central banking system of the United States
Stock market today: S&P 500 hits 4-day losing streak as tech drops: The S&P 500 notched its fourth-straight day of losses as Nvidia, Meta, and other tech names ...
markets.businessinsider.com/news/stocks/stock-market-today-sp500-tech-fed-rate-cuts-outlook-inflation-powell-2024-4
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Fed Chair Powell says there has been a 'lack of further progress' this year on inflation
cnbc.com/2024/04/16/powell-cites-lack-of-progress-this-year-in-reaching-feds-inflation-goal.html
Fed's Loretta Mester Expects Inflation to Fall Further: Federal Reserve Bank of Cleveland President Loretta Mester said monetary policy is in a good place ...
bloomberg.com/news/articles/2024-04-17/mester-says-fed-can-hold-rates-steady-not-in-a-hurry-to-cut
Why Is US Inflation Still High? Blame Powell Pivot, Housing Shortage: This was supposed to be the year that US inflation rode the last mile down to 2% ...
bloomberg.com/news/articles/2024-04-17/inflation-s-stubborn-start-to-2024-blamed-partly-on-powell-pivot
Paid articlePaid
Fed Interest-Rate Cut Is Not Likely Until End of Year, Raphael Bostic Reiterates: Federal Reserve Bank of Atlanta President Raphael Bostic said he’s comfortable ...
bloomberg.com/news/articles/2024-04-18/bostic-says-fed-can-be-patient-cut-not-likely-until-end-of-year
Paid articlePaid New York Fed Says Quantitative Tightening Could Stop in 2025: The US central bank could halt the unwind of its balance sheet in 2025, according to Federal ...
bloomberg.com/news/articles/2024-04-17/new-york-fed-says-quantitative-tightening-could-stop-in-2025
Paid articlePaid Citi (C) Holds Call for 125 Basis Points of Fed Rate-Cuts in 2024: Economists at Citigroup Inc. are going out on a limb by wagering that virtually everyone on ...
bloomberg.com/news/articles/2024-04-17/citigroup-says-wall-street-is-wrong-to-slash-fed-rate-cut-bets
Gold Seen Hitting $3,000 at Citi on Investor Inflows and Fed Expectations: Gold is set to reach $3,000 an ounce over the next six to 18 months on increasing ...
bloomberg.com/news/articles/2024-04-16/gold-seen-hitting-3-000-at-citi-as-investor-inflows-juice-rally
Paid articlePaid Fed’s John Williams Sees No Rush o Cut Interest Rates: Federal Reserve Bank of New York President John Williams said that there’s no rush to lower interest rates ...
bloomberg.com/news/articles/2024-04-18/new-york-fed-s-williams-sees-no-urgency-to-cut-interest-rates
Paid articlePaid Powell’s US Rates Warning Means Headaches for Rest of the World: Federal Reserve Chair Jerome Powell is making life tougher for his peers around the world as the ...
bloomberg.com/news/articles/2024-04-17/powell-s-us-rates-warning-means-headaches-for-rest-of-the-world
Paid articlePaid IMF Urges Asia’s Central Banks to Avoid Closely Tracking Fed: The International Monetary Fund cautioned Asian central banks against prioritizing what they think ...
bloomberg.com/news/articles/2024-04-18/imf-urges-asia-s-central-banks-to-avoid-closely-tracking-fed
US Bond Yields Climb on Interest-Rate Hike Mention by Fed’s Williams: The US bond market’s recovery from the year’s highest yield levels was cut short Thursday ...
bloomberg.com/news/articles/2024-04-18/bonds-stumble-on-mere-mention-of-fed-rate-hike-by-williams
Paid articlePaid Fed May Not Cut Interest Rates at All This Year, JPMorgan's Daniel Pinto Says
bloomberg.com/news/articles/2024-04-18/relatively-high-chance-of-no-rate-cuts-this-year-jpmorgan-s-pinto-says
Fed’s Daly Says No Urgency to Cut, Policy in a Good Place: Federal Reserve Bank of San Francisco President Mary Daly reiterated there’s no urgency to adjust ...
bloomberg.com/news/articles/2024-04-16/fed-s-daly-says-no-urgency-to-cut-policy-in-a-good-place
Paid articlePaid Fed’s Jefferson Sees Steady Interest Rate Helping to Push Down Inflation: Federal Reserve Vice Chair Philip Jefferson said he expects inflation will continue to ...
bloomberg.com/news/articles/2024-04-16/fed-s-jefferson-sees-steady-interest-rate-helping-to-push-down-inflation
Paid articlePaid BPI’s Bill Nelson Sees Fed Pushing Reserves Below Resistance Point: As the Federal Reserve shrinks its balance sheet, there’s a chance policymakers will keep ...
bloomberg.com/news/articles/2024-04-17/bpi-s-nelson-sees-fed-pushing-reserves-below-resistance-point
Recent Data Support Rates Staying Higher for Longer: Fed Vice Chair
barrons.com/articles/rate-cuts-fed-vice-chair-jeffersin-ae880630
Paid articlePaid US Economy Has 'Expanded Slightly' Since Late February, Fed Beige Book Says
bloomberg.com/news/articles/2024-04-17/us-economy-expands-slightly-inflation-modest-fed-beige-book
Mortgage Rates Pass 7% for First Time in 2024: The average 30-year fixed mortgage rate this week was 7.1%, according to Freddie Mac.
barrons.com/articles/mortgage-rates-pass-7-percent-a68234b4
Paid articlePaid Stand Pat: The Bloomberg Close, Americas Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-16/stand-pat-the-bloomberg-close-americas-edition
Paid articlePaid Fed’s Williams Still Expects Rate Cuts to Begin This Year: Federal Reserve Bank of New York President John Williams said the central bank will likely start ...
bloomberg.com/news/articles/2024-04-15/williams-says-fed-likely-to-start-lowering-rates-this-year
Paid articlePaid ECB’s Vasle Sees Limit to How Far Lagarde’s ECB Can Diverge From Powell and Fed: The European Central Bank can’t fully disregard inflation dynamics and monetary ...
bloomberg.com/news/articles/2024-04-18/ecb-s-vasle-sees-limit-to-how-far-lagarde-s-ecb-can-diverge-from-powell-and-fed
Paid articlePaid Stock Market Today: Dow, S&P Live Updates for April 17: Stocks in Asia were set for a mixed open following hawkish comments by Jerome Powell that helped fuel a ...
bloomberg.com/news/articles/2024-04-16/stock-market-today-dow-s-p-live-updates
Gold (XAUUSD) Holds Near Record as Traders Overlook Delayed Cuts Scenario: Gold held near a record-high, even as as investors weighed a shift in messaging from ...
bloomberg.com/news/articles/2024-04-17/gold-xauusd-holds-near-record-as-traders-overlook-delayed-cuts-scenario
Paid articlePaid Fed’s Beige Book Holds Clues to Predicting Downturn, Study Shows: A trove of anecdotes on the economy gathered by the Federal Reserve over five decades may hold ...
bloomberg.com/news/articles/2024-04-17/fed-s-beige-book-holds-clues-to-predicting-downturn-study-shows
Paid articlePaid 'As Long As Needed': The Bloomberg Open, Europe Edition: Good morning. Jerome Powell says the Fed can wait as long as needed before cutting rates ...
bloomberg.com/news/newsletters/2024-04-17/-as-long-as-needed-the-bloomberg-open-europe-edition
Paid articlePaid Dollar Power: Fed's Higher-for-Longer Is Turning the Currency Screws: Powell makes clear that the Fed won’t cut soon. The dollar is turning the screws ...
bloomberg.com/opinion/articles/2024-04-17/dollar-power-fed-s-higher-for-longer-is-turning-the-currency-screws
Paid articlePaid SOFR Futures: Traders Pile Into Contrarian Bet of Aggressive Fed Easing: Traders in the interest-rate futures market are piling into a contrarian bet that would ...
bloomberg.com/news/articles/2024-04-17/traders-pile-into-contrarian-bet-that-fed-will-front-run-cuts
Paid articlePaid The Lowest Pay US Workers Will Accept for a New Job Soars: The lowest compensation that job searchers are willing to accept for a new position increased to the ...
bloomberg.com/news/articles/2024-04-15/the-lowest-pay-us-workers-will-accept-for-a-new-job-soars
Paid articlePaid Powell’s Warning: The Bloomberg Open, Asia Edition: Good morning. The Fed chief takes a hawkish turn. IMF gets a little more optimistic, but sees many threats ...
bloomberg.com/news/newsletters/2024-04-16/powell-s-warning-the-bloomberg-open-asia-edition
Paid articlePaid
Mortgage rates surge past 7%, reaching highest level since November: Mortgage rates soared this week, breaching the key 7% threshold and extending America’s home ...
cnn.com/2024/04/18/economy/mortgage-rates-7-percent/
A Texas appellate court upheld a decision to reject attorney disciplinary charges against Donald Trump ally Sidney Powell ...
reut.rs/3Q7IwBz
IMF Chief Kristalina Georgieva Says World Watching US Interest Rates, Policies: The head of the International Monetary Fund warned the US that the global economy ...
bloomberg.com/news/articles/2024-04-18/imf-boss-says-all-eyes-on-us-amid-risks-to-global-economy
Paid articlePaid US Two-Year Yield Climbs Past 5% to Highest Level Since November - Bloomberg: The US two-year yield rose past 5% to the highest level since November after ...
bloomberg.com/news/articles/2024-04-16/us-two-year-yield-climbs-past-5-to-highest-level-since-november
Paid articlePaid Treasury Yields Reach New 2024 Highs After March Retail Sales: Most US Treasury yields climbed to new year-to-date highs — and the 2-year note’s approached 5% — ...
bloomberg.com/news/articles/2024-04-15/treasury-yields-reach-new-2024-highs-after-march-retail-sales
Paid articlePaid Leveraged Loans Are Next to Face Higher-for-Longer Rates Stress: The US leveraged loan market, as yet unruffled by the shift to a higher-for-longer view on ...
bloomberg.com/news/articles/2024-04-18/leveraged-loans-are-next-to-face-higher-for-longer-rates-stress
Paid articlePaid Fed Rate-Cut Reluctance Will Limit ECB Leeway, Holzmann Says: The European Central Bank’s room for maneuver will be limited if sticky US inflation forces the ...
bloomberg.com/news/articles/2024-04-18/hesitant-fed-will-limit-ecb-leeway-on-rate-cuts-holzmann-says
Bonds Rebound: The Bloomberg Open, Asia Edition: Good morning. US bonds rise as traders move on from Powell. Russia builds new trade routes ...
bloomberg.com/news/newsletters/2024-04-17/bonds-rebound-the-bloomberg-open-asia-edition
Paid articlePaid Fed to cut rates in September and maybe once more this year - Reuters poll: The U.S. Federal Reserve will wait until September to cut its key interest rate ...
reuters.com/markets/us/fed-cut-rates-september-maybe-once-more-this-year-2024-04-18/
Emerging-Market Assets Sink to 2024 Low Amid Growth, Rate Risks: The benchmark index for emerging-market equities erased its 2024 advance and the gauge for ...
bloomberg.com/news/articles/2024-04-16/emerging-market-assets-sink-to-2024-low-amid-growth-rate-risks
Paid articlePaid Powell to Discuss Economy, Monetary Policy at Tuesday Event: Fed Chairman Jerome Powell will participate in a forum with Bank of Canada Gov. Tiff Macklem.
barrons.com/articles/fed-powell-speech-economy-inflation-rates-today-c6b764c3
Paid articlePaid US Rent Inflation Looms Over Potential Interest-Rate Cut: Rent increases are taking longer to moderate in the Northeast and Midwest than in the West and South.
bloomberg.com/news/articles/2024-04-18/us-rent-inflation-looms-over-potential-interest-rate-cut
Paid articlePaid Fed Hiking Rates to 6.5% Is ‘Real Risk’ for UBS Strategists: The combination of strong US growth and sticky inflation is raising the odds the Federal Reserve ...
bloomberg.com/news/articles/2024-04-15/fed-hiking-rates-to-6-5-is-real-risk-for-ubs-strategists
Paid articlePaid Emerging Markets With Strong Buffers Against US Dollar Shock: As the dollar’s strength roils developing markets, the good news is that many are now well prepared ...
bloomberg.com/news/articles/2024-04-18/emerging-markets-with-strong-buffers-against-us-dollar-shock
Paid articlePaid BOE May Be Able to Cut Interest Rates Before Fed, Andrew Bailey Suggests: Bank of England Governor Andrew Bailey hinted that the UK might be able to lower ...
bloomberg.com/news/articles/2024-04-16/bailey-hints-boe-might-be-able-to-cut-rates-before-fed-in-us
Summers Warns About Avoiding a ‘Large and Egregious Error’ in Monetary Policy: Inflation data show the Fed should leave rates where they are, he says
bloomberg.com/news/newsletters/2024-04-13/summers-warns-about-avoiding-a-large-and-egregious-error-in-monetary-policy
Five Things You Need to Know to Start Your Day: Americas: Good morning. US stocks are calmer after a slide to February lows and the Fed remains in no rush to cut ...
bloomberg.com/news/newsletters/2024-04-18/five-things-you-need-to-know-to-start-your-day-americas
Investor Sentiment: Watching 'Dumb Money' Could Be a Smart Move: Shifting views on economic landings may have thwarted the drop in inflation ...
bloomberg.com/opinion/articles/2024-04-18/investor-sentiment-watching-dumb-money-could-be-a-smart-move
Paid articlePaid Fed’s Mester Says Recent Inflation Means Longer Wait for Rate Cuts: Loretta Mester remains optimistic about inflation coming down this year.
barrons.com/articles/federal-reserve-mester-rate-cuts-be93b648
Paid articlePaid Bloomberg Evening Briefing: Tesla to Slash More Than 10% of Its Workforce: Get caught up.
bloomberg.com/news/newsletters/2024-04-15/bloomberg-evening-briefing-tesla-to-slash-more-than-10-of-its-workforce
Even China is wary of fighting the Fed as yuan limits rate space www.bloomberg.com/news/articles/2024-04-17/even-china-is-wary-of-fighting-the-fed-as-yuan-limits-rate-space
Bloomberg Evening Briefing: Are Fed Rate Hikes Behind the US Economic Boom?: Get caught up.
bloomberg.com/news/newsletters/2024-04-16/bloomberg-evening-briefing-are-fed-rate-hikes-behind-the-us-economic-boom
Supply Chain Latest: The Economic Costs of Protectionism: The economists are fighting back.
bloomberg.com/news/newsletters/2024-04-15/supply-chain-latest-the-economic-costs-of-protectionism
BlackRock’s Larry Fink Expects Fed to Cut Rates Once or Twice in 2024 - Bloomberg
bloomberg.com/news/articles/2024-04-12/blackrock-s-fink-expects-fed-to-cut-rates-once-or-twice-in-2024
Paid articlePaid Battered Treasury Bond Traders Adopt Show-Me Attitude to Avoid More Hits: Bond investors who were torched yet again by robust economic data now want clear and ...
bloomberg.com/news/articles/2024-04-14/battered-treasury-bond-traders-adopt-show-me-attitude-to-avoid-more-hits
Paid articlePaid If Rates Stay Higher for Longer, Buy Tech Stocks and Value: Don’t abandon big growth names because Amazon and Alphabet have a lot of cash and little debt ...
barrons.com/articles/rates-higher-tech-stocks-value-c4edead1
Paid articlePaid Fading: The Bloomberg Open, Europe Edition: Good morning. China’s economy is already fading after a strong start to the year. UBS says a Fed rate hike is ...
bloomberg.com/news/newsletters/2024-04-16/fading-the-bloomberg-open-europe-edition
Paid articlePaid
THURSDAY, APRIL 18: Major U.S. Economic Reports & Fed Speakers:
- 8:30 am ET: Initial jobless claims
- 8:30 am ET: Philadelphia Fed manufacturing survey ... Show more
UK Is Beating US on Inflation Fight And May Cut Rates Sooner: Britain is starting to rein in inflation at a quicker pace than the US, underscoring a divergence ...
bloomberg.com/news/articles/2024-04-15/uk-is-beating-us-on-inflation-fight-and-may-cut-rates-sooner
Paid articlePaid IMF & World Bank Spring Meetings 2024: News, Updates on Economy, Fiscal Policy: International Monetary Fund Managing Director Kristalina Georgieva said that the ...
bloomberg.com/news/articles/2024-04-18/imf-latest-georgieva-says-dollar-strength-has-stoked-concerns
Stocks Look More Vulnerable in Asia Than Peers on Fed Re-Pricing: An out-sized selloff in Asian shares on Tuesday is underscoring concerns about the region’s ...
bloomberg.com/news/articles/2024-04-16/stocks-look-more-vulnerable-in-asia-than-peers-on-fed-re-pricing
Paid articlePaid This Week's Major U.S. Economic Reports & Fed Speakers:
MONDAY, APRIL 15:
- 2:30 am ET: Dallas Fed President Lorie Logan speaks in Tokyo
- 8:30 am ET: ... Show more
Americans Sick of 0.01% Yields Create New Dilemma on Wall Street: Across JPMorgan Chase & Co.’s broad suite of consumer accounts, one number is just about ...
bloomberg.com/news/articles/2024-04-17/americans-sick-of-0-01-yields-create-new-dilemma-on-wall-street
Tech Stocks Slump in Europe as ASML Rattles High-Flying Sector: Technology stocks declined while the broader index treaded water, as ASML Holding NV reported ...
bloomberg.com/news/articles/2024-04-17/tech-stocks-slump-in-europe-as-asml-rattles-high-flying-sector
Paid articlePaid Philippine Peso (PHP USD) Weakens Past Key 57-Per-Dollar Level: The Philippine peso weakened past the closely watched 57-per-dollar level for the first time ...
bloomberg.com/news/articles/2024-04-17/philippine-peso-weakens-past-key-57-per-dollar-level-lv345342
Commodity Markets: High Gold, Oil, Copper Prices Will Remain Problem for Fed: A new commodities boom is complicating central bankers’ anti-inflation efforts and ...
bloomberg.com/news/articles/2024-04-15/commodity-markets-high-gold-oil-copper-prices-will-remain-problem-for-fed
Paid articlePaid 🔊 US Federal Reserve chair Jerome Powell tightens the screws on cash-strapped countries. Find out the latest on Reuters World News podcast
reut.rs/3Q0KoMn
USD Dollar Heads for Best Run in Year in Bet on Fed Delaying Cuts: The dollar is headed for its biggest rally in over a year on expectations US interest rates ...
bloomberg.com/news/articles/2024-04-16/usd-dollar-heads-for-best-run-in-year-in-bet-on-fed-delaying-cuts
Firms in Beige Book Fret Over Any Lengthy Baltimore Port Closure: The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis ...
bloomberg.com/news/articles/2024-04-17/firms-in-beige-book-fret-over-any-lengthy-baltimore-port-closure
Paid articlePaid Fed’s Collins Sees No Urgency to Cut Interest Rates in Near Term: Federal Reserve Bank of Boston President Susan Collins reiterated she sees no urgency to cut ...
bloomberg.com/news/articles/2024-04-12/fed-s-collins-sees-no-urgency-to-cut-interest-rates-in-near-term
Paid articlePaid Bernanke Urges BOE to Give Market Clearer Guidance on Rates: Ben Bernanke called on the Bank of England to consider publishing its own outlook for UK interest ...
bloomberg.com/news/articles/2024-04-12/bernanke-urges-boe-to-speak-more-clearly-on-direction-of-rated
Paid articlePaidQuick Glance: Improve: Bernanke Critiques Bank of England's Handling of Inflation Crisis
- The Bank of England has deteriorated in economic forecasting, with faulty models and outdated systems. Communication with the public needs enhancement.
- Ben Bernanke's report includes 12 detailed recommendations, which Andrew Bailey, the Bank's governor, intends to act upon. Bernanke emphasizes the Bank's potential for significant improvement.
- Bernanke criticizes the Bank's use of fan charts, suggesting they lack useful information and should be replaced with more transparent communication methods. He highlights the need for clearer decision-making reasoning.
- Despite recommendations, Bernanke avoided speculating on past actions, indicating room for substantial improvement within the Bank's processes. The report conveys a clear message: the Bank could have performed much better.
Today’s Daily Cartoon, by Christopher Weyant. #NewYorkerCartoons www.newyorker.com/cartoons/daily-cartoon/tuesday-april-16th-goldilocks-and-the-fed
Czechs Can’t Afford to Accelerate Interest Rate Cuts: Central Banker: Persistent inflation risks and hawkish signals from the US Federal Reserve are preventing ...
bloomberg.com/news/articles/2024-04-18/czechs-can-t-afford-to-accelerate-rate-cuts-central-banker-says
Paid articlePaid Fed Beige Book Shows Modest Economic Expansion: Energy Prices On The Rise, 'Sharp Increases In Insurance Rates'
Gold shines as geopolitical tensions offset easing US rate-cut bets: Gold prices climbed on Thursday, as risks of a widening Middle East conflict raised ...
reuters.com/markets/commodities/gold-shines-geopolitical-tensions-offset-easing-us-rate-cut-bets-2024-04-18/
Morgan Stanley Sees Fed Cut Delay Pushing Back Easing in Asia: Most central banks across Asia are likely to begin cutting interest rates later in the year — if ...
bloomberg.com/news/articles/2024-04-16/morgan-stanley-sees-fed-cut-delay-pushing-back-easing-in-asia
Paid articlePaid Fed’s Mary Daly Sees No Urgency to Adjust Interest Rates: Federal Reserve Bank of San Francisco President Mary Daly said there is absolutely no urgency to adjust ...
bloomberg.com/news/articles/2024-04-12/fed-s-daly-says-there-s-absolutely-no-urgency-to-adjust-rates
Paid articlePaid Federal Reserve and ECB Might Diverge on Rate Cuts: Weekend Reading: Get caught up.
bloomberg.com/news/newsletters/2024-04-13/federal-reserve-and-ecb-might-diverge-on-rate-cuts-weekend-reading
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