Wall Street seems to be ignoring the potential economic impact of a government shutdown. Investors are focusing on favorable financials, IT, and industrials despite the uncertainty. The Fed is data-dependent.
Gold prices are soaring, currently at $3,696/ounce. Experts like Peter Schiff and James Turk foresee more gains due to Fed policies fueling inflation. Silver is also expected to outperform gold. Market indices are down.
Financial experts react to the Fed's 25bps rate cut, highlighting stagflation risks and debate on central bank independence. Concerns raised about future inflation and unemployment.
Mortgage rates in the United States have stayed high in recent months, which has an impact on people who want to renew their loans or purchase a property.
(Reuters) - U.S. stock index futures were range-bound on Wednesday as investors stayed on the sidelines ahead of a pivotal inflation reading due later in the day that could influence the Federal Reserve's policy decision this month.
(Reuters) - U.S. investors snapped up equity funds for a third successive week through Nov. 20, buoyed by optimism over rising corporate earnings expectations, although the inflows were restrained due to a cautious Federal Reserve rate outlook and geopolitical tensions between Russia and the West.
