Digital rights group Fight for the Future isn’t convinced by a new CBDC anti-surveillance bill pitched to the US House Financial Services Committee. US Congressman Tom Emmer introduced the “CBDC Anti-...
Tag: Federal Reserve
Inflation Ran Hot in January. The Hidden Reasons Rate Hikes Aren’t Working—Yet
Inflation data published Friday show that consumer price growth reaccelerated in January, marking the latest sign that the U.S. economy is defying the Federal Reserve’s attempts to cool demand. The da...
Rate Hikes Will Continue but Peak This Year, Fed Minutes Show
Crypto faltered and stocks traded sideways after Federal Reserve minutes revealed the central bank has more room to hike interest rates to combat rampant inflation. “All participants” see intere...
Fed Hikes May Put More Pressure On U.S. House Prices
Residential homes in Teaneck, New Jersey, US, on Thursday, Nov. 24, 2022. Real estate agents … [+] struggle to find listings as deals decline, mortgage rates remain high and signs point to leane...
Federal Reserve Frets $31 Trillion Time Bomb Along With Asia
As the deadline for raising the federal debt limit approaches, Kevin McCarthy (R-CA) said he would lead his caucus in opposition to President Joe Biden’s legislative agenda. Chip Somodevilla/Get...
Fed Wants ‘Substantially’ Lower Inflation Before Easing Interest Rates—And Some Officials Backed More Aggressive Hikes
Topline With inflation continuing to run hotter than expected, the Federal Reserve is showing no signs of backing down on its aggressive monetary policy, according to notes from the Fed’s policy...
Higher Interest Rates Might Drive Inflation, And We Need To Decide Very Quickly If That Is True
A surprising number of economists have recently said that they believe high rates drive inflation. This is scary for two reasons. The first reason is that the people in charge may be wrong about one o...
How High Could U.S. Interest Rates Rise In 2023?
Jerome Powell, chairman of the US Federal Reserve, during an interview for an episode of “The David … [+] Rubenstein Show: Peer-to-Peer Conversations” at the Economic Club of Washing...
Whatever Happens With ‘Inflation,’ Don’t Cheer/Jeer the Fed for the Outcome
It was reported last week that the January Consumer Price Index (CPI) rose .5%, which was up from the previous month. So while the number is falling, some think the .5% jump versus .1% the previous mo...
Redfin Is Upbeat About This Year. So Is Wall Street.
Text size Redfin reported a smaller earnings loss than expected for the fourth quarter and full year. Elijah Nouvelage/Bloomberg Redfin has reported a smaller-than-feared earnings loss. Analysts respo...
A Debt-Ceiling Fight Could Raise U.S. Borrowing Costs and Worsen Budget Deficits
Illustration by Chris Cash Text size About the authors: Arvind Krishnamurthy is the John S. Osterweis professor of finance at the Stanford Graduate School of Business. Hanno Lustig is the school’s Miz...
A Sideways Stock Market and the Case for Selling in March
Investors have heard the dictum “sell in May and go away.” This year they might want to consider selling in March. The May adage follows from market seasonality. Historically, investors have realized ...
Strong Economic Data Weaken the Case for Continued Stock Rally
The dash for trash has hit a speed bump. Stocks faltered again this past week as the early-year rally, led by rebounds in 2022’s speculative-grade losers, ran into resistance from higher expected inte...
Crypto markets rebound as Silvergate soars 16% on Citadel Securities, Susquehanna stakes
Cryptocurrency prices rebounded after yesterday’s decline, when the New York Department of Financial Services announced it will pursue regulatory action against stablecoin provider Paxos. ...
Inflation Fell To 6.4% In January—But Is Still Worse Than Economists Expected As Rent, Food And Gas Prices Keep Rising
Topline Annual inflation in January fell for a seventh straight month but prices still rose more than economists projected since December—signaling inflation may take longer than previously thought to...
Crypto markets wrought ahead of US inflation data as regulatory issues steal focus
Crypto markets were roiled by the SEC last week, and now there’s even more uncertainty after the New York Department of Financial Services ordered Paxos to stop issuing BUSD. Next up is U.S. inf...
The Good News, The Not-So-Good News, And The Bad News
HOUSTON, TEXAS – AUGUST 15: Cartons of eggs are seen for sale in a Kroger grocery store on August … [+] 15, 2022 in Houston, Texas. Egg prices steadily climb in the U.S. as inflation conti...
Fed Board Prohibits Member Banks from Holding Cryptoassets as Principal
A new US Federal Reserve rule has further cemented the central bank’s wariness about cryptoasset activities. A statement issued by the board of governors of the Federal Reserve System on Tuesday clari...
Did The Fed Decide To Raise Interest Rates This Week? Here’s The Economic Outlook
Getty Images Key takeaways The Fed raised its benchmark rate by 0.25% at its most recent meeting This broke a trend of four consecutive meetings with rate increases of 0.75% Though inflation has eased...
Fed Chair’s Comments Spawn Market Volatility
After a mixed trading session Tuesday, Federal Reserve Chair Jerome Powell sent markets clearly into the green. In his first public remarks since his post-FOMC press conference earlier this month, Pow...
Powell Warns Another Hot Jobs Report Could Trigger More Rate Hikes—Here’s What That Means For The Stock Market
Topline Stocks whipsawed Tuesday after Federal Reserve chairman Jerome Powell said further increases to the federal funds rate may be necessary to tame inflation, heightening fears over the central ba...
Bitcoin, ether retrench after rising with traditional markets on Fed Chair comments
Cryptocurrencies rose alongside traditional markets in response to comments delivered by Federal Reserve Chair Jerome Powell at The Economic Club in Washington before turning lower. Bitcoin rose...
Crypto markets tread water ahead of Fed speech
Cryptocurrency prices were little change alongside other risk assets ahead of Federal Reserve Chair Jerome Powell’s speech this afternoon at the Economic Club of Washington. Bitcoin was tr...
Job Numbers Keep Climbing, Sinking Chances of Rate Cuts
What did you know and when did you know it? If one were to pose that Watergate-era question to Federal Reserve Chairman Jerome Powell, on the issue of whether he gets an advance peak at key economic d...
The Stock Market Is in the Mood to Rally, Even if It Defies Logic
Text size John Taggart/Bloomberg Oh, what a difference a few simple words can make. “The disinflationary process has started,” said Federal Reserve Chairman Jerome Powell at Wednesday’s press conferen...
Workers At Cleveland REI Store File For Union Election With The NLRB
Workers at REI’s store outside Cleveland, Ohio. The employees who want to unionie, stage a walkout. Courtesy of the RWDSU On January 11, a delegation of workers from the REI store in Cleveland, ...
Why Are Stocks On A Roll? It’s The Liquidity, Stupid
It’s been easy to miss, but central banks are once again turning on the monetary faucets. getty The stability of the international government-bond market matters more to central bankers than ste...
U.S. Debt Is Over $30 Trillion. Who’s on the Other Side of Those Liabilities?
About the authors: Paul J. Simko is the Frank M. Sands Sr. associate professor of business administration at the University of Virginia Darden School of Business. Richard P. Smith is managing director...