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Would Project 2025 Abolish The Federal Reserve? What About Reinstituting The Gold Standard?
Thursday, July 18, 2024 - 3:05pm | 712Conservative think-tank The Heritage Foundation‘s Project 2025, a controversial collection of policy proposals, has received widespread attention in recent weeks. The policies are meant to influence a Republican president if the GOP takes the White House in 2025. One chapter of the policy...
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Fed's Goolsbee Confident With Inflation's 'Golden Path,' But Won't Tie Committee Hands On September Fed Cut: Stocks Fall
Thursday, July 18, 2024 - 12:28pm | 511Chicago Fed President Austan Goolsbee expressed confidence that the inflation trend is on a “golden path,” characterized by a stable decline without triggering a recession. However, he refrained from explicitly stating his intentions regarding possible future interest rate cuts by the...
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Wall Street Gearing Up For Tech-Led Rebound Ahead Of Netflix Earnings: Economist Expects Soft Landing But Says Brace For Bigger Fed Rate Cuts If This Happens
Thursday, July 18, 2024 - 7:34am | 1315Beaten-down stocks could make a comeback on Thursday, with Taiwan Semiconductor Manufacturing Company Ltd.’s (NYSE:TSM) strong quarterly report lifting sentiment toward tech stocks. The major U.S. index futures were mixed ahead of the trading session. A few Fed speeches scheduled for the day...
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Nasdaq, S&P 500 Futures Rise Amid Tech Buoyancy, Bitcoin Gains 2%: Analyst Warns Of Elevated Valuations And Potential Election Volatility
Wednesday, July 10, 2024 - 7:40am | 1409The market’s bullish bias will likely be put to the test on Wednesday as some key market-moving catalysts due this week could pose a threat to the upward momentum. Federal Reserve Chair Jerome Powell is scheduled to testify before the House Financial Committee and is widely expected to be in...
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Nasdaq Futures Slip As Nvidia Sell-Off Continues, S&P 500 Futures Hold Up: Analyst Says 'Valuations Will Go Parabolic And It Will Be A Perfect Time To Sell'
Monday, June 24, 2024 - 7:33am | 1260The U.S. market is on track to open Monday’s session on a firmer note after retreating from its record high in the final two sessions of last week. Potential clues on the near-term rate outlook from Federal Reserve officials’ speeches could potentially move stocks. The tech rally will...
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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...
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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...
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US Stocks To End Record-Clinching Week On Subdued Note, GameStop Slides, Adobe Soars: Fed Speeches And More To Watch Heading Into Friday
Friday, June 14, 2024 - 7:44am | 1149The market could pause in the final trading session of the week following its record run, facilitated by tamer-than-expected inflation data. The major index futures were moderately lower in early trading. Adobe Inc. (NYSE:ADBE) will likely come to the aid of the tech sector, which has been on a hot...
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Kashkari Vs. Goolsbee, Hawk Vs. Dove: What's Next For The Fed?
Friday, May 10, 2024 - 3:46pm | 664Two Federal Reserve presidents, traditionally opposed in their respective stances, seem to agree on at least one matter concerning the future direction of monetary policy. Austan Goolsbee, President of the Chicago Federal Reserve, leans toward the so-called “doves.” Neel Kashkari,...
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Wall Street On Track For 6th Day Of Losses? Netflix, Geopolitical Tensions Drag Futures Down: Analyst Tells Why Next 2 Weeks Are Pivotal
Friday, April 19, 2024 - 6:48am | 1568U.S. stocks appear headed for another losing day, potentially marking a sixth consecutive session in the red for Wall Street. While index futures on Friday clawed back some earlier losses, sentiment remains fragile following Israel’s missile strikes on Iran in response to drone...
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Hawkish Fed Voices Lead To Market Slide: 'It's Possible Fed Won't Cut This Year If Inflation Stalls' (CORRECTED)
Thursday, April 4, 2024 - 5:15pm | 634Editor’s note: This story has been corrected to fix a quote from Minneapolis Fed President Neel Kashkari that was misattributed to Chicago Fed President Austan Goolsbee. The Federal Reserve appears to be more concerned about inflation than previously anticipated, according to statements made...
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Fed's Goolsbee Expects Interest Rates To Fall With Inflation, Says 'Golden Path' Is Possible
Friday, January 19, 2024 - 10:33am | 574Chicago Fed President Austin Goolsbee highlighted the potential for a “golden path” ahead as inflation trends downward, paving the way for the Federal Reserve to consider lowering interest rates. What Happened: “Inflation has come down a lot,” Goolsbee said in a Friday, Jan...
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US Stocks Extend Year-End Rally, Nasdaq Flirts With Record Highs, Oil Rebounds: What's Driving Markets Monday?
Monday, December 18, 2023 - 2:14pm | 929As the week leading to Christmas kicks off, Wall Street has maintained the optimism prevalent since late October, with all major large-cap indices edging upward. Investors continue to ignore warnings from Federal Reserve policymakers regarding the exceptional exuberance over their expectations for...
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US Stocks Set For Lackluster Start Following November's Buoyancy; Fed Chair Powell's Speeches Take The Spotlight
Friday, December 1, 2023 - 8:25am | 1294U.S. stocks are priming for a cautious start in the first trading session of December following Thursday’s mixed close. December, typically a seasonally strong month, could be cautiously approached by traders as the major averages have all advanced strongly this year despite the economic...
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Market Soars, Dollar Slides As Moderate Inflation Signals Potential Fed Policy Shift: What's Driving Markets Tuesday?
Tuesday, November 14, 2023 - 3:20pm | 1128Stocks were surging on Tuesday, fueled a lower-than-expected Consumer Price Index (CPI) report in October, cementing market bets on the end of Fed rate hikes. The headline CPI index held flat on a month-over-month basis in October, while it climbed 3.2% on an annual basis, below forecasts of a 3....