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Fed's Bowman Shocks Traders: 'I Remain Willing To Raise' Interest Rates If Progress On Inflation Stalls
Tuesday, June 25, 2024 - 9:13am | 577Federal Reserve Governor Michelle Bowman stated on Tuesday that it is premature to lower the policy rate, and indicated her readiness to support further rate hikes if inflation worsens. While giving a speech in London, Bowman noted that “we have seen only modest further progress on inflation...
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Gold, Precious Metals Dominate Real-World Assets On Blockchain: Is This A Sign Of Things To Come?
Thursday, September 14, 2023 - 1:37pm | 549In a significant development for the digital assets space, the value of real-world assets (RWAs) on-chain achieved a new milestone, reaching an all-time high of $3.1 billion as of Sept. 1, according to research. This surge in value surpasses the previous record of $2.75 billion set in April...
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Ken Griffin Cautious About Economy: 'I'm A Bit Anxious We're Sort Of In The 7th Or 8th Inning Of This Rally'
Thursday, September 14, 2023 - 12:42pm | 727Hedge fund manager Ken Griffin is known for his takes on the economy and recent fears that a recession could happen. Here’s how Griffin saw things standing now and where they could go. Griffin on Economy: Griffin said he was anxious about the current stock market rally. Griffin, who...
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S&P 500 Opens Higher As New Data Nods To Rate Hike Pause, Economists Weigh In
Thursday, August 31, 2023 - 10:11am | 554The S&P 500 leaped higher in early Thursday trading action even though the Federal Reserve's favored inflation measure, the Personal Consumption Expenditures (PCE) price index, recorded a year-on-year increase of 3.3%. The PCE for July came in higher than June’s 3% and matched economists...
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Wall Street's Verdict On Powell's Jackson Hole Address: A Balanced Play On Interest Rates
Friday, August 25, 2023 - 1:16pm | 602In a keenly-watched address at the Jackson Hole Economic Policy Symposium, Federal Reserve Chair Jerome Powell set the stage for potential interest rate hikes, reiterating the Fed’s commitment to price stability. Wall Street, always ready to interpret and forecast based on Fed speak, has a...
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Traders' Rate Hike Bets Surge, Dollar Jumps Ahead Of Jackson Hole
Thursday, August 24, 2023 - 11:12am | 682In the lead-up to the renowned Fed’s Jackson Hole Symposium, scheduled to commence on Thursday, market participants are intensifying their bets on a potential rate hike. Rate hike expectations for the November meeting have climbed again, as investors fear hawkish surprises from Fed members...
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Former Fed President Bullard Dismisses Recession Alarms, Foresees Possible Rate Hikes
Wednesday, August 23, 2023 - 9:21am | 622In an exclusive interview with the Wall Street Journal ahead of the Fed’s Jackson Hole annual economic symposium, former St. Louis Fed chief James Bullard spoke about the U.S. economy’s unexpected resilience and the potential for higher interest rates. Bullard, who recently assumed the...
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Hot On The Market: 5 ETFs In The Spotlight As Key Jobs Data Unfolds This Week
Tuesday, August 1, 2023 - 4:27pm | 756The July labor market report takes center stage this week. Investors and markets brace for significant economic releases that will influence future Federal Reserve rate decisions. Tuesday provided a glimpse at a decrease in the number of job vacancies throughout June. Wednesday’s ADP...
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'Soft Landing' For US Economy Is The Right Path, Central Banker Says
Monday, July 31, 2023 - 2:26pm | 398The U.S. economy continues to demonstrate resilience. That’s according to Federal Reserve Bank of Minneapolis President Neel Kashkari. What Happened: Kashkari aligns with the Fed’s economists’ outlook that the horizon is clear of an impending recession. Despite the ongoing...
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How the Fed's Historic Interest Rate Hike Affects Your Wallet: Credit Cards, Mortgages, Stock Portfolios And More
Thursday, July 27, 2023 - 1:22pm | 538The Federal Reserve on Wednesday raised the federal funds rate by 25 basis points to 5.25%-5.5%, marking the highest since February 2001. The impact the Fed's interest rate hike campaign is manifold, affecting almost every aspect of consumer and personal finance, from housing to credit cards. Let's...
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Peter Brandt On Fed's Rate Roadmap Going Ahead: 'Have A Less Dovish Opinion…'
Thursday, July 27, 2023 - 12:17am | 501Renowned veteran trader, analyst and CEO of Factor LLC, Peter Brandt, took to Twitter to share his insights on the Federal Reserve’s future plans for interest rates, predicting a series of rate cuts in the coming months. What Happened: Brandt tweeted suggesting that the three months secured...
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Obama-Era CEA President Says Federal Reserve Mostly Out Of Forward Guidance: 'Lower Threshold To Raise Rates At The Next Meetings'
Wednesday, July 26, 2023 - 11:51pm | 666In a recent tweet, Jason Furman, a prominent economist and former Chairman of the Council of Economic Advisers during President Barack Obama‘s term, shared his insights on the Federal Reserve’s latest decision to raise interest rates. What Happened: Furman quoting a ...
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Value Stocks Defy Rate Hikes: 3 Blue Chips Showing Resilience In The Face Of Federal Reserve's Tightening
Wednesday, July 26, 2023 - 10:38am | 1099U.S. large-cap value stocks have outperformed growth peers by a modest margin in July, potentially indicating a reversal of the trend witnessed throughout 2023. The Vanguard Value ETF (NYSE:VTV), the largest and most liquid exchange traded fund investing in U.S. large-cap value stocks, has...
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Federal Reserve Gears Up For Another Rate Hike In Crucial Week For Central Banks
Sunday, July 23, 2023 - 11:02am | 472Federal Reserve policymakers are expected to raise rates again on Wednesday to the highest level seen in 22 years. What Happened: The Federal Reserve and the European Central Bank are expected to raise interest rates by 25 basis points. However, the key focus will be whether policymakers...
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Final Fed Rate Hike Looms, But Top Wall Street Analyst Predicts A Year-Long Wait Before Rate Cuts
Friday, July 21, 2023 - 12:18pm | 531A major investment bank on Wall Street predicts the Fed will stop raising interest rates after its July meeting, but cautions investors not to anticipate a rate decrease in the near future. According to Goldman Sachs, the upcoming rate hike at the Federal Reserve’s July meeting, pushing rates...