.4%, has forced markets to rethink how eager the Fed will be to cut borrowing costs in order to support the economy. Apollo chief economist Torsten Sløk argued in a note over the weekend that officials will "reverse course" and keep interest rates unchanged at next month's meeting of the Federal Open Market Committee. "The US consumer continues to do well, driven by solid job growth, strong wage growth, and high stock prices and home prices," Sløk said.Sløk says the key indicator to watch is the upcoming October jobs report."Look at the next nonfarm payrolls report. If we do get that at 150 or 200,000, we could easily get a scenario where the Fed will basically have to reverse course and begin to stay on hold," Sløk told Bloomberg on Monday.That would be a big surprise to traders, with the market <a target="_blank" class="" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html">pricing in a 90% chance</a> of a 25-basis point interest rate cut from the Fed next month.Fed officials, for their part, have indicated they're likely to move cautiously, though more rate cuts are still their base case."So far, I haven't seen any information that would suggest we wouldn't continue to reduce the interest rate," San Francisco Fed President Mary Daly said on Monday.Other Fed officials had a similar message.Minneapolis Fed President Neel Kashkari said he expects "modest cuts over the next quarters." Dallas Fed President Lorie Logan said she expects interest rates will fall "gradually," and Kansas City Fed President Jeff Schmid endorsed a "cautious and gradual" approach to cutting interest rates.<h3 id="0e188fe0-eedc-4e3f-8df3-1f35ea8459b5">Markets see Trump win boosting rates</h3>Meanwhile, a potential Trump win next month is seen as being inflationary due to his proposed policy of universal tariffs. Tariffs have been the centerpiece of Trump's economic proposals, which he insists would bring down costs, even though economists warn that taxes on imports will ultimately get passed on to consumers.A resurgence in inflation would lead to a more hawkish Fed, which could pump the brakes on rate cuts or even raise interest rates again to offset rising prices. "Should he re-take the White House in November, the dollar would probably rally sharply, at least in the near term, on expectations of higher US tariffs and interest rates," Capital Economics said in a recent note.Experts told Business Insider that a Trump administration pursuing its most extreme campaign proposals would be <a target="_blank" class="" href="https://www.businessinsider.com/election-trump-harris-economy-inflation-stock-market-volatility-risk-orlik-2024-10">a "seismic" shift for the US economy</a>, leading to big impacts on inflation and Fed policy.

The bond market is selling off after traders got their Fed forecasts wrong

<div type="image" title="In case RBI is in the mood to hike the interest, your home loan EMIs might end up taking more from your pockets. Or, if it leaves the rates unchanged, your EMIs wont budge one bit" msid="114284206" hostid="261" caption="&amp;lt;p&amp;gt;In case RBI is in the mood to hike the interest, your home loan EMIs might end up taking more from your pockets. Or, if it leaves the rates unchanged, your EMIs wont budge one bit&amp;lt;/p&amp;gt;"></div> On September 18, 2024, the <keyword id="19951097" type="General" weightage="20" keywordseo="us-fed" source="keywords">US Fed</keyword> delivered a jumbo-sized surprise to the global economy. Not only did they trim their interest rates by a massive 50 basis points to bring their yields down to 5%, but also hinted at further rate cuts in the upcoming months. This move from the fed and several other central banks globally had pushed expectations high for a similar rate slash closer home, from the <keyword id="19899808" type="General" weightage="100" keywordseo="rbi" source="keywords">RBI</keyword> this month. But governor <keyword id="19913110" type="General" weightage="20" keywordseo="shaktikanta-das" source="keywords">Shaktikanta Das</keyword>, in a “picture abhi baaki hai” moment, decided to hold the repo rates here steady, leaving them unchanged at 6.5% for the record 10th straight time. Although, he did tinker with the policy stand, changing it from “rate cuts are absolutely off the table” to a more accommodating “we’re okay with bringing down the rates, if needed”. This, rather neutral, stance from India’s financial custodian sparked hopes for a rate cut in December this year. However, the stubborn <keyword id="22195" type="General" weightage="20" keywordseo="inflation" source="Orion">inflation</keyword> levels in September have again dented such hopes. As consumers, you may be wondering what all the hullabaloo this is about, since it hardly makes a difference to your regular financial routine. Well, the majority of both economic growth and inflation is closely connected to this policy stance from the central bank and it does have a rather indirect effect on both our earnings and spending. But more directly, it would have clear implications for those looking to own a house. Even the slightest modification of interest rates, or the lack of it, influences the <keyword id="19916018" type="General" weightage="20" keywordseo="emi" source="keywords">EMI</keyword> you pay significantly. So, all aspiring homebuyers, is this the right time to take out a loan and buy a house? Can you expect a rate cut anytime soon, and what will that mean for your home-owning dreams? We lay it out. <h2>What’s the connection?</h2>You see, buying a house is no small feat, at least financially. The task becomes even more herculean if you are scouting for your own roof in cities like Delhi, Noida, Bangalore or Mumbai where, as Circuit from Munnabhai says, “room shuru hote hi khatam ho jata hai”. Naturally, you’ll have to take a <keyword id="6354730" type="General" weightage="20" keywordseo="Home-loan" source="Orion">home loan</keyword> from the bank. Don’t be mistaken, the bank won't give you a loan that covers 100% of the value of the property you want to own. Rather, your loan amount will be equivalent to a certain percentage of the property’s total value. RBI’s guidelines on this are pretty clear: <ul><li>If your loan amount is up to Rs 30 lakh, you can get a loan worth 90% of the property’s value.</li></ul><ul><li>If the loan amount is between Rs 30 lakh and Rs 75 lakh, you are eligible for a loan worth 80% of the property’s value. </li><li>If you are taking a loan of more than Rs 75 lakh, your loan amount will be equivalent to 70% of the property’s value. </li></ul>Now assuming that you have the money, it's all about paying back the principal amount, but not without a little (read hefty) interest added on top. See, when you’re taking a home loan, you are actually signing up for a long-term, even multi-decadal financial commitment, which will unfailingly present itself to your bank accounts and finances every single month, in the form of EMIs, or equated monthly instalments). When you take a home loan, you can choose to pay the interest in two ways (talk about choices!). One is that you decide to keep a fixed rate of interest throughout the tenure of your home loan. So, if you opt for a 25-year fixed-rate home loan at the rate of 8.8% p.a., you’ll have to pay interest at this rate for the next 25 years, till your entire loan is paid off. Yes, you can go backsies and switch to a floating-rate home loan by paying a fee. Floating, as the name suggests, means that your interest rate is not set in stone. But starting October 2019, when it comes to a floating interest rate home loan, your payable interest and EMIs are directly impacted by any changes in <keyword id="20094323" type="General" weightage="20" keywordseo="repo-rate" source="keywords">repo rate</keyword>, which were left unchanged by RBI this time around. Why are these two so chummy, you might ask. Well, <keyword id="173069" type="General" weightage="20" keywordseo="Home-loan-interest" source="Orion">home loan interest</keyword> rates are a sum of two things: <ol><li>Repo Rate (the rate at which RBI lends money to banks)</li><li>Operational cost + margins</li></ol>Any plus or minus in this equation would send your home loan interests tanking, or skyrocketing. Vivek Iyer, Partner, Grant Thornton Bharat explains that any change in the repo rates impacts the cost of funds and thereby the home loan interest rates. “When the interest rates are expected to reduce, the corresponding impact will be in the form of a reduced EMI. Home loan borrowers should always try to borrow at a floating rate when interest rates are expected to reduce and at a fixed rate when the interest rates are expected to increase. This minimizes the outflow in the form of EMIs that the home loan borrowers will experience”, he continues. So, no change in repo rates means no change in your home loan interest payout and no financial relief whatsoever. A rate cut, which most experts are anticipating will start this December, would mean your EMI payments come down, and your wallet might save a little more. But there’s also a chance of an UNO reverse happening. In case RBI is in the mood to hike the interest, your home loan EMIs might end up taking more from your pockets. Consider this. You took a floating interest rate home loan worth Rs 50 lakh in January 2022 at 8% p.a., for a period of 20 years. This brings your total monthly EMI to Rs Rs 41,822. But, as luck would (or won't) have it, RBI raised the interest rate by 250 basis points between May 2022 and February 2023, bringing it to its current status of 6.5%. Some back-of-the-envelope calculations suggest that now, your home loan interest payout will also rise by a hefty 2.5%, taking the total to 10.5%. In other words, you’ll have to dish out Rs 49,919 per month as EMI. Now, won't you heave a sigh of relief if the RBI were to bring down the interest rate by say, even 50 basis points, or 0.5%? Agreed, your EMI will come down just marginally, to Rs 48,251. But look at this over a 20-year period, and you’ll see how big the difference is. <h2>Are rates set to change anytime soon?</h2>Generally, RBI hikes the repo rates if it sees inflation spiralling out of control. Then, in a bid to reduce consumer spending, it raises interest rates to make borrowing expensive. But when the apex bank sees sluggish consumption in the economy, inflation in control and wants to boost spending, it slashes down on interest rates, making it more lucrative for people to borrow. As of now, most experts are not anticipating any changes in the interest rates anytime soon. This means home loans are not getting cheaper anytime soon. The CPI data, which came out yesterday, saw inflation rise to 5.49% in September, compared to 3.65% last month. Food and beverage prices jumped to a four-month high of 8.36% in September, as opposed to a 5.3% rise in August. So a rate cut seems a no-go at the moment! Apurva Sheth, Head of Market Perspectives and Research, SAMCO Securities explains that the RBI had probably expected a hardening of inflation and that's why it chose to hold on to the rates in the monetary policy announcement last week. “Now, it seems that RBI will take a cautious stance going ahead and will not be in a hurry into rate cuts like its global peers”, he added. In all this, one thing is clear, in the grand movie of the Indian economy, the RBI has chosen stability over drama. And just like in every good Bollywood film, we're left wondering what twist the sequel will bring. Until then, it might be “The End" for rate cuts, but the show must go on for the Indian economy!

Simply Put: Boom or bust — how RBI’s decision to leave rates unchanged affects homebuyers

<ul class="summary-list"><li>US stocks started the week slightly higher as investors assessed the path of interest rates</li><li>Fed Chairman Powell hinted at imminent rate cuts, but the timing and depth of cuts is uncertain. </li></ul>US stocks traded slightly higher on Monday as investors assess the potential path of future interest rate cuts from the Federal Reserve.Fed Chairman Jerome Powell indicated that interest rate cuts were imminent in his speech at Jackson Hole on Friday, uncertainty remains as to how aggressive the Fed will be in cutting rates.While the CME FedWatch Tool sees a 100% chance of a Fed rate cut in September, there's a 65% chance of a 25 basis point rate cut and a 35% chance of a 50 basis point rate cut."Fed Funds Futures are discounting a steady diet of rate cuts over the next 12 – 16 months that eventually end with policy rates equal to the neutral rate. That is consistent with further economic growth, not recession," DataTrek Research co-founder Nicholas Colas said in a note on Monday.The future path of inflation and the resilience of the labor market will determine the path and intensity of interest rate cuts.Investors will get their next inflation reading on Friday with the release of the PCE Index, which is considered the Fed's most preferred inflation gauge.For the current state of the jobs market, investors will pay attention to the weekly release of initial jobless claims on Thursday, followed by the August jobs report next week.Aside from the Fed, investors are paying close attention to the tail-end of second-quarter earnings, with <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/nvda-stock?miRedirects=1">Nvidia</a> and <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/crm-stock?miRedirects=1">Salesforce</a> set to report earnings on Wednesday after the market close. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Monday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,650.10, up 0.27% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 41,341.81, up 0.4% (+166.73 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 17,897.72, up 0.11% </li></ul>Here's what else is going on today:<ul><li><a target="_blank" class="" href="https://www.businessinsider.com/retirement-savings-crisis-gen-x-boomers-social-security-401k-pensions-2024-8">Meet the 'silver squatters' who are woefully unprepared for retirement.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/harris-housing-plan-affordability-crisis-shortage-presidential-election-down-payment-2024-8">Kamala Harris needs to align two key parts of her housing plan if she wants to fix the affordability crisis.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/kamala-harris-economic-plan-price-controls-gouging-food-inflation-election-2024-8">Here's what economists are saying about Kamala Harris' plan to clamp down on food inflation.</a></li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil increased 3.13% to $77.17 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, jumped 2.78% to $81.22 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> was higher by 0.59% to $2,561.40 an ounce.</li><li>The 10-year Treasury yield dipped two basis points to 3.786%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> dropped 0.68% to $63,830.</li></ul>

Stock market today: US stocks edge higher as investors assess path of Fed rate cuts     

<ul class="summary-list"><li>Bitcoin's price could rise over time as more tokens get "burned" after being lost.</li><li>Bitcoin that's lost either when an investor dies or is simply locked out of their wallet reduces available supply.</li></ul>Widening trade deficits, a $35 trillion pile of debt, and the consistent loss of the US dollar's purchasing power have long been heralded as the key pillars of the bitcoin bull thesis.Even a potential <a target="_blank" class="" href="https://markets.businessinsider.com/news/currencies/bitcoin-price-soars-crypto-president-donald-trumps-election-betting-odds-2024-10">Donald Trump election win in November</a> has been ascribed to the cryptocurrency's recent bullish behavior.The world's largest crypto is only a few percentage points away from a fresh all-time high.Yet, there's a structural bull case that doesn't get talked about much, even though it could have a considerable impact on the long-term price of bitcoin: tokens lost in the event of death or just poor planning.This argument arose recently with the latest furor around <a target="_blank" class="" href="https://markets.businessinsider.com/news/currencies/bitcoin-anonymous-peter-todd-hbo-documentary-satoshi-nakamoto-crypto-2024-10">the potential unmasking</a> of bitcoin's pseudonymous creator, Satoshi Nakamoto, in an HBO documentary released this month. Before it premiered, some theorized that their identity was the American computer programmer Len Sassaman, who died in 2011.Satoshi Nakamoto being deceased would potentially soothe a big fear that's loomed over the bitcoin market for years, which is that the person could sell their estimated 1 million bitcoin.That is a substantial percentage of the 21 million bitcoin that will ever exist, and such a massive sale was long feared as a bearish event for the token.If Satoshi did not leave proper instructions to transfer the assets upon their death, then the fixed supply of 21 million bitcoins is probably closer to 20 million.Sean Farrell, head of digital assets strategy at Fundstrat, highlighted this dynamic in a note earlier this month."There's a slight upside risk if they identify someone who is deceased, as this would effectively 'burn' Satoshi's supply for good," Farrell said."Bitcoin's true float is undoubtedly below 21 million," Farrell told Business Insider. "This is something that we all know to be true but is nearly impossible to verify."That's also because losing bitcoin is relatively easy <a target="_blank" class="" href="https://www.businessinsider.com/james-howells-threw-away-bitcoin-dump-masterplan-get-back-2022-7">even when you're still alive.</a>Lost bitcoin essentially "burns" it, decreasing the amount available for investors to purchase and reinforcing a basic economic principle: less supply means higher prices with constant or increasing demand.Farrell estimates that about 1.5 million bitcoins, or about 7.5% of the total supply, could be deemed "probably lost" because they haven't moved since the launch of the first bitcoin exchange in 2010, about one year after bitcoin was created.<a target="_blank" class="" href="https://www.newyorker.com/magazine/2021/12/13/half-a-billion-in-bitcoin-lost-in-the-dump">A story in The New Yorker in 2021</a> profiled a man in Wales who lost a trove of bitcoin that, at that time, was worth around $500 million when he accidentally threw a hard drive containing his bitcoin stash in the dump."It is probably only with the passage of time that we can get a sense for just how much of the bitcoin supply has been lost," Farrell said.Sophisticated investors who own a large amount of bitcoin often store the cryptocurrency on encrypted cold wallets to protect against hacks.In these cases, that means the bitcoin is not held on an exchange like Coinbase, which has a recovery process for family members of deceased customers.Rather, it's typically held on a physical USB drive that could look meaningless to an unassuming eye and get easily lost or looked over in the shuffle of cleaning up an estate.Bitcoin's decentralized nature means no bank or authority can access or recover the assets without the private key to the wallet or hard drive. "Unlike traditional financial accounts, there is no institution to contact to recover your cryptocurrency. If no one has your private key, the funds will be locked permanently," Wealthica CEO Eric Lemieux told Business Insider.He added: "If you store your bitcoin in a cold wallet and die without giving someone access to your private recovery keys or recovery phrases, the bitcoin could be lost forever."Lemieux said it is imperative for bitcoin investors who hold the asset on a cold wallet to ensure that their estate planning "includes your private key or recovery phrase through a lawyer or encrypted document stored securely."Otherwise, more lost bitcoin could mean even higher prices for the crypto.

The under-the-radar bull case for bitcoin that's got nothing to do with the election or the Fed

<ul class="summary-list"><li>US stocks were mostly lower Friday, though the Dow eked out a gain to close at a record high. </li><li>The Federal Reserve's first interest rate cut since 2020 helped drive the week's gains.</li></ul>US stocks closed mostly lower on Friday, but finished the week higher by just over 1% for the <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a>, <a target="_blank" class="" href="https://markets.businessinsider.com/index/nasdaq_100">Nasdaq 100</a>, and <a target="_blank" class="" href="https://markets.businessinsider.com/index/dow_jones">Dow Jones Industrial Average.</a>The Dow edged slightly higher in Friday's session to clinch another record close to cap off the week. The anticipation and delivery of the <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/fed-interest-rate-cut-ai-stocks-nvidia-broadcom-asml-tech-2024-9">Federal Reserve's first interest rate cut since 2020</a> helped drive the gains this week.The Fed issued a jumbo 50 basis point interest rate cut to "recalibrate" monetary policy, as Fed Chairman Jerome Powell put it nine times during his FOMC speech on Wednesday.Investors took the move as assurance that the US economy is on track for a soft landing, as inflation continues to cool and the labor market normalizes.US stocks <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-today-record-high-federal-reserve-tech-stocks-nvidia-2024-9">soared on Thursday</a> after declining slightly on Wednesday, as investors had more time to digest the Fed's interest rate decision.Going forward, there should be more gains in store for the stock market, according to Raymond James CIO Larry Adam."The combination of Fed easing, and a soft landing should prove to be a tailwind for risk assets (equities in particular). Historically, Fed easing cycles have been positive for the equity market. In fact, the S&amp;P 500 has been up ~5% on average in the 12 months following the Fed's first cut," Adam said in a note on Friday.The S&amp;P 500 and Dow Jones Industrial Average both hit record highs on Thursday. But those record highs could become a liability if the economy weakens, according to Adam."With the S&amp;P 500 rallying to record levels and currently at some of the most expensive valuations (23.5 LTM P/E) that we have seen in history, there is not much room for disappointment if the soft-landing scenario were to falter," Adam said.Here's where US indexes stood at the 4:00 p.m. closing bell on Friday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,702.63, down 0.19% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 42,061.85, up 0.09% (+36.66 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 17,948.32, down 0.36%</li></ul>Here's what else happened today:<ul><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/djt-stock-price-record-low-donald-trump-lockup-expiration-sell-2024-9">Trump Media stock plunged to a record low as the lockup period for insiders expires, giving them clearance to sell shares.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/home-depot-lowes-stock-fed-rate-cut-benefit-2024-9">Home Depot and Lowe's are already seeing the benefits from the Fed's first interest rate cut.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/interest-rates-fed-cuts-recession-us-economy-outlook-1995-2024-9">The Federal Reserve is following its 1995 playbook, which is great news for both the stock market and the economy.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/commodities/russia-oil-sanctions-west-ukraine-war-economy-revenue-blacklisted-ships-2024-9">Sanctioned tankers are back to transporting Russian oil in a blow to the West's efforts to restrict crude flows.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/bubble-risks-rate-cut-bonds-gold-bofa-hartnett-federal-reserve-2024-9">Investors should buy bonds and gold as post-rate cut bubble risks remain, according to Bank of America.</a></li><li>A bear and a bull on Wall Street offered differing opinions as to where stocks go over the next three months:<a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-strategist-warns-correction-soon-tech-bubble-risk-2024-9"> either 12% lower</a> or <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-bmo-raises-year-end-sp500-price-target-2024-9">7% higher.</a></li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil decreased 0.10% to $71.09 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, dropped 0.39% to $74.59 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> was up 1.17% to $2,645.30 an ounce.</li><li>The 10-year Treasury yield was higher by 2 basis points at 3.733%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> was down 0.11% to $62,894.</li></ul>

Stock market today: US stocks end mixed but finish the week near record highs after the Fed's first rate cut in 4 years

<ul class="summary-list"><li>Stocks rose on Wednesday as traders waited for key updates on Fed policy and the US job market.</li><li>The Fed will release minutes from its July meeting, offering investors more insight into its thinking on rates. </li></ul>US stocks edged higher on Wednesday as traders looked forward to the release of the Fed's meeting minutes and revised jobs data. All three benchmark indexes ticked higher in early morning trading, while bond yields slumped.The central bank will release the minutes from its July policy meeting Wednesday afternoon, which will provide further clues about what officials are thinking about the economy and the path of interest rates. Traders are still betting on hefty rate cuts by year-end, with markets pricing in a 67% chance the Fed could cut rates 100 basis points or more by December, per the <a target="_blank" class="" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">CME FedWatch</a> tool.The Bureau of Labor Statistics, meanwhile, will release its estimates for its Preliminary Benchmark Revision to Establishment Data Wednesday morning at 10 a.m. ET, which will include revised jobs data from April 2023 through March 2024. Commentators say they are expecting the report to reveal that the US <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/job-market-revisions-shake-up-fed-stock-market-this-week-2024-8">created fewer jobs over the 12-month period</a> than previously indicated, which could also influence the path of rate cuts this year."We have long warned that the jobs numbers were unreliable and subject to dramatic revision. No investment decisions should be made on these numbers," Nancy Tengler, the chief investment officer of Laffer Tangler Investments, said in a note. "Our bet? They will be revised as they have been month after month," she added, referring to recent downwards revisions to payrolls.Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Wednesday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,609.20, up 0.22%</li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 40,921.63, up 0.21% (+86.66 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 17,854.41, up 0.23% </li></ul>Here's what else is going on today:<ul><li><a target="_blank" class="" href="https://www.businessinsider.com/wall-street-political-contributions-by-name-for-trump-vs-harris-2024-8">How Trump vs. Harris is playing out on Wall Street. </a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/nvidia-stock-price-surge-765-billion-market-value-8-days-2024-8">Nvidia added $765 billion to its market value</a> in less than two weeks.</li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/commodities/china-ev-oil-demand-natural-gas-tesla-electric-vehicles-goldman-2024-8">China's EVs are fueling a big oil demand slowdown</a>.</li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil ticked higher 0.5% to $73.57 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, rose 0.39% to $77.50 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> edged lower to $2,509.38 per ounce.</li><li>The 10-year Treasury dipped one basis point to 3.807%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> was down 1.73% to $59,571.</li></ul>

You Searched For "us fed" and got 12 results

Stocks might 'go nowhere' for the rest of this year amid Fed uncertainty and US debt concerns, market vet says

Jennifer Sor

Stock market today: US stocks trade mixed with Fed minutes and rate outlook in focus

Jennifer Sor

Stock market today: Indexes fall as Powell says the Fed is in no hurry to cut interest rates

Kelly Cloonan

Stock market today: Indexes tumble after Fed comments dent December rate-cut odds

Filip De Mott

Stock market today: Stocks extend post-election rally as the Fed cuts interest rates

Kelly Cloonan

Stock market today: Stocks edge higher after huge rally as traders await Fed decision

Kelly Cloonan

The bond market is selling off after traders got their Fed forecasts wrong

Matthew Fox

Simply Put: Boom or bust — how RBI’s decision to leave rates unchanged affects homebuyers

Ira Alok Puranik

Stock market today: US stocks edge higher as investors assess path of Fed rate cuts

Matthew Fox

The under-the-radar bull case for bitcoin that's got nothing to do with the election or the Fed

Matthew Fox

Stock market today: US stocks end mixed but finish the week near record highs after the Fed's first rate cut in 4 years

Matthew Fox

Stock market today: US stocks tick higher as traders await Fed minutes and jobs data

Jennifer Sor

Popular Keywords

Buying Guides