The financial news that actually matters
U.S. Treasury yields have been moving higher even as the Federal Reserve has begun trimming short-term interest rates, a combination that has forced investors to rethink the idea that lower policy rates automatically lead to cheaper long-term borrowing. By mid-December, the message from the bond market had become harder to ignore. Traders were no longer…
The S&P 500 closed at 6,118.71 on January 23, 2025, finishing above 6,100 for the first time in the index’s history. The move gave Wall Street another clean milestone in a market that had already spent months grinding to fresh highs, and it did so with a familiar cast at the center of the action:…
American consumers appear to have carried solid spending momentum into November as the holiday shopping season moved into full swing, with early retail signals pointing to another healthy month for household demand. The official government reading on personal spending had not yet been released, but the available evidence suggested shoppers were still spending at a…