Wall Street's main indexes see-sawed before slumping in the final 30 ...
Synopsis by Reuters Sep 22 22
Wall Street's main indexes see-sawed before slumping in the final 30 minutes of trading to close sharply lower, as investors absorbed the Federal Reserve’s ...Read full article
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| Last Updated | Sep 22 22 |
| Total Articles | 9 |
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Wall Street slumps as investors absorb hawkish Fed rate message: Wall Street's main indexes see-sawed before slumping in the final 30 minutes of trading to end ...
reuters.com/markets/europe/futures-flat-investors-gird-another-big-rate-hike-2022-09-21/
Wall Street's main indexes see-sawed before slumping in the final 30 minutes of trading to close sharply lower, as investors absorbed the Federal Reserve’s ... Show more reut.rs/3S6fjpC
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Wall Street slumps as investors absorb hawkish Fed rate message: Wall Street's main indexes see-sawed before slumping in the final 30 minutes of trading to end ...
reuters.com/markets/europe/futures-flat-investors-gird-another-big-rate-hike-2022-09-21/
Jay Powell says US inflation ‘taking longer than expected’ to hit target: Comments from Federal Reserve chair come amid mounting doubts about pace of interest ...
ft.com/content/3d0ddbe1-4637-4262-ba40-934015606166
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 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
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/
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
Fed policymakers agree: there's no urgency to cut rates: Federal Reserve policymakers have coalesced around the idea of keeping borrowing costs where they are ...
reuters.com/markets/us/feds-williams-doesnt-see-urgent-need-cut-interest-rates-2024-04-18/
Why beating inflation is turning out to be as hard as losing weight: Annual inflation proved to be hotter than expected last month, staying stubbornly above 3% ...
npr.org/2024/04/10/1243833081/inflation-consumer-prices-gas-groceries-rent-insurance-economy
Ben Bernanke says BoE must revamp main economic model: Nobel laureate cites ‘significant shortcomings’ and calls for end of fan charts
ft.com/content/4433c035-fa80-49ad-a3dd-a3af2c509e0c
Quick 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.
Stock Market Today: Dow, S&P Live Updates for April 10: Wall Street traders sent stocks and bonds sliding after another hot inflation report signaled the Federal ...
bloomberg.com/news/articles/2024-04-09/stock-market-today-dow-s-p-live-updates
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
Biden's bad news on inflation: Inflation is rearing its ugly head again and it's a nightmare for Biden on several fronts.
axios.com/2024/04/10/cpi-inflation-report-biden-march
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
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
US job growth beats expectations in March; wages increase steadily: U.S. job growth blew past expectations in March and wages increased at a steady clip ...
reuters.com/markets/us/us-job-growth-beats-expectations-march-wages-increase-steadily-2024-04-05/
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.
Powell Still Sees Room for the Fed to Cut Rates This Year: The Fed chair said stronger-than-anticipated economic activity hasn’t changed the Fed’s expectation ...
wsj.com/economy/central-banking/powell-still-sees-room-for-the-fed-to-cut-rates-this-year-6621eb27
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.
Why gold prices are at record highs: From central banks to Costco customers, it seems everyone is buying gold these days.
cnn.com/2024/04/09/economy/gold-prices-record-highs/
Fed officials see three rate cuts 'reasonable' this year: A pair of Federal Reserve policymakers often considered to have divergent monetary policy leanings on ...
reuters.com/markets/us/feds-daly-says-3-rate-cuts-this-year-reasonable-2024-04-02/
Rupee set to open higher as US yields fall before inflation data: The Indian rupee is poised to open higher on Wednesday helped by the dip in U.S ...
reuters.com/markets/currencies/rupee-set-open-higher-us-yields-fall-before-inflation-data-2024-04-10/
Larry Summers Says There's Still A 'Real Possibility' Of A Fed Move Higher: 'Would Be An Inappropriate Ac
benzinga.com/news/24/04/38134013/larry-summers-says-theres-still-a-real-possibility-of-a-fed-move-higher-would-be-an-inappropriate-ac
Mortgage rates are rising again as inflation fears mount: The average rate on the 30-year fixed mortgage hit a 2024 high this week
qz.com/mortgage-rates-inflation-interest-federal-reserve-1851421885
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
SPY: Resurgent Inflation, Soaring Yields, Geopolitical Turmoil - 1970s All Over Again?
seekingalpha.com/article/4684300-spy-resurgent-inflation-soaring-yields-geopolitical-turmoil-1970s-all-over-again
Paid articlePaid
Volatility uncorked as U.S. solo surge unleashes dollar: An almost eerie period of low financial market volatility appears to be ending
theglobeandmail.com/investing/article-volatility-uncorked-as-us-solo-surge-unleashes-dollar/
The Dow is hesitating as the Fed announces it may delay rate cuts due to inflation
qz.com/dow-jones-rate-cuts-inflation-federal-reserve-1851414249
Economist who predicted no 2024 rate cuts blames Fed for inflation resurgence: Trillions of dollars in newly created household wealth has kept inflation elevated ...
marketwatch.com/story/economist-who-predicted-no-2024-interest-rate-cuts-blames-fed-for-inflation-resurgence-52debc35
Above The Noise: Elections, Inflation, And The U.S. Banking System: By January 2025, the Federal Reserve is likely to be in an easing cycle ...
seekingalpha.com/article/4682338-above-the-noise-elections-inflation-and-the-us-banking-system
Paid articlePaid Stock-market rally faces key test: Will hot inflation data kill rate-cut hopes?: Can the stock market rally continue if rate cuts no longer appear imminent? ...
marketwatch.com/story/stock-market-rally-faces-key-test-will-hot-inflation-data-kill-rate-cut-hopes-5438f33a
Dollar (USD) Weakens as ISM Services Data Points to Easing Inflation Pressure - Bloomberg
bloomberg.com/news/articles/2024-04-03/dollar-weakens-as-us-services-data-points-to-easing-inflation-pressure
Citi explains why US stocks have plenty of room to rally further after shrugging off their pullback
markets.businessinsider.com/news/stocks/stock-market-rally-continue-resume-inflows-sp500-fed-rate-cut-2024-4
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