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Powell Tells Congress Fed Needs More Confidence on Inflation to Cut: Federal Reserve Chair Jerome Powell reiterated to lawmakers that the US central bank is in ...
bloomberg.com/news/articles/2024-03-06/powell-reiterates-fed-needs-more-confidence-on-inflation-to-cut
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Federal Reserve Sticks With Rate Cut Plan Despite Rocky Inflation: Federal Reserve policymakers are largely sticking to their path of interest-rate cuts — for ...
bloomberg.com/news/articles/2024-03-20/fed-stays-on-track-for-rate-cuts-with-one-eye-on-bumpy-inflation
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Quick Glance: UK Inflation Rate Drops to 3.4% - Lowest Level in Almost Two and a Half Years - BBC News
- The UK inflation rate fell to 3.4% for the year to February - the lowest level in almost two and a half years.
- Economists predict that inflation is likely to hit the Bank of England's target of 2% this summer.
- Cost of living is increasing while wage growth is outpacing inflation.
- Housing costs are rising faster, putting pressure on renters and homeowners.
Bloomberg Weekend Reading: Japan Ends the Era of Negative Rates: Get caught up.
bloomberg.com/news/newsletters/2024-03-23/bloomberg-weekend-reading-japan-ends-the-era-of-negative-rates
Powell Says Fed’s Close To Evidence Needed on Inflation to Cut Interest Rates: Eight months after raising interest rates to a two-decade high, Federal Reserve ...
bloomberg.com/news/articles/2024-03-10/powell-says-fed-s-close-to-evidence-needed-on-inflation-to-cut-interest-rates
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The Fed Will Stake Its Reputation on 2% Inflation Target: Welcome to the Weekly Fix, the newsletter that would never shift its own goal posts ...
bloomberg.com/news/newsletters/2024-03-22/the-fed-will-stake-its-reputation-on-2-inflation-target
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Federal Reserve expected to cut rates, lift Biden's prospects: The U.S. Federal Reserve looks on track to cut interest rates as the presidential campaign season ...
reuters.com/markets/us/federal-reserve-expected-cut-rates-lift-bidens-prospects-2024-03-25/
Explainer: Charting the Fed's economic data flow: The U.S. Federal Reserve held the benchmark interest rate steady in the 5.25% to 5.5% range at its March policy ...
reuters.com/markets/us/charting-feds-economic-data-flow-2024-02-02/
Inflation frustration may prompt Fed to dial back rate-cut outlook: U.S. central bankers are not expected to cut borrowing costs this week, but their new ...
reuters.com/markets/us/inflation-frustration-may-prompt-fed-dial-back-rate-cut-outlook-2024-03-18/
Your 401(k) has 'room to run.' And it's not all about Fed rate cuts.: The Fed's plans to cut interest rates seems to be driving up stocks and your 401(k) ...
usatoday.com/story/money/2024/03/24/fed-rate-cuts-stocks-economy/73074366007/
Wall Street hits record closing highs on rate-cut optimism; chipmakers rally: Wall Street's three major stock indexes on Thursday registered record closing highs ...
reuters.com/markets/us/futures-gain-fed-sticks-rate-cut-projections-micron-rally-lifts-chipmakers-2024-03-21/
The US economy is nowhere near a recession, Goldman Sachs’ top economist says: The soft landing that once looked nearly impossible for the Federal Reserve to ...
cnn.com/2024/03/20/business/recession-fed-economy-goldman-sachs/
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Dollar weakens after Fed meeting, yen strengthens: The dollar weakened and the yen rebounded from near multi-decade lows on Wednesday after the Federal Reserve ...
reuters.com/markets/currencies/yen-flounders-near-four-month-low-fed-spotlight-2024-03-20/
Dollar set for weekly gain, yen softens ahead of Fed, BOJ meetings next week: The dollar was on track for a weekly gain versus major currencies while the yen ...
reuters.com/markets/currencies/dollar-advances-us-inflation-data-weighs-rates-outlook-2024-03-15/
U.S. inflation ticks up in February, signaling ongoing price challenges: The prices of some goods, from appliances to furniture to used cars ...
pbs.org/newshour/economy/u-s-inflation-ticks-up-in-february-signaling-ongoing-price-challenges
Quick Glance: Inflation Decline and Consumer Impact
- Inflation in Germany continues to decline, primarily due to cheaper energy prices. Experts predict a further decrease in the year ahead, but with potential challenges. Higher inflation rates diminish consumer purchasing power.
- In February, energy and fuels decreased in price, while food prices increased. Services also became more expensive. Consumer prices rose by 0.4 percent compared to the previous month.
- The German government forecasts rising consumer prices and wage increases above the inflation rate. The expectation is that employees will spend the money and boost private consumption. However, the Bundesbank President warns against premature interest rate cuts.
- Despite the decline in inflation, the Bundesbank cautions against premature interest rate cuts. The European Central Bank aims for price stability in the medium term. Higher interest rates can curb demand but also burden the economy.
Gold rally hits pause ahead of US inflation data: Gold prices took a breather from a record-breaking rally on Monday, which was fuelled by a cooling U.S ...
reuters.com/markets/commodities/gold-rally-hits-pause-ahead-us-inflation-data-2024-03-11/
CNBC Daily Open: Wall Street heaves a sigh of relief: Wall Street liked what it heard from the Fed today, that its sticking to three rate cuts for this year.
cnbc.com/2024/03/21/cnbc-daily-open-wall-street-heaves-a-sigh-of-relief.html
Lawmakers call on Fed to lower interest rate ahead of Wednesday announcement: Ahead of the Federal Reserve's meeting on interest rates and inflation ...
bostonherald.com/2024/03/19/lawmakers-call-on-fed-to-lower-interest-rate-ahead-of-wednesday-announcement/
Wells Fargo pushes back Fed rate-cut expectation to June from May: Wells Fargo on Wednesday joined major banks such as Morgan Stanley, Goldman Sachs and UBS ...
reuters.com/markets/us/wells-fargo-pushes-back-its-expectation-first-fed-rate-cut-june-2024-03-13/
Fed Meeting Focus On These Two Words Won't Thrill S&P 500: Federal Reserve meeting rate-cut projections will take center stage on Wednesday ...
investors.com/news/economy/federal-reserve-meeting-rate-cuts-financial-conditions-sp-500/
Fed gets another reason not to rush on rate cuts: U.S. Federal Reserve policymakers weighing when to start interest-rate cuts got another reason to sit tight for ...
reuters.com/markets/us/fed-gets-another-reason-not-rush-rate-cuts-2024-03-08/
Fed Chair Powell Just Blessed The S&P 500 Rally — And Ignored This: Federal Reserve Chair Jerome Powell said financial conditions are weighing on the economy ...
investors.com/news/economy/federal-reserve-chair-jerome-powell-financial-conditions-sp-500-rally/
Interest-Rate Cuts and Inflation: Your Guide to the Great Descent of 2024: In a new monthly project, Points of Return will track the world’s perilous journey out ...
bloomberg.com/graphics/2024-opinion-rate-cuts-covid-inflation-central-banks/
Fed’s Powell loses chance to muddle inflation goal: Inflation is not cooperating with Jerome Powell. On Tuesday, the U.S. Labor Department said that consumer ...
reuters.com/breakingviews/feds-powell-loses-chance-muddle-inflation-goal-2024-03-12/
The great central bank policy reversal kicks off: The world's biggest central banks are on the starting line of reversing a record string of interest rate hikes ...
reuters.com/markets/rates-bonds/great-central-bank-policy-reversal-kicks-off-2024-03-22/
US economy adds 275,000 jobs in February, unemployment rate ticks higher: The February jobs report showed employers continue to hire workers at a good clip ...
foxbusiness.com/economy/us-jobs-report-february-2024
Quick Glance: Slower, but strong US job growth expected
- Forecast: Nonfarm payrolls to increase by 200,000 in February
- Unemployment rate expected unchanged at 3.7%
- Average hourly earnings to rise 4.4% year-on-year
- Labor market remains strong despite potential rate cuts
Don't sweat the prospect of no Fed rate cuts, economist says — markets will still march higher
cnbc.com/2024/03/28/dont-sweat-the-prospect-of-no-fed-rate-cuts-economist-says.html
Fed Rate Cuts Are On Hold Because Of The AI Stock Boom: The Federal Reserve is slow-walking rate cuts to restrain surging AI stocks and the S&P 500 ...
investors.com/news/economy/fed-rate-cuts-federal-reserve-sp-500/
The US economy is so strong that there might not be any rate cuts in 2024: 2024 was supposed to be the year consumers could start breathing again.
cnn.com/2024/03/01/investing/the-fed-may-not-cut-rates-this-year/
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Fed Meeting Focus On These Two Words Won't Thrill S&P 500: Federal Reserve meeting rate-cut projections will take center stage on Wednesday ...
investors.com/news/economy/federal-reserve-meeting-rate-cuts-financial-conditions-sp-500/
CNBC Daily Open: No news is good news for Wall Street: No news is, perhaps, good news as far as Wall Street is concerned.
cnbc.com/2024/03/07/cnbc-daily-open-no-news-is-good-news-for-wall-street.html
As Hershey battles cocoa costs, chocolate lovers may help cool inflation: The company’s response to the historically high cost of cocoa, the main ingredient in ...
washingtonpost.com/business/2024/03/12/inflation-chocolate-prices-grocery-cost/
Rent is driving inflation. But there’s something off in the data.: There’s a growing disconnect between what shows up in official reports and what’s happening on ...
washingtonpost.com/business/2024/03/03/rent-cpi-housing-fed/
Fed Rate Cuts Are On Hold Because Of The AI Stock Boom: The Federal Reserve is slow-walking rate cuts to restrain surging AI stocks and the S&P 500 ...
investors.com/news/economy/fed-rate-cuts-federal-reserve-sp-500/
Fed chief caught in partisan battle over rate cuts as election looms: Interest rates are becoming an increasingly partisan issue ahead of the 2024 election as ...
thehill.com/business/4513519-fed-chief-caught-in-partisan-battle-over-rate-cuts-as-election-looms/
Watch Fed Chair Powell testify live before Senate Banking Committee: Powell is back Thursday on Capitol Hill, offering to the Senate Banking Committee his second ...
cnbc.com/2024/03/07/watch-fed-chair-powell-testify-live-before-senate-banking-committee.html
WATCH: White House holds briefing as consumer inflation continues to steadily lower
pbs.org/newshour/politics/watch-live-white-house-holds-briefing-as-house-gop-vows-to-block-new-ukraine-and-israel-aid-bill
Even Cookie Monster is complaining about the US economy now: Cookie Monster has taken a stance on a very real and controversial trend in the US economy — and he ...
cnn.com/2024/03/04/economy/cookie-monster-shrinkflation/
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CNBC Daily Open: Markets brace for key U.S. inflation gauge: Wall Street is bracing for a key inflation gauge that will once again test the markets.
cnbc.com/2024/03/12/cnbc-daily-open-markets-brace-for-key-us-inflation-gauge.html
Long-term inflation expectations rise, spelling possible trouble for the Fed, survey shows
cnbc.com/2024/03/11/long-term-inflation-expectations-rise-spelling-possible-trouble-for-the-fed-survey-shows.html
Fed’s Powell: Still Too Early For Interest Rate Cuts: Cutting interest rates now could result in even more painful rate hikes down the line ...
forbes.com/sites/dereksaul/2024/03/06/feds-powell-still-too-early-for-interest-rate-cuts/
Key Fed Inflation Rate Isn't Great For Near-Term Rate Cut: The key Federal Reserve inflation rate heated up in January, but no worse than expected ...
investors.com/news/economy/key-federal-reserve-inflation-rate-bad-news-for-rate-cuts-sp-500-rise/
Quick Glance: Inflation Drops: Impact on Your Money
- Germany's inflation hits lowest level since June 2021, affecting consumers.
- Rising prices have burdened private consumption and the German economy.
- Experts predict further inflation decrease, yet caution prevails.
- CO2 price hikes and VAT rate changes impact inflation factors, as food prices rise.
The Fed may wait too long to cut interest rates and spark a recession, economists say
usatoday.com/story/money/2024/02/23/fed-interest-rate-cut-delay-cause-recession/72698385007/
No Change In Interest Rates Expected At Fed’s May Meeting: The FOMC will set interest rates again on May 1. Rates are not expected to change ...
forbes.com/sites/simonmoore/2024/03/26/no-change-in-interest-rates-expected-at-feds-may-meeting/
Live updates: Markets await rate cut details from Fed Chair Powell as he testifies before Congress
cnn.com/business/live-news/markets-fed-chair-powell-testimony-03-06-24/
The housing market is cooling again. Here's why.: The average 30-year fixed mortgage rate is 6.9%.
abcnews.go.com/Business/housing-market-cooling/story
Quick Glance: Housing Market Sees Another Chill
- After a period of warming up at the beginning of 2024, the housing market has experienced another cooling in recent weeks.
- Experts attribute the downturn to a surge in mortgage rates, leading to unattainable home prices when combined with high borrowing costs.
- The interest rate for 30-year fixed mortgages has climbed to 6.9%, rebounding from a gradual decline at the close of last year, according to a report by Freddie Mac.
Insight: Bank of England forecasts in the dock as Bernanke verdict looms: When the Bank of England's chief economist was asked to explain why its forecasting ...
reuters.com/markets/europe/bank-england-forecasts-dock-bernanke-verdict-looms-2024-03-11/
Mortgage Rates Could Drop in 2024—But How Far?: Mortgage rates could drop in 2024. Here’s what experts say about how far and why mortgage rates may drop.
wsj.com/buyside/personal-finance/will-mortgage-rates-go-down-in-2024-predictions-16fffcaa
Dollar struggles for direction, yen rises after data: The dollar struggled for direction on Tuesday ahead of key data that could provide further clues on the U.S ...
reuters.com/markets/currencies/dollar-droops-key-us-data-looms-yen-firms-cpi-beat-2024-02-27/
Fed rate outlook: 10 reasons why US economy will see no cuts in 2024: Apollo chief economist Torsten Slok says rates are going to say higher for longer ...
businessinsider.com/fed-rate-cut-forecast-us-economy-outlook-inflation-torsten-slok-2024-3
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Jerome Powell plans to cut interest rates despite persistent inflation — and the American people could lose big
nypost.com/2024/02/17/business/jerome-powell-plans-to-cut-interest-rates-despite-persistent-inflation/
Stock market news today: hot inflation data leaves stocks mixed: "If we see continued strength in the inflation data, it's possible that the Fed could push its ...
markets.businessinsider.com/news/stocks/stock-market-news-today-inflation-data-federal-reserve-rate-cuts-2024-2
Rate cuts: How would markets react to higher for longer?: Recent hot economic indicators are complicating rate-cut forecasts and raising the question: what if ...
markets.businessinsider.com/news/stocks/rate-cuts-fed-stocks-bonds-commecial-real-estate-mortgages-banks-2024-2
Fed signals 'patience' on rate cuts as data disappoints: A week of disappointing U.S. economic data, including stronger-than-expected inflation and weakening ...
reuters.com/markets/rates-bonds/traders-see-rising-chance-fed-defers-first-rate-cut-beyond-june-2024-02-16/
Inflation isn't really the problem. Housing is: The Federal Reserve is keeping interest rates high to tame price growth. But it's a shortage of homes in ...
latimes.com/opinion/story/2024-03-08/inflation-housing-shortage-economy-cpi-fed-interest-rate
Quick Glance: Housing Market: Powell Warns of Persistent Shortage
- Speaking before the Senate Banking Committee, Federal Reserve Chair Jerome Powell stated that the U.S. housing market is undersupplied and will continue to be so in the years to come.
- Powell emphasized that the housing shortage is due to structural issues such as zoning difficulties and challenges in obtaining labor and materials for builders.
- He further explained that even as mortgage rates normalize, there will still be a nationwide housing shortage as many individuals are not moving due to low mortgage rates, resulting in a limited supply of available homes.
- Powell also addressed the challenges in the commercial real estate sector, specifically in the office segment, and how this could impact banks. He highlighted the likelihood of more bank failures in the coming years, particularly among small and medium-sized banks grappling with issues in the commercial real estate sector.
Recession outlook: Strong but slowing labor market, some warning signs: Some economists think the US is well on its way to achieving a "soft landing" and avoid a ...
businessinsider.com/recession-outlook-economy-inflation-labor-market-gdp-growth-housing-construction-2024-2
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Federal Reserve may signal fewer interest rate cuts in 2024 after strong inflation reports
usatoday.com/story/money/2024/03/18/federal-reserve-fewer-rate-cuts/72978526007/
Where to Invest in Bonds Now: The Fed is signaling rate cuts ahead. Here’s where to lock in higher yields.
morningstar.com/markets/where-invest-bonds-now
Dollar consolidates ahead of inflation data; yen holds off 152 mark | The Asahi Shimbun: Breaking News, Japan News and Analysis
asahi.com/ajw/articles/15212674
Stock market news: Futures jump after Fed signals rate cuts are coming: Federal Reserve Chair Jerome Powell said he still expected to cut interest rates later ...
markets.businessinsider.com/news/stocks/stock-market-news-spx-futures-fed-rate-cuts-micron-ai-2024-3
Yen’s drop to 1990 low lifts Nikkei; China stocks sag | The Asahi Shimbun: Breaking News, Japan News and Analysis
asahi.com/ajw/articles/15211558
Jerome Powell prepares to lower interest rates during an election year: The Federal Reserve chair aims to lower the price of money twice before the November ...
english.elpais.com/economy-and-business/2024-03-24/jerome-powell-prepares-to-lower-interest-rates-during-an-election-year.html
How the Fed's war on inflation has frozen the housing market: The Federal Reserve aggressively hiked interest rates to lower inflation during the pandemic ...
businessinsider.com/how-do-interest-rate-hikes-impact-housing-market-rent-mortgages-2024-3
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5 Stocks to Buy When the Market Falls: Plus, whether hotter inflation readings could delay interest-rate cuts.
morningstar.com/markets/5-stocks-buy-when-market-falls
Fed's dovish stance raises risk of policy reversal, economist says: "There's a rally, and the rally makes it more difficult to control inflation at a future ...
businessinsider.com/rate-cuts-fed-dovish-policy-inflation-stock-market-rally-economy-2024-3
Yen slips as BOJ policy pivot hopes wane; dollar up slightly ahead of data: The yen dropped against the dollar on Tuesday as the latest comments from Japanese ...
reuters.com/markets/currencies/dollar-guard-boj-speculation-keeps-yen-supported-2024-03-12/
US Federal Reserve’s rate cut meeting today: The Fed's timing for the first rate cut is influenced by robust consumer demand, higher wages ...
financialexpress.com/business/investing-abroad-federal-reserve-fomc-meeting-when-will-the-fed-begin-rate-cuts-3430693/
Inflation Rattles Markets Ahead Of Fed Meeting; AI Stocks, Crypto Pause As Gold, Oil Advance: This Week I
benzinga.com/markets/cannabis/24/03/37760456/inflation-rattles-markets-ahead-of-fed-meeting-ai-stocks-crypto-pause-as-gold-oil-advance-this-w
Economic outlook: What Fed has said on rate cuts, inflation, jobs: Fed Chair Jerome Powell and markets finally appear to be on the same page for the 2024 policy ...
businessinsider.com/economic-outlook-fed-rate-cuts-inflation-jobs-powell-central-bank-2024-3
Central banks diverge over rate cut outlook: Business and investing: Rate cuts in New Zealand may not occur at all this year is the current sentiment ...
newsroom.co.nz/2024/03/11/central-banks-diverge-over-rate-cut-outlook/
What is the Federal Reserve and How Does it Work?: Understand the Fed’s goals and what they mean for your investments.
morningstar.com/economy/what-is-federal-reserve-how-does-it-work
Dollar steadies as traders assess hotter-than-expected inflation: The dollar index remained stable at 102.91, with traders shifting focus to the upcoming US ...
freemalaysiatoday.com/category/business/2024/03/13/dollar-steadies-as-traders-assess-hotter-than-expected-inflation/
Stock Market Today: S&P 500 Nabs New Record Close After February CPI: Strong gains for Oracle and Nvidia helped the main indexes brush off ...
kiplinger.com/investing/stocks/stock-market-today-sandp-500-nabs-new-record-close-after-february-cpi
Asian shares trade mixed after Wall Street recovers: Asian shares were trading mixed Thursday, after Wall Street recovered some losses from the day before ...
japantoday.com/category/business/stock-market-today-asian-shares-trade-mixed-after-wall-street-recovers
Gold prices reach all-time highs: Which European stocks may benefit?: Gold prices hit a record high, as markets eye potential Fed rate cuts in 2024.
euronews.com/business/2024/03/08/gold-prices-reach-all-time-highs-which-european-listed-stocks-may-benefit
The Fed wrecked real estate, 'went crazy' on rates: Barry Sternlicht: The real estate market is "collateral damage" in the Fed's fight against inflation ...
businessinsider.com/commercial-real-estate-crisis-crash-fed-economy-inflation-rates-sternlicht-2024-3
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Dollar Weakens After Powell Signals Potential Rate Cuts: The U.S. dollar fell against the Brazilian real as markets reacted positively to Federal Reserve Chair ...
riotimesonline.com/dollar-weakens-after-powell-signals-potential-rate-cuts/
When Is the Next Jobs Report?: Bad news on the jobs front is good news for stocks.
kiplinger.com/investing/when-is-the-next-jobs-report
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