Economy & Fed
Inflation, jobs, growth and the Federal Reserve.
· Economy & Fed
Homebuilder stocks rally as Treasury yields fall on AI spending doubts
Homebuilder shares surged on Thursday as investors moved money from AI-linked stocks into Treasuries, pulling the 10-year yield down to 4.96% and raising the prospect of cheaper mortgages.
· Economy & Fed
Equifax cuts revenue outlook as inflation squeezes lower-income households
Equifax beat third-quarter profit estimates but lowered its full-year revenue outlook, warning that inflation is squeezing lower-income Americans and that the U.S. mortgage market remains weak.
· Economy & Fed
Dell tumbles as hot producer prices lift Fed hike bets
Dell shares and chip stocks fell after September producer prices rose faster than economists expected, lifting bets on a Federal Reserve rate hike. The Dow gained as money moved to steadier companies.
· Economy & Fed
Consumer inflation runs hotter than forecast, keeping Fed hike bets alive
Consumer prices rose faster than economists forecast in September, led by gasoline, keeping another Fed rate hike in play before the Oct. 28 decision and pushing stocks lower.
