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Paul Krugman On Inflation: Soft Landing To Normal 'Looks Amazingly Within Reach,' But Isn't 'Guaranteed'
Friday, July 14, 2023 - 6:11am | 363Recent consumer inflation data suggests that the U.S. economy might be on its way to a soft landing, according to Nobel laureate economist Paul Krugman, Business Insider reports. This implies that the economy could return to normal inflation levels without a significant increase in unemployment....
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Fed Officials See End Of Tightening Cycle On Horizon — But Only After A 'Couple More' Rate Hikes
Tuesday, July 11, 2023 - 4:19am | 442The Federal Reserve is nearing the end of its current monetary policy tightening cycle, with several U.S. central bank officials suggesting that further interest rate hikes may be needed to curb inflation, Reuters reports. Rate Hiking Cycle Nearing Its End Since March 2022, the Fed has raised...
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Hawks Are Circling Wall Street: Two Top Analysts Call For The Fed To Resume Hikes In July
Thursday, June 15, 2023 - 12:26pm | 751Two major investment banks on Wall Street stated that they anticipate the Federal Reserve will resume hiking interest rates as soon as July, departing from initial market reactions to the Fed Chair Jerome Powell’s press conference. Following the Fed’s decision to pause at its June...
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Average American Wages Now Outpace Inflation: A Cause For Pausing Fed Rate Hikes?
Wednesday, June 14, 2023 - 11:47am | 568Whether the Federal Reserve may take a breather when it announces its interest rate decision at 2 p.m. ET on Wednesday remains to be seen. After 10 consecutive rate hikes, the Fed may assess the impacts of its battle against inflation. Seth Golden, Chief Market Strategist at Finom Group, provided...
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Bullish Sentiment Rises As FOMO Kicks In
Tuesday, June 13, 2023 - 1:56pm | 2210Bullish sentiment has surged as the “Fear Of Missing Out,” or FOMO, kicked in in recent weeks. It is somewhat interesting to write this blog, given that we discussed the exact opposite roughly one year ago. “Investor sentiment has become so bearish that it’s...
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Fed Putting Brakes On Rate Hikes Could Be Godsend For These Dividend-Paying Stocks — What You Need To Know
Thursday, June 8, 2023 - 11:34pm | 547Although the Federal Reserve may not be done with its aggressive monetary policy yet, a pause in rate hikes is expected to favor beaten-down dividend-paying consumer staples stocks. These stocks, which are known for their high dividend yields and steady business, ran out of favor this year and are...
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Jim Bianco Blasts Janet Yellen For Saying Tighter Lending Would Negate Need For More Rate Hikes: 'To Be This Cavalier...'
Monday, April 17, 2023 - 3:05am | 468Jim Bianco, President of Bianco Research LLC, has criticized Treasury Secretary Janet Yellen for her take on how a pullback in lending could be a substitute for further interest rate hikes. "I cannot tell you how much I detest this thinking. It’s akin to saying the guy with the blowtorch in...
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Currency Carry Trades Regain Popularity As Global Rates Seemingly Hit Their Peaks: Here's What It Means
Sunday, April 9, 2023 - 11:24pm | 378Interest in the popular currency carry trade is reportedly increasing as rapid rate hikes by major central banks around the world appear to be almost over amid concerns over growth. What Happened: A Bloomberg gauge of borrowing dollars and putting the funds into a basket of emerging currencies...
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'Powell F'ed Everyone': 'Rich Dad Poor Dad' Author Lashes Out At Powell, Yellen And Biden
Thursday, March 23, 2023 - 7:09pm | 721One of the most well-known voices in the financial industry is speaking out against some of the top decision-makers after recent events. What Happened: Author Robert Kiyosaki may be best known for writing “Rich Dad, Poor Dad,” but in recent years has often been a voice supporting...
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More Fed Rate Hikes? No Problem: Why Wharton's Jeremy Siegel Is Optimistic About Economy, Markets
Wednesday, March 8, 2023 - 2:47am | 581Federal Reserve Chair Jerome Powell spooked markets after signaling a possible return to bigger interest rate hikes at the March meeting. Ahead of the first day of Powell’s Congressional testimony, Wharton Professor Jeremey Siegel offered his thoughts on the near...
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Jim Cramer Says Inflation Needs To Cool In These Areas Before Expecting Relief From Rate Hikes
Thursday, March 2, 2023 - 12:32am | 357Prominent market commentator Jim Cramer cautioned investors that interest rates haven't peaked yet and may not begin to fall until inflation cools in three areas. Cramer said there won't be relief from higher interest rates until the price rise phenomenon falls in food, housing, and wages where the...
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Cryptocurrency Market Booms in 2023: Token Universe Surges 42% To $1.1 Trillion
Tuesday, February 28, 2023 - 1:17pm | 427Bank of America (NYSE: BAC) says the cryptocurrency market had a strong start in 2023. The token universe is up 42% year-to-date to $1.1 trillion. Also, 2023 is expected to be the year of token price divergence, with tokens that provide utility and a call on cash flows outperforming meme and...
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These '20 Stocks To Watch' Moved On Last Fed Rate Hike: How Will They React Today?
Wednesday, February 1, 2023 - 1:36pm | 778The Federal Reserve's interest rate hike announcements have the potential to cause significant volatility in the stock market. The last rate hike, on Dec. 14, 2022, when the Fed issued a 50-basis point hike, led to fluctuations in the stock market, with the broad S&P 500 (ARCA: SPY) losing...
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David Rosenberg Says 'Fascinating' How Soft Landing Narrative Is Gaining 'Upper Hand' Despite Decline In Leading Economic Index
Tuesday, January 24, 2023 - 9:29am | 398David Rosenberg, the founder and President of Rosenberg Research & Associates Inc., has highlighted the comparison between the index of leading economic indicators as well as the notion of a soft landing that has been gaining momentum in recent times. What Happened: The Conference Board ...
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Nasdaq, S&P 500 Futures Edgy Ahead Of Data-Heavy Session — Analyst Says Markets In 'Holding Pattern' In Anticipation Of Q4 Results, CPI Print
Thursday, January 5, 2023 - 7:15am | 1141U.S. stocks look set to open Thursday’s session on a nervous note, potentially reversing the gains from the previous session. What Happened: On Wednesday, the major averages opened higher but retreated in late morning trading. Stocks recovered, following the release of the Institute for...