-
Trump Is Slamming Jerome Powell Because He 'Wants A Weaker Dollar,' Says Ed Yardeni: 'Pounding Powell = Pounding The Dollar'
Wednesday, July 2, 2025 - 2:29am | 639President Donald Trump's relentless criticism of Federal Reserve Chair Jerome Powell is a calculated move to weaken the U.S. dollar, according to Ed Yardeni, president of Yardeni Research. What Happened: Trump's attacks on Powell aim to pressure the Fed chair into cutting interest rates or...
-
November Jobs Report Preview: Will It Seal The Deal For A Fed Interest Rate Cut?
Thursday, December 5, 2024 - 1:25pm | 700Traders are laser-focused on November's jobs data, slated for release this Friday, as one of the last pivotal data points — along with next week's inflation report — that could shape the Federal Reserve’s decision on a potential rate cut at its Dec. 18 meeting. With market odds sitting at...
-
Fed's Kugler Sees Inflation Progress But Warns: 'Policy Is Not On A Preset Course'
Tuesday, December 3, 2024 - 3:20pm | 629Federal Reserve Governor Adriana Kugler said on Tuesday that inflation “appears to be on a sustainable path” but indicated that challenges still persist, adding that monetary “policy is not on a preset course.” Speaking at the Detroit Economic Club, Kugler described recent...
-
Wall Street On Edge As Nasdaq Nears Record High, Oil Prices Plummet: Strategist Says There's Opportunity If Resilience Continues
Tuesday, October 15, 2024 - 6:43am | 1624Wall Street mood has become circumspect as traders gear up to receive a slew of earnings reports this week amid the market’s record run. The Nasdaq Composite has been a laggard among the major averages and it remains to be seen if the early sentiment reverses and tech stocks could finish the...
-
US Stocks Poised To Bounce Back As Bond Yields Dip, Oil Prices Slide, PepsiCo Pulls Back: Set-up 'Quite Positive' For Equities, Says Economist
Tuesday, October 8, 2024 - 7:12am | 1442Wall Street is gearing up for a firmer start on Tuesday after stocks pulled back sharply in the previous session. The index futures firmed up amid a pullback in the 10-year Treasury note yield and dovish comments issued by a Federal Reserve official. Speaking at a European Central Bank event in...
-
Fed's Adriana Kugler 'Will Support' For More Rate Cuts If Inflation Declines
Tuesday, October 8, 2024 - 6:52am | 500In a recent statement, Federal Reserve Governor Adriana Kugler expressed her support for additional interest rate cuts, contingent on continued decreases in inflation. This announcement was made during her speech at the European Central Bank. What Happened: Kugler emphasized the importance of...
-
US Stocks Set For Strong Start, Micron Jumps, China Commits More Stimulus: Strategist Flags 'Tremendous' Gains Near Term
Thursday, September 26, 2024 - 6:59am | 1561Micron, Inc.’s (NASDAQ:MU) earnings could revitalize the sagging market momentum, with the index futures trading notably higher early Thursday. The risk-on mood was evident across the global markets as China’s commitment to stimulate the domestic economy encouraged traders. The markets...
-
US Stocks May Stall After S&P 500 Hits Another Record; Micron Earnings, Meta Connect On Traders' Radar: Why This Strategist Is Optimistic About Q4
Wednesday, September 25, 2024 - 6:52am | 1402After resiliently resisting selling pressure, the market could be in for some weakness on Wednesday as traders position themselves defensively ahead of the key Main Street catalysts for the rest of the week. The index futures are modestly lower early Wednesday. Traders may not have much to look...
-
Fed Members Cool On Raising Interest Rates: 'These Conditions Could Take Months, And More Likely Quarters To Play Out'
Tuesday, June 18, 2024 - 6:10pm | 1624Members of the Federal Reserve have indicated that they are in no rush to raise interest rates in speeches given on Tuesday. “We’re Clearly On The Backside Of Inflation“ Federal Reserve Bank of Richmond President Thomas Barkin said he needs to see more progress in getting...
-
Wall Street Looks Jaded After Record Run As Traders Shift Focus To Retail Sales Data, Fed Speeches: 'FOMO Still Rules The Market For AI-Related Stocks,' Says Analyst
Tuesday, June 18, 2024 - 7:30am | 1559Tech optimism hasn’t worn out yet, with the Nasdaq futures pointing to a strong start for these stocks, while the Dow and S&P 500 futures were modestly lower. Sentiment going into the session will largely hinge on the retail sales report that is due ahead of the market open and a slew of...
-
Fed's Kugler Signals Optimism On Inflation, Labor Market, But Warns 'The Job Is Not Done Yet'
Wednesday, February 7, 2024 - 2:12pm | 586Federal Reserve Governor Adriana Kugler expressed optimism about the ongoing reduction in inflation and the balance of the labor markets at a Brookings event on Tuesday, hinting at the potential for a reduction in the federal funds rate. At the same time, the Fed official emphasized the central...