POLL Should Tesla shareholders once again bless CEO Elon Musk's pay package proposal? NYSE American - Delayed Quote • USD PowerShares Exchange-Traded Fun (^DJD) Follow 0.0000 0.0000 (0.00%) Related News AI, value investing, Casey's CEO on earnings: Asking for a Trend On today's episode of Asking for a Trend, host Josh Lipton navigates through an array of topics, ranging from the transformative power of AI to the latest market trends and corporate earnings. With the growing adoption of generative AI, Dialpad Founder and CEO Craig Walker joins to discuss the pivotal role AI plays in revolutionizing business communications. Next, Casey's CEO Darren Rebelez sits down to talk about the retail chain and gas station operator's impressive fiscal fourth-quarter earnings beat. Shifting gears to the market at large, Yahoo Finance's Julie Hyman breaks down the intricacies of value investing, and Alexandra Canal highlights the top market trends of the day. This post was written by Angel Smith Inflation was the day's real market mover, not Fed policy Markets (^DJI, ^IXIC, ^GSPC) had a lot to digest today, with the release of the May CPI report in the morning followed up by the Federal Reserve's decision to maintain interest rates steady in the afternoon. BNP Paribas Managing Director and Senior Multi-Asset Specialist Mark Howard joins Market Domination to provide his insights into market outlooks in the wake of these pivotal events. Howard emphasizes that "the bigger news" was the inflation data rather than the Fed's expected rate policy, stating CPI "was the real mover" of markets. The report not only triggered a rally in tech stocks and provided relief to Treasury yields but also "opened the door perhaps to a September rate cut." Although the Fed signaled a potential rate cut in December, Howard suggests that "it was a positive day" overall for the markets. "If we entered the day expecting three cuts, and we're leaving the day expecting just one cut, then we're that much closer to the rates actually not getting cut at all," Howard tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith A September rate cut is 'too close' to election: Strategist The Federal Reserve announced its decision to hold interest rates steady, a move that followed the release of the Consumer Price Index (CPI) report, which remained unchanged in May. To discuss his perspective on Federal Reserve rate cut expectations, Bahnsen Group chief investment officer David Bahnsen joins Market Domination. Bahnsen notes that the markets are "relieved that there wasn't bad news" in the wake of the CPI data and the Fed's decision. He acknowledges that while these economic indicators initially sparked slight volatility, the markets are reverting to "normal" as they realize that the Fed will not be cutting rates imminently and corporate earnings remain robust. Turning his attention to the prospect of the Federal Reserve initiating a rate cut this year, Bahnsen says: "They won't cut in September, but they will still take out fifty from the curve by the end of the year." He elaborates, stating, "And the reason for that is that they couldn't cut in July... I think they would've cut a second time in September but not a first time, because now it's just too close to the election." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith Fed 'dot plot' has 'enormous' utility: Fmr. Dallas Fed pres. The Federal Reserve has left interest rates unchanged as inflation continues to cool. Former Dallas Federal Reserve Bank president and Goldman Sachs Vice Chairman Robert Kaplan joins Market Domination to discuss the state of inflation and when an interest rate cut may occur. "I think they're well positioned. People have to remember that we've got very restrictive monetary policy, but you have pretty accommodative fiscal policy that's blunting some of that monetary policy. That's part of the reason why the economy's remained resilient," Kaplan explains. He adds that the Fed is getting prepared to cut rates potentially in September as more economic data provides a clearer inflation picture. As the Fed continues to remain cautious, Kaplan continues, "If all you had was restrictive monetary policy, I'd have a lot more confidence that we're going to see a slowing in the economy. But we don't have just that. We have accommodative fiscal policy. We've got these open-ended spending programs like the Inflation Reduction Act, CHIPS Act, and the Infrastructure Act. We also have globalization that has become deglobalization, which is increasing costs. You have a very expensive energy transition, and remember, we've got an aging society, so we've got shortages of labor, particularly in the service sector. And so how these crosscurrents play out, there's really not a textbook for it." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl Fed 'dot plot' suggests central bank will cut interest rates one time in 2024, down from 3 cuts in March Central bank officials predict changes to come with interest rates expected to tick down to 5.1% this year. Fed Chair Powell under political pressure to cut rates As investors await Federal Reserve Chair Jerome Powell's highly anticipated press conference, the central bank is under mounting political pressure to implement rate cuts. Notably, numerous Democratic policymakers have taken to sending letters to Chairman Powell, urging him to lower interest rates. Yahoo Finance's Rick Newman breaks down the details, shedding light on the political pressures the central bank faces. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith May CPI, Fed decision, Apple's record high: 3 Things Stock futures (^DJI, ^IXIC, ^GSPC) are getting a lift from this morning's CPI (Consumer Price Index) print that saw inflation slow in the month of May. Though a welcomed sign, the cooling inflation data may not be enough to convince the Federal Reserve to cut interest rates in its June FOMC meeting. Fed officials are expected to hold rates higher for longer with their official decision coming at 2 P.M. ET followed by a press conference with Chair Jerome Powell. Apple (AAPL) shares reached an all-time high in Tuesday's session coming off of its AI announcements made at the company's Worldwide Developers Conference (WWDC). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan. Analysis-Fed meeting, benign inflation keep soft landing hopes alive Soft landing hopes that have powered U.S. stocks this year received a boost following encouraging inflation data and a nod from the Federal Reserve at progress made in fighting consumer prices. Expectations for a so-called soft landing, in which the Fed is able to tame inflation and eventually cut interest rates while growth remains resilient, have been a key factor in the S&P 500's march to record highs in 2024. A string of higher than expected inflation prints challenged that narrative earlier this year. Japanese Shares Fall Before Friday’s BOJ Decision: Markets Wrap (Bloomberg) -- Japanese shares extended this week’s declines before Friday’s central bank interest-rate decision. Most other Asian stocks gained after slowing US inflation data boosted US equities. Most Read from BloombergHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.US Inflation Broadly Cools in Encouraging Sign for Fed OfficialsFed Officials Dial Back Rate Forecasts, Signal Just One ‘24 CutApple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not CashStock Bull Run Breaks Rec Fed officials' latest interest rate outlook may roil stocks The central bank can't see doing more than one rate cut this year. Meanwhile, stocks are starting to look pricey. Bond Market Splits From Fed Again by Betting on 2024 Rate Cuts (Bloomberg) -- Bond traders loaded back up on interest-rate-cut bets — and even the pushback coming out of the Federal Reserve did little to shake their conviction.Most Read from BloombergHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.US Inflation Broadly Cools in Encouraging Sign for Fed OfficialsFed Officials Dial Back Rate Forecasts, Signal Just One ‘24 CutApple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not CashStock Bull Run Breaks Record on Fed Decision Day: Markets W Dow Jones Futures: Stocks Hit Highs Despite This Fed Rate Shift; Broadcom Jumps Late Apple, Microsoft and Nvidia led the S&P 500 and Nasdaq to fresh highs despite a hawkish Fed. Broadcom jumped late on earnings. What Will the Q2 Earnings Season Show? The setup for the Q2 earnings season, whose early reports have started trickling in, is one of continued resilience coupled with a steadily improving outlook. Biden win would benefit bonds, Trump better for growth, says Morgan Stanley CIO Bond markets would likely benefit if U.S. President Joe Biden is re-elected as his administration will try to raise taxes to offset some of the government spending, Morgan Stanley's chief investment officer said on Wednesday. However, under the scenario that former President Donald Trump were to win the Nov. 5 election, it "would be better for growth but worse for bonds", Morgan Stanley CIO Michael Wilson told the Reuters Global Markets Forum. Asian stocks rise as tech tracks Wall St rally; Hawkish Fed limits gains Investing.com-- Most Asian stocks rose on Thursday as the technology sector tracked an overnight rally on Wall Street, although overall gains were limited after the Federal Reserve slashed its outlook for interest rate cuts. Rally in Stocks and Bonds Will Power Past a Hawkish Fed, Survey Shows (Bloomberg) -- Investors shed their fears of a hawkish Federal Reserve, according to Bloomberg’s latest Markets Live Pulse survey, signaling that slower inflation means a soft landing remains in play.Most Read from BloombergHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.US Inflation Broadly Cools in Encouraging Sign for Fed OfficialsFed Officials Dial Back Rate Forecasts, Signal Just One ‘24 CutApple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not CashStock Bull Run Breaks R Where Will ServiceNow Stock Be in 3 Years? The leader in digital workflow services still has a bright future. Why V.F. (VFC) Outpaced the Stock Market Today The latest trading day saw V.F. (VFC) settling at $13.80, representing a +1.92% change from its previous close. Shell (SHEL) Advances But Underperforms Market: Key Facts In the most recent trading session, Shell (SHEL) closed at $70.41, indicating a +0.17% shift from the previous trading day. Lucid Group (LCID) Stock Sinks As Market Gains: Here's Why The latest trading day saw Lucid Group (LCID) settling at $2.65, representing a -0.56% change from its previous close.