Fed rate hike

Bank of America Corp (NYSE:BAC) CEO Brian Moynihan stated during the earnings call that everything points towards a relatively mild recession given the amount of stimulus that was paid to people and the money they have leftover. What Happened: "Our research team continues to predict a shallow...

Goldman Sachs economists no longer expect the Federal Reserve to hike interest rates in June, according to a report that cited a research note published on Wednesday. What Happened: “We have taken out the June hike in part because the limited data available so far appear to confirm that...

Net short bets against U.S. treasuries have reportedly risen to the highest level in last one year in the week ending last Tuesday. What Happened: According to the latest report from the Commodity Futures Trading Commission, net-short leveraged fund positions in 10-year futures rose by almost 150,...

Jim Bianco, the President of Bianco Research LLC, reportedly said he would choose two-year treasury notes over the Nasdaq Composite index, given the attractive yield and the uncertainty surrounding the economy. Bianco also stated the next rate hike is going to be determined by what would be the...

Indecision is writ all over the face of the market despite Wednesday's late-session recovery attempt. Shares of Credit Suisse Group AG (NYSE: CS), which dragged the broader market lower in the previous session, are rebounding strongly after the bank announced mitigatory measures and...

Shares of graphics chipmaker Nvidia Corp. (NASDAQ: NVDA) wilted amid the tech rout in 2022, with its China exposure exerting further downward pressure. The stock has made a strong comeback this year and has remained fairly resilient amid the market sell-off seen since mid-February. What's...

Jim Cramer called Bitcoin (CRYPTO: BTC) a "strange animal" and suggested that it is being "manipulated up". Despite a 12% increase in the largest digital currency over the last 24 hours, Cramer argued that there is no clear use case for Bitcoin. Cramer's remarks followed the...

The euphoria over Tuesday’s inflation numbers has apparently given way to skepticism, with index futures retreating sharply early Wednesday. Traders get to digest another set of key economic data points to make their conclusions about Fed’s potential March move. Cues From Tuesday...

Noted economist Peter Schiff has been critical of the government’s rescue plan for the tainted Silicon Valley Bank, owned by SVB Financial Group (NASDAQ: SIVB). What Happened: On Monday, Schiff took to Twitter to offer his take on the monetary policy stance of the Federal Reserve under...

The financial markets have been swaying to each piece of incoming economic data, given the Fed Reserve’s data dependence in its current rate-tightening cycle. The upcoming week will have more than its fair share of data that could create further volatility in the market, especially as...

Trading in the U.S. index futures suggests the markets may start Tuesday’s session modestly higher ahead of the first day of Fed Chair Jerome Powell’s two-day Congressional testimony. Cues From Monday’s Trading: On Monday, U.S. stocks squandered much of their gains and...

The artificial intelligence wave is sweeping across, with the popularity of OpenAI's ChatGPT giving this new-age technology a boost. Several AI-related stocks have capitalized on the buzz and ringed in massive gains this year. Market Shows Resilience: After a not-so-promising performance in...

The mood on Wall Street continues to be somber on Thursday, as risk aversion continues to rule high. Some positive earnings could serve to cushion any potential slide even as traders look ahead to the jobless claims report and Fed speeches for more clues toward the economic and rate outlook. Cues...

Credit card balances increased $61 billion in the fourth quarter to $986 billion, surpassing the pre-pandemic high of $927 billion, according to a report released by the Federal Reserve Bank of New York’s Center for Microeconomic Data. The rise in credit card debt comes at a time when...

Green shoots of recovery have been evident in the financial market since the start of 2023, marking a reversal in the dismal sentiment seen for much of the previous year. Jerome Powell’s Dovishness Helps: The Federal Reserve’s aggressive rate hikes that began in March 2022 amid...