\Dow contracts touched a record high on Monday, leading gains among U.S. stock index futures, fueled by investor optimism over Scott Bessent's nomination as Treasury Secretary. Donald Trump ended weeks of speculation when he named his choice late on Friday, with some investment strategists saying Bessent could take measures to restrain further government borrowing.
Open FlipA money market account (MMA) can be an attractive option for savers who want a safe place to store their funds. Money market accounts offer higher interest rates than traditional savings accounts, with some top accounts currently offering up to 5% APY, making it a attractive option for savers, but rates vary widely, so it's essential to shop around and compare rates before opening an account.
Open FlipA stock-market rally boosted by President-elect Donald Trump’s victory is set to put upward pressure on the Federal Reserve’s preferred inflation gauge, which in turn could keep interest rates elevated. Services inflation has been a relatively stubborn component of the overall PCE index, which is seen rising 0.2% in October from the prior month and 2.3% from a year ago in data due Wednesday.
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