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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 May Delay Rate Cuts Until After 2024, Neel Kashkari Says: The Federal Reserve needs to achieve more confidence that inflation is declining before cutting ...
bloomberg.com/news/articles/2024-04-18/kashkari-says-fed-could-potentially-hold-rates-steady-all-year
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
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
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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
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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
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
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Asian Stocks Fall as Israel-Iran Tensions, Hawkish Fed Stance on Rates: Asian stocks plunged as broad risk aversion swept through markets on renewed concerns ...
bloomberg.com/news/articles/2024-04-19/asian-stocks-slump-as-mideast-woes-hawkish-fed-sour-sentiment
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Bloomberg Evening Briefing: Blame the Rent for America’s Sticky Inflation: Get caught up.
bloomberg.com/news/newsletters/2024-04-18/bloomberg-evening-briefing-blame-the-rent-for-america-s-sticky-inflation
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
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
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ECB Can Move First But Fed Divergence Would Be Felt, Vujcic Says: The European Central Bank can lower interest rates before the Federal Reserve does likewise ...
bloomberg.com/news/articles/2024-04-19/ecb-can-move-first-but-fed-divergence-would-be-felt-vujcic-says
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
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Fed’s Uncertain Path Creates Bind for Bank of Canada’s Macklem: The Bank of Canada is getting closer to cutting interest rates, but there are limits to how far ...
bloomberg.com/news/articles/2024-04-19/fed-s-uncertain-path-creates-bind-for-bank-of-canada-s-macklem
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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
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Economists Boost US GDP Forecasts, See Fed Rates Higher for Longer: Economists once again upgraded their forecasts for US growth, spending and employment ...
trib.al/uJmLexO
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
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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
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Investment Opportunities With Hot Inflation, Higher-for-Longer Interest Rates: Rising prices and high interest rates are frustrating investors ...
bloomberg.com/news/articles/2024-04-19/investment-opportunities-with-hot-inflation-higher-for-longer-interest-rates
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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
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Recent Data Support Rates Staying Higher for Longer: Fed Vice Chair
barrons.com/articles/rate-cuts-fed-vice-chair-jeffersin-ae880630
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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
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
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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
Europe Faces Twin Blow If ECB and Fed Don’t Cut, Scicluna Warns: The euro zone’s stuttering economy would face a twin blow should interest rates not be lowered ...
bloomberg.com/news/articles/2024-04-19/europe-faces-twin-blow-if-ecb-and-fed-don-t-cut-scicluna-warns
BofA Strategists Say Rates Jitters Are Fueling Stock Outflows: Investors are pulling money out of equities as a strong US economy and sticky inflation fuel ...
bloomberg.com/news/articles/2024-04-19/bofa-strategists-say-rates-jitters-are-fueling-stock-outflows
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Mortgage rates jump past 7% for the first time in 2024, posing big dilemma for homebuyers
nypost.com/2024/04/18/business/mortgage-rates-jump-past-7-for-the-first-time-in-2024-posing-big-dilemma-for-homebuyers/
Stock Market Today: Dow, S&P Live Updates for April 16: The world’s biggest bond market remained under pressure and stocks wavered after Jerome Powell signaled ...
bloomberg.com/news/articles/2024-04-15/stock-market-today-dow-s-p-live-updates
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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
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
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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
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'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
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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
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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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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
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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
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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
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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
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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
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
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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
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Arson suspected after Sen. Bernie Sanders's office in Vermont caught fire: Authorities are seeking a suspect who allegedly started a fire outside the Vermont ...
apnews.com/article/bernie-sanders-vermont-office-fire-3eb328a83512460473f33a6a31390873
Quick Glance: Man Charged with Setting Fire at Senator Bernie Sanders' Office
- A man was charged with setting a fire at Senator Bernie Sanders' office in Vermont.
- The suspect was identified as Shant Soghomonian, who entered the building, sprayed liquid, and ignited the fire with a lighter.
- The fire damaged the outside of the office door and was extinguished by the sprinkler system.
- Sanders was not in the state at the time of the incident and praised the quick response of local first responders.
Fed's Bostic says he is not in a 'mad dash hurry' on rate cuts: Atlanta Federal Reserve President Raphael Bostic on Thursday said inflation is going to return to ...
reuters.com/markets/us/feds-bostic-says-he-is-not-mad-dash-hurry-rate-cuts-2024-04-18/
Jamie Dimon Says 8% Rates Could Lie Ahead: J.P. Morgan CEO Jamie Dimon wrote in a letter to investors that “we are prepared for a very broad range of interest ...
barrons.com/articles/jamie-dimon-rates-inflation-jpmorgan-39ff8b86
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Quick 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 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
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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
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March CPI Raises Chances of Fed Interest-Rate Hike, Larry Summers Says: Former Treasury Secretary Lawrence Summers said that the hot US consumer price inflation ...
bloomberg.com/news/articles/2024-04-10/summers-says-have-to-seriously-consider-next-fed-move-is-a-hike
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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
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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
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POLL Fed to cut rates in September and maybe once more this year: 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/
Resurgent inflation looms over Joe Biden’s White House bid: Consumer prices are rising quickly at just the wrong time for the US president
ft.com/content/d8520a33-f202-4679-b6f7-99fe9e4fb3ae
Fed's rate-cut foot-dragging grates on global peers at IMF meetings: Finance chiefs from economies large and small are scrambling to keep pace with the Federal ...
reuters.com/markets/rates-bonds/feds-rate-cut-foot-dragging-grates-global-peers-imf-meetings-2024-04-19/
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
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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
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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
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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
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The Dollar Is Rising. It’s a Problem for the Stock Market.: The U.S. Dollar Index is at just over 105, up a bit more than 3% from a low point hit in early March.
barrons.com/articles/dollar-strong-stocks-earnings-0cdea198
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Pimco Sees Fed Raising Rates Again If US Inflation Reignites: Pacific Investment Management Co. warned that the Federal Reserve could pivot back toward interest ...
bloomberg.com/news/articles/2024-04-12/pimco-sees-additional-fed-rate-hike-if-us-inflation-moves-higher
US employers added a surprisingly robust 303,000 jobs in March in a sign of economic strength
apnews.com/article/jobs-hiring-unemployment-economy-inflation-federal-reserve-1e456b8df0e11b218ed50f1ead6f6797
Quick Glance: US economy adds impressive 303,000 jobs last month
- Employers added 303,000 jobs in March, bringing the unemployment rate down to 3.8%.
- US stock futures rose slightly on Friday morning, but markets have had a rough week.
- The S&P 500 companies are expected to report positive first-quarter earnings, fueling optimism in the market.
- Investors are hopeful for a strong earnings season to continue the stock rally amidst concerns about inflation and interest rates.
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
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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
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Share Your Experience With Moving, Mortgage Rates In The US: Surveys show Americans are reluctant to move these days. Have you decided recently on a move ...
bloomberg.com/news/articles/2024-04-18/share-your-experience-with-moving-mortgage-rates-in-the-us
Stock market today: Stocks slide for the 5th straight session: The S&P 500 hit its worst losing streak since last October as investors recalibrate amid forecasts ...
markets.businessinsider.com/news/stocks/stock-market-news-fifth-loss-fed-speakers-rate-cuts-delay-2024-4
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
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
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
Fed’s Collins Says Data May Warrant Later, Fewer Cuts This Year: Federal Reserve Bank of Boston President Susan Collins said it may take more time than ...
bloomberg.com/news/articles/2024-04-11/fed-s-collins-says-data-may-warrant-later-fewer-cuts-this-year
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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
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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
Bond Traders Shift Thinking to a 5% Yield, No Rate Cut World: Bond traders are readying for 10-year US Treasury yields surpassing 5% as the scenario of no rate ...
bloomberg.com/news/articles/2024-04-11/bond-traders-shift-thinking-to-a-5-yield-no-rate-cut-world
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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
Gold (XAUUSD) Resumes Gains as Middle East Tensions Offset Hot Inflation: Gold resumed its blistering rally as heightened tensions in the Middle East offset ...
bloomberg.com/news/articles/2024-04-11/gold-xauusd-resumes-gains-as-middle-east-tensions-offset-hot-inflation
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Wall Street Fires Up Deals for Preferred Shares With Fed on Hold: Fading hopes that the Federal Reserve will soon cut rates are prompting US banks to re-evaluate ...
bloomberg.com/news/articles/2024-04-19/wall-street-fires-up-deals-for-preferred-shares-with-fed-on-hold
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
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
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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
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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
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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
New York Factory Activity Contracts Again While Prices Pick Up: New York state factory activity contracted in April for a fifth straight month ...
bloomberg.com/news/articles/2024-04-15/new-york-factory-activity-contracts-again-while-prices-pick-up
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