IVV News and Press, iShares Core S&P 500 From 07/12/24

2024-07-12 04:50:00 ET Summary The evidence supporting multiple Fed rate cuts is now solid. Owners' equivalent rent makes up about one-third of the CPI index and this has been adding significantly to the rise in the CPI index until this month. Treasury yields tend to track inf...

2024-07-12 04:12:00 ET Summary US CPI has settled down to rate-cut territory. First May, now June. Ahead July, and if that’s in the same vein, Treasuries can continue to anticipate cuts from the Fed. The ECB will unlikely commit to a September cut next week, but will al...

2024-07-12 03:50:00 ET Summary US economic growth has been good, but it could have been so much better had businesses not been as cautious on investment. Economic and political uncertainty and high borrowing costs appear to be the main reasons for businesses not wanting to put mon...

2024-07-12 00:15:00 ET Summary Inflation cooled for a third straight month in June, dropping to its lowest level in a year. According to the Bureau of Labor Statistics, the headline figure for the Consumer Price Index fell to 3.0% year-over-year, while core CPI cooled to 3.3%. ...

2024-07-11 22:55:00 ET Summary The June CPI reading puts the Federal Reserve (Fed) on the path for a September rate cut. June’s number shows a broad weakening in price pressures and is a convincing and consistent sign that inflation has resumed its downward path. Headli...

2024-07-11 15:17:36 ET More on the markets Yardeni lifts 2024 S&P target to 5,800, sees 'Roaring 2020s' view enhanced by rate cuts Mag 7 weakness, soft earnings weigh on Nasdaq, S&P; Treasurys rally after CPI data Tesla falls on reports that the robotaxi even...

2024-07-11 13:36:00 ET Summary Companies will be updating their annual revenue and earnings guidance, providing tangible outlooks for the U.S. and global economies. The FOMC’s outlook for inflation has become more uncertain, despite the need for more certainty about inflati...

2024-07-11 13:28:46 ET More on the markets and the economy Mag 7 weakness, soft earnings weigh on Nasdaq, S&P; Treasurys rally after CPI data Odds of September rate cut surge to nearly 90% Weak CPI Data Is Bad News For Stocks And Growth U.S. Stocks Look O...

2024-07-11 13:20:00 ET Summary In June 2024, the AIER Everyday Price Index declined 0.17 percent to 290.4. The largest monthly price increases among EPI constituents occurred in tobacco and smoking products, recreational reading materials, and housing fuels and utilities. The ...

2024-07-11 12:28:05 ET Summary The CPI report came in weaker than expected, falling by 0.1% and climbing by 3.0% y/y, missing estimates. Change in CPI trend indicates slower nominal growth, potentially pushing the US economy closer to recession. Slower nominal growth ahead bec...