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Powell Signals High Rates for Longer Due to Persistent Inflation: Federal Reserve Chair Jerome Powell said recent inflation data have indicated it will likely ...
bloomberg.com/news/articles/2024-04-16/powell-signals-high-rates-for-longer-due-to-persistent-inflation
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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’s Powell Rethinks Interest-Rate Cuts For 2024 To Combat Inflation: A string of disappointing inflation data has forced the Federal Reserve to reset the clock ...
bloomberg.com/news/articles/2024-04-19/fed-s-powell-rethinks-interest-rate-cuts-for-2024-to-combat-inflation
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 Higher for Longer Hits Bonds With 5% Yields Back in Play: Welcome to the Weekly Fix, the newsletter that’s confident rate cuts are coming sometime, somewhere ...
bloomberg.com/news/newsletters/2024-04-19/higher-for-longer-hits-bonds-with-5-yields-back-in-play
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 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 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 Rate-Cut Delay, Explained: What It Means for US and World: The US Federal Reserve and its vast global audience thought 2024 would be a rate-cut bonanza ...
bloomberg.com/news/articles/2024-04-19/fed-s-rate-cut-delay-explained-what-it-means-for-us-and-world
Texas appeals court sides with Sidney Powell, rejecting attorney discipline over her Trump election lawsuits
cnn.com/2024/04/22/politics/sidney-powell-trump-election-lawsuits/
'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 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
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 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 US 30-Year Mortgage Rates Surge Past 7%: Mortgage rates in the US climbed past 7% for the first time this year.
bloomberg.com/news/articles/2024-04-18/us-mortgage-rates-surge-to-highest-since-november-hitting-7-1
Paid articlePaidQuick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
- US mortgage rates have surged above 7%, increasing costs for homebuyers.
- The rise in mortgage rates impacts monthly costs, limiting purchasing power.
- Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.
- Experts anticipate a moderate easing of mortgage rates later in the year.
World Economy Latest: Fed’s Delay to Cut Recalibrates All Interest Rates: Federal Reserve Chair Jerome Powell signaled US central bankers will wait longer to cut ...
bloomberg.com/news/articles/2024-04-20/world-economy-latest-fed-s-delay-to-cut-recalibrates-all-interest-rates
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As Florida Democrats profess optimism, polling shows voters favor Donald Trump and Rick Scott
sun-sentinel.com/2024/04/19/as-florida-democrats-profess-optimism-polling-shows-voters-favor-donald-trump-and-rick-scott-2/
America’s interest rates are unlikely to fall this year: That will squeeze financial markets and the world economy
economist.com/leaders/2024/04/17/americas-interest-rates-are-unlikely-to-fall-this-year
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 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 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
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A Texas appellate court upheld a decision to reject attorney disciplinary charges against Donald Trump ally Sidney Powell ...
reut.rs/3Q7IwBz
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 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 S&P 500 Index (SPX) Sees Worst Week Since October Amid Geopolitical Tensions: Just weeks ago, it all felt so easy. Jerome Powell was poised to kick off the great ...
bloomberg.com/news/articles/2024-04-12/risk-addicted-wall-street-funds-are-shaken-as-bad-news-piles-up
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Powell's 'Restrictive' Approach Lets Fed Stay Flexible: Words matter when Fed Chair Jerome Powell makes announcements, and the central bank is very carefully ...
inc.com/reuters/powells-restrictive-approach-lets-fed-stay-flexible.html
Five things you need to know to start your day in Europe www.bloomberg.com/news/newsletters/2024-04-17/stock-markets-today-rates-outlook-jerome-powell-lvmh-morgan-stanley
Wall Street Prescription for Uncertainty? Maybe It’s Just T-Bill and Chill: Markets have ‘extended and pretended,’ so perhaps there is something to say for ...
bloomberg.com/news/newsletters/2024-04-17/wall-street-prescription-for-uncertainty-maybe-it-s-just-t-bill-and-chill
Stocks rose in what felt like a straight-line for the first three months of 2024, with the S&P 500 notching its best first quarter return in five years ... Show more finance.yahoo.com/news/stock-market-today-dow-snaps-6-day-losing-streak-powell-warns-on-inflation-181845026.html
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
Five Things You Need to Know to Start Your Day: Asia: Good morning. Powell signals a delay to rate cuts. China tries to settle nerves about its new stock ...
bloomberg.com/news/newsletters/2024-04-16/five-things-you-need-to-know-to-start-your-day-asia
🔊 US Fed chair Jerome Powell signals interest rate cuts are further off than planned. Listen to @Dan___Burns on the Reuters World News podcast explain why his ...
reut.rs/3JH1WtL
Jay Powell really wants Americans to know that the Fed is not taking into account the presidential election or politics this year when setting monetary policy ... Show more finance.yahoo.com/news/jay-powell-really-wants-americans-to-know-he-is-not-thinking-about-politics-141528564.html
🔊 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
Mucarsel-Powell raises over $3.5 million in first quarter in Florida Senate race: Florida Senate candidate and former Rep. Debbie Mucarsel-Powell (D) said her ...
thehill.com/homenews/campaign/4594092-mucarsel-powell-raises-over-3-5-million-in-first-quarter-in-florida-senate-race/
High interest rates, rising inflation: The economy still isn’t normal: The improbable picture seems to guarantee that the Federal Reserve won’t be ready to lower ...
washingtonpost.com/business/2024/04/11/fed-inflation-economy-rates/
Jamie Dimon’s inflation worries look prescient. Now what?: Perhaps it could be not just ‘higher for longer’ but ‘higher forever’
ft.com/content/3312b9aa-7e34-4e3a-a0ab-b27f05198f26
Quick Glance: O.J. Simpson's Failed Attempt at Rebranding
- O.J. Simpson tried unsuccessfully to improve his image through social media.
- Despite attempts at normalization through videos, he could not alter his negative image.
- Expert Bernt Ullmann explains Simpson's lack of remorse, crucial for a successful comeback.
- Simpson's controversial videos further polarized and isolated him from the public.
Stocks rose in what felt like a straight-line for the first three months of 2024, with the S&P 500 notching its best first quarter return in five years ... Show more finance.yahoo.com/news/stock-market-today-dow-snaps-6-day-losing-streak-powell-warns-on-inflation-181845026.html
Traders are starting to doubt that Fed Chair Jerome Powell will be able to engineer a soft economic landing www.bloomberg.com/news/articles/2024-04-10/powell-s-soft-landing-dream-in-danger-as-traders-hedge-inflation
To fight inflation, we should look for ways beyond the Fed’s policies: The obvious problem is that almost total reliance on the Fed to defeat inflation by ...
thehill.com/opinion/4611543-to-fight-inflation-we-should-look-for-ways-beyond-the-feds-policies/
Jay Powell really wants Americans to know that the Fed is not taking into account the presidential election or politics this year when setting monetary policy ... Show more finance.yahoo.com/news/jay-powell-really-wants-americans-to-know-he-is-not-thinking-about-politics-141528564.html
Cathie Wood Says Elon Musk Is Saving the World. Jay Powell? Not So Much.: ARK founder Cathie Wood is on a mission to make money and convince the world that big ...
barrons.com/articles/ark-invest-cathie-wood-tesla-elon-musk-fed-powell-98101f19
Paid articlePaid Larry Summers Reminds the Fed to Keep an Eye on the Speedometer: He says blowout US jobs print means rates will stay higher for longer
bloomberg.com/news/newsletters/2024-04-06/larry-summers-reminds-the-fed-to-keep-an-eye-on-the-speedometer
Powell’s Insistence on Three Fed Cuts Limits Bond Declines: Welcome to the Weekly Fix, the newsletter that’s brought to you by the number 3 and the letters d ...
bloomberg.com/news/newsletters/2024-04-05/powell-s-insistence-on-three-fed-cuts-limits-bond-declines
Paid articlePaid US stocks closed lower on Tuesday as Fed Chair Jerome Powell dashed investors’ hopes of meaningful interest rate cuts this year reut.rs/49FoMwh
Odd Lots Newsletter: Switchgear Shortage Says a Lot About the Economy: Hello and welcome to the weekly Odd Lots newsletter, where Joe Weisenthal and Tracy ...
bloomberg.com/news/newsletters/2024-04-12/odd-lots-newsletter-switchgear-shortage-says-a-lot-about-the-economy
Paid articlePaid US Economic Data Confirm a New Narrative: We’re All a Bit Lost Right Now: If there’s a new Wall Street catchphrase, it might be ‘It is still really unclear’
bloomberg.com/news/newsletters/2024-04-11/us-economic-data-confirm-a-new-narrative-we-re-all-a-bit-lost-right-now
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
How immigration is helping the economy defy expectations: Policymakers are increasingly pointing to an immigration influx and a bolstered U.S ...
thehill.com/homenews/4581122-how-immigration-is-helping-the-economy-defy-expectations/
Powell, Middle East Fears Weigh On Tech Stocks, Treasury Yields Hit 5%, Gold Notches Fifth Week Of Gains: This Week In The Markets
Nasdaq 100's tech stocks ... Show more
Lawrence Summers Says Hot Jobs Data Show Neutral Fed Rate ‘Much Higher’: Former Treasury Secretary Lawrence Summers said that the surge in US payrolls in March ...
bloomberg.com/news/articles/2024-04-05/summers-says-hot-jobs-data-show-neutral-fed-rate-much-higher
Paid articlePaid Jamie Dimon Says AI Could Be as Transformational as the Steam Engine: JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said artificial intelligence ...
bloomberg.com/news/articles/2024-04-08/dimon-says-ai-could-be-as-transformational-as-the-steam-engine
Paid articlePaidQuick Glance: Jamie Dimon warns of potentially prolonged high rates
- JPMorgan chief Jamie Dimon warns in his annual letter to investors of potentially prolonged higher inflation and interest rates due to high government spending.
- Dimon mentioned that the economy is being fueled by government deficit spending and past stimuli, which could lead to potentially stickier inflation and higher rates.
- Financial markets have significantly reduced their expectations for the number of expected rate cuts by the US Federal Reserve, with only two quarter-point cuts planned in 2024.
- Dimon also warns of the risks of the private credit market boom and emphasizes that regulations may increasingly focus on this market, warning of geopolitical risks due to events like Russia's invasion of Ukraine.
Fed chair Jerome Powell witnessed stronger-than-expected inflation numbers for the third time. With an election looming and price growth still high ... Show more www.reuters.com/breakingviews/powells-rate-cuts-may-go-steady-steep-2024-04-10/
Fed: Don't expect rate cut: On Wednesday, Federal Reserve Chair Jerome Powell firmly shut the door on rate cuts, citing lack of confidence in progress on ...
freep.com/story/money/business/2024/04/20/fed-dont-expect-a-rate-cut/73353083007/
Opinion | Why Is the Federal Reserve Always Surprised by Inflation?: The central bank owes the public an explanation—and a serious effort to correct its flawed ...
wsj.com/articles/why-is-the-federal-reserve-always-surprised-by-inflation-jerome-powell-guidance-7efcad64
Watch Fed Chair Powell speak live during a policy forum in Washington: Fed Chair Jerome Powell speaks to the Wilson Center's Washington Forum on the Canadian ...
cnbc.com/2024/04/16/watch-fed-chair-powell-speak-live-during-a-policy-forum-in-washington.html
America’s interest rates are unlikely to fall this year: That will squeeze financial markets and the world economy
economist.com/leaders/2024/04/17/americas-interest-rates-are-unlikely-to-fall-this-year
Powell's 'restrictive' emphasis maximizes Fed flexibility: Central bankers choose their words carefully, so recent comments from the Federal Reserve's two most ...
reuters.com/markets/us/powells-restrictive-emphasis-maximizes-fed-flexibility-mcgeever-2024-04-19/
US stocks closed lower on Tuesday as Fed Chair Jerome Powell dashed investors’ hopes of meaningful interest rate cuts this year www.reuters.com/markets/us/futures-ease-bond-yields-stay-elevated-amid-middle-east-tensions-2024-04-16/
Reuters World News: Trump’s trials, Powell’s warning and geopolitics at the Olympics
reut.rs/3W3AOwm
From @Breakingviews : In 2021 and 2022, over 700 large companies generated at least $1 trillion of combined windfall profit. Now central bankers want companies to absorb ... Show more @guerreraf72 www.reuters.com/breakingviews/profitability-is-next-sacrifice-inflation-altar-2024-04-02/
Federal Reserve Chair Jerome Powell discussed future FOMC monetary policy, emphasizing the need for further data while inflation moves "on a sometimes ... Show more
Wall Street pushes out rate-cut expectations, sees risk they don't start until March 2025
cnbc.com/2024/04/17/wall-street-pushes-out-rate-cut-expectations-sees-risk-of-no-action-until-2025.html
Joe Biden Gets Bad News Right Before Speech: The Fed chair Jerome Powell suggested that borrowing costs may stay higher for longer.
newsweek.com/joe-biden-bad-news-before-speech-1891024
'They can't get it wrong again': Economists are increasingly uncertain about Fed rate cuts this year
cnbc.com/2024/04/08/they-cant-get-it-wrong-again-will-the-fed-cut-rates-this-year.html
Wall Street's main indexes closed lower on Wednesday after the Federal Reserve Chair Jerome Powell's comments a day earlier made it clear the central bank was ... Show more reut.rs/4aTQ4ji
Why Joe Biden Really, Really Wants Lower Interest Rates: If Jerome Powell would lower interest rates — and therefore make housing and much of everything else ...
nymag.com/intelligencer/article/why-joe-biden-really-really-wants-lower-interest-rates.html
Powell says the Federal Reserve still sees rate cuts this year; election timing won't affect decision
pbs.org/newshour/politics/powell-says-the-federal-reserve-still-sees-rate-cuts-this-year-election-timing-wont-affect-decision
Quick Glance: Expectations of Interest Rate Cuts in 2024
- Federal Reserve Chairman Jerome Powell confirmed at Stanford University that the central bank anticipates interest rate cuts to continue this year without specifying a timeline.
- Emphasizing independence from politics, the Fed maintains its outlook despite recent reports not significantly altering their perspective.
- Stronger economic indicators have led some analysts to speculate that rate cuts may not occur this year, causing market unease.
- Despite economic data uncertainties, Powell and other Fed officials foresee a potential policy rate reduction at some point this year, likely towards the end of the year.
Hawkish Fed Voices Lead To Market Slide: 'It's Possible Fed Won't Cut This Year If Inflation Stalls'Federal Reserve officials expresses heightened inflation ... Show more
US economy: America's inflation is proving tough: At 3.8 percent, inflation in the United States is higher than many expected. The markets are dismayed.
faz.net/aktuell/wirtschaft/mehr-wirtschaft/usa-inflation-will-nicht-verschwinden-und-gefaehrdet-geplante-leitzinssenkung-19644436.html
Fed Chair Under Fire for Blocking Climate Risk Financial Rules: "Millions of consumers, communities, and financial institutions are at the brink of a ...
commondreams.org/news/fed-chair-under-fire-for-blocking-climate-risk-financial-rules
BlackRock CEO Larry Fink is skeptical of the Fed's 2% inflation target: The BlackRock CEO says interest rates are still coming, but that the central bank’s ...
qz.com/blackrock-larry-fink-fed-rate-cuts-1851406856
Stock market today: Indexes mixed amid hawkish Fedspeak, yield spike: "Fed Chair Powell moved more decidedly in a hawkish direction," Quincy Krosby ...
markets.businessinsider.com/news/stocks/stock-market-today-hawkish-powell-fed-rate-cuts-outlook-yields-2024-4
Commodity prices are rising and that means everything else might more expensive, too
qz.com/commodity-prices-going-up-inflation-1851397072
Powell curbs interest rate hopes: Dow closes higher, Nasdaq loses: US Federal Reserve Chairman Powell further dampens market expectations of interest rate cuts ...
n-tv.de/wirtschaft/Dow-schliesst-im-Plus-Nasdaq-verliert-article24878772.html
Federal Reserve Deserves Its D- Grade on Climate Change: Every time monetary policymakers cave to political pressure and let banks sidestep growing risks ...
bloomberg.com/opinion/articles/2024-04-05/federal-reserve-deserves-its-d-grade-on-climate-change
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#MintPrimer | The US Federal Reserve’s (Fed) chairman Jerome Powell last week said that he will wait longer before cutting interest rates as inflation in the US ... Show more www.livemint.com/market/what-the-us-fed-s-hawkish-turn-means-for-india-11713797248742.html
Four hurdles for bank buyers to clear: As recently as a few months ago, many observers predicted a surge of bank mergers this year. But longtime obstacles to ...
americanbanker.com/list/four-hurdles-for-bank-buyers-to-clear
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