Fears of elevated interest rates dampened the mood on Wall Street at the start of this year–but cooling core inflation and dovish comments by Federal Reserve governor Christopher Waller have given investors reason to feel a bit more cheerful this week.

Stocks struggled to make headway after a solid rally, while bond yields dropped on dovish remarks from Federal Reserve Governor Christopher Waller.

The Fed is anticipated to hold its benchmark overnight rate steady in the 4.25 per cent-4.50 per cent range at its meeting later this month, but investors had expected the pause to last June

A top policymaker at the US Federal Reserve says that he still supports reducing interest rates this year, despite elevated inflation and the prospect of widespread tariffs.

Federal Reserve Governor Christopher Waller doubled down on more rate cuts and cooling inflation following higher price projections from the central bank and growing expectations among investors ...

The S&P 500 turned positive in late morning trade on hopes that more rate cuts from the Federal Reserve might still on the table for 2025. Fed governor Christopher Waller said he sees potential for up to four more cuts this year,

Fed-funds futures traders inched closer to an almost 50% chance that the Federal Reserve will cut its benchmark interest rate by May, after Fed governor Christopher Waller told CNBC he sees a possibility of three to four reductions this year.

By Howard Schneider, Ann Saphir WASHINGTON (Reuters) -Inflation is likely to continue to ease and possibly allow the U.S. central bank to cut interest rates sooner and faster than expected, Federal Reserve Governor Christopher Waller said on Thursday in comments that pushed against recent market moves that anticipate a shallower Fed rate path.

Gold held firm near a five-week high on Friday and was set for a third straight week of gains, as U.S. inflation data released earlier this week raised expectation that the Federal Reserve might cut interest rates further this year. Spot gold was flat at $2,715.09 per ounce, as of 0332 GMT. Bullion has gained about 1% so far this week.

Dow, S&P 500, and Nasdaq futures are rising in premarket trading Friday on the last day of Joe Biden's presidency as the stock market braces for change under Donald Trump.

Treasury yields were little changed on Friday after sharply falling earlier in the week, as investors assess the U.S. inflation outlook. The 10-year Treasury was up one basis point at 4.617%. The 2-year Treasury yield inched up 4 basis points at 4.