The Latest Breaking News from US Federal Reserve

Investors are keeping tabs on Beijing after Chinese leaders' latest measures to kickstart the economy fell short of expectations, with weak retail sales data Monday reinforcing the need for more support.

Global markets show mixed movements as investors await central bank decisions. U.S. stocks close varied, with S&P 500 and Nasdaq rising.

The S&P 500 Index ($SPX ) (SPY ) Monday closed up (+0.38%), the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.45%. Dec E-mini S&P futures (ESZ24 ) are up +0.33%, and Dec E-mini Nasdaq futures...

Two of the three main equity indexes closed higher on the first day of the final Fed Week of 2024.

The dollar index (DXY00 ) Monday fell by -0.14%. Strength in stocks on Monday curbed liquidity demand for the dollar. Losses in the dollar were contained after T-note yields moved higher and strengthened the dollar’s interest rate differentials. Monday’s US economic news was mixed for the dollar as a gauge...

It appears Fed staff are erring on the side of caution, according to the New York Times, which cited people familiar with the matter.

The Bank of England and the US Federal Reserve will make calls on interest rates later in the week.

The S&P 500 Index ($SPX ) (SPY ) today is up (+0.41%), the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.94%. Dec E-mini S&P futures (ESZ24 ) are up +0.40%, and Dec E-mini Nasdaq futures...

The dollar index (DXY00 ) today is up by +0.06%. The dollar today recovered from early losses and is slightly higher on weakness in the euro and yen. The dollar today initially posted modest losses due to a decline in T-note yields. Also, strength in stocks today has curbed liquidity...