Wall Street facing potential volatility due to concerns over slower rate cuts and retail sales data

From Investing.com: 2024-11-15 06:36:00

US stocks are on track for a weekly loss as Fed Chairman Powell’s comments add to fears of a slower pace of rate cuts. The dollar fails to hit new highs, with US retail sales data awaited. The yen and euro see gains, while the pound lags behind. Expectations for a December rate cut have dropped to 63%, and Treasury yields and the dollar see only modest boosts. Wall Street slips, with Tesla shares down 5.8%, but Disney soars 6.2% on strong streaming profits. US retail sales data will be crucial in shaping market expectations.



Read more at Investing.com: Wall Street Weighs Risks: How Will You Prepare for Potential Volatility?