Skip to main content

Featured

5 Things to Know Today: Fed Decision Looms, TSX Slides, Gas Prices Climb (Sept 16)

  Wednesday, September 16, 2026 The Fed's biggest decision in years lands at 2 p.m. ET today, the TSX and loonie are both licking their wounds, and drivers are paying more at the pump despite the gas tax holiday. Here's what's moving your money this morning. 1. The Fed Decides on Rates Today — and a Hike Looks All but Certain The Federal Reserve announces its rate decision at 2 p.m. ET, with Chair Kevin Warsh's press conference to follow at 2:30 p.m. Markets have priced in over 90% odds of a 25-basis-point hike, which would lift the target range to 3.75%–4.00% from 3.50%–3.75%, where it's sat since December. It would be the first hike of this cycle, driven by inflation still running above target even as the labour market holds up. What it means for you: A Fed hike widens the gap with the Bank of Canada's 2.25% rate, which tends to pressure the loonie lower and nudge Canadian bond yields — and by extension fixed mortgage pricing — upward. Watch for the reaction ...
Post a Comment
Read more

article

Labels

Wall Street Nervously Awaits Key Inflation Data

 

Wall Street is treading cautiously today as investors eagerly anticipate the latest inflation report. The Federal Reserve’s hawkish stance on monetary policy has kept the market on edge, and this data release could provide crucial insights.

What’s Happening?

  • Modest Losses: Futures for the S&P 500 and the Dow Jones Industrial Average are down by 0.3% ahead of the opening bell. Despite this, Wall Street remains on track for a positive February, even after a somewhat challenging week.

  • Inflation Focus: The Commerce Department is set to release its report on consumer spending, which includes a closely watched measure of inflation. The Federal Reserve has recently paused its interest rate hikes after raising rates to a 22-year high. The central bank’s primary goal is to manage inflation, and any surprises in today’s data could impact their next moves.

  • Analyst Expectations: Economists predict that year-over-year inflation ticked down in January to 2.3%, compared to December’s 2.6%. The Fed’s target is 2%, so any deviation from this level will be closely scrutinized.

  • Corporate Highlights: Processed food maker Hormel surprised the market by beating profit targets, leading to a nearly 5% premarket jump. However, cloud-computing company Snowflake faced a different fate, plummeting over 22% after announcing the immediate retirement of CEO Frank Slootman. Sridhar Ramaswamy will take the reins.

  • Global Markets: In Europe, Germany’s DAX and Britain’s FTSE 100 are showing resilience, each adding 0.4%. Tokyo’s Nikkei 225 index closed 0.1% lower, with factory output declining at the fastest pace since May 2020.

Investors are keeping a close eye on inflation data, hoping for clarity on the Fed’s next steps. As the market navigates uncertainty, it remains to be seen how Wall Street will react to the numbers. Stay tuned for further updates!


Labels:

Comments

Post a Comment