Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference following a … [+] Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Feb. 1, 202...
Tag: Jerome Powell
Jim Bianco warns stocks face serious competition
Traditional savings accounts are going up against stocks. And, the winner may be your neighborhood bank for the first time in years, according to Wall Street forecaster Jim Bianco. He contends rising ...
Popular ETF strategy shift may benefit investors
With Wall Street jitters increasing over the number of interest rate hikes ahead, VettaFi’s Todd Rosenbluth sees signs of a comeback in managed fixed-income exchange-traded funds. “It̵...
Is Inflation Now Out Of Control?
UNITED KINGDOM – OCTOBER 17: Upper detail of Phillip’s Economic Computer, the machine conceived by … [+] Bill Phillips (1914-1975), a New Zealand-born engineer turned economist. Phil...
U.S. CPI Drops Slightly In January, But Fed Now Expects Higher Rates For Longer
Inflation fell less thank expected in January Getty Key Takeaways Year-over-year inflation cooled slightly in January, but less than economic experts forecasted Monthly inflation painted a more concer...
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...
Fed is not your friend
As Wall Street gears up for key inflation data, Wells Fargo Securities’ Michael Schumacher believes one thing is clear: “The Fed is not your friend.” He warns Federal Reserve chair J...
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 Governor Christopher Waller warns that interest rates could go higher than expectations
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday...
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...
Fed Chief Powell says the disinflationary process has begun, but has a long way to go
Federal Reserve Chairman Jerome Powell said Tuesday that inflation is beginning to ease, though he expects it to be a long process and cautioned that interest rates could rise more than markets expect...
Watch Federal Reserve Chair Jerome Powell discuss inflation, interest rates and the economy
[The stream is slated to start at 12:40 a.m.ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Tuesday afternoon in a question-an...
What’s The US’ Projected Inflation Rate In 2023?
Getty Getty Key takeaways Inflation has decreased in the US six months in a row, a sign that the Fed’s aggressive interest rate-raising approach is working Stock markets have enjoyed a brief bump than...
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...
Strong Labor Market Lends Itself To More Fed Hikes, But Not For Long
Pedestrians walk past a Now Hiring sign in Arlington, Virginia. (Photo by STEFANI REYNOLDS/AFP via … [+] Getty Images) AFP via Getty Images Friday’s amazing job numbers — which continue to hit i...
Here’s everything the Fed is expected to do Wednesday
Federal Reserve Board Chairman Jerome Powell holds a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Buildi...
Investors dangerously ignoring bear market impact on earnings
Famed short seller Jim Chanos sees an alarming trend in the market. “I’ve been on the Street [since] 1980 [and] not one bear market has ever traded above nine times to 14 times the previou...
What To Look For In The Fed’s February Interest Rate Announcement
Jerome Powell, chairman of the US Federal Reserve, will announce the Fed’s decision on interest … [+] rates on February 1, 2023 Photographer: Ting Shen/Bloomberg © 2022 Bloomberg Finance L...
U.S. Economy Shows Resilience Amid Recession Predictions For 2023
AFP via Getty Images TL;DR U.S. GDP increased at an annualized rate of 2.9% in Q4, ahead of the 2.6% which had been projected Despite the positive news, two thirds of economists at the World Economic ...
Markets Are Complacent Ahead Of The Fed Meeting
Jerome Powell, Chairman of the Federal Reserve Board, testifies during a House Financial Services … [+] Committee hearing on Capitol Hill in Washington, DC, February 27, 2018. (Photo by SAUL LOE...
Central Banks And Geopolitics – Will They Become Monetary Battleships?
UNITED STATES – NOVEMBER 01: Paul Volcker, Chairman Federal Reserve Board, speaking at Domestic … [+] Policy Subcommittee meeting. (Photo by Diana Walker/Getty Images) Getty Images William...
An Unstoppable Stock Market Is About to Meet the Immovable Fed
The stock market has acted as if the Federal Reserve doesn’t exist as it jumps out to a quick start to the year. Expect Fed Chairman Jerome Powell to remind it when the central bank hikes interest rat...
Fed Chair Powell’s Speech Warns Of Unpopular Decisions To Calm Price Stability
Getty Images Key takeaways Federal Reserve Chair Jerome Powell made comments at a symposium in Sweden on January 10 that, if taken out of context, could be seen as precursors of unpopular Fed policy i...
JPMorgan’s Kolanovic sees correction, hard landing
JPMorgan’s Marko Kolanovic is abstaining from the early 2023 rally. Instead, the Institutional Investor hall-of-famer is bracing for a 10% or more correction in the first half of this year, tell...
Want To Know Where House Prices Are Heading In 2023? Watch Mortgage Rates
SAN FRANCISCO – JANUARY 30: A for sale sign is seen on a single family home January 30, 2008 in … [+] Vallejo, California. According to the California Association of Realtors in December s...
Employment Remains Strong And Inflation Is Receding In Spite Of Recession Fears
Getty Images Key takeaways: The American economy is doing well when we look at unemployment and inflation numbers. But the stock market isn’t – reminding us that the two are not the same. While there ...
IMF Chief Predicts A Recession For Developing Countries In 2023
AFP via Getty Images Key takeaways: IMF Managing Director Kristalina Georgieva is predicting that one-third of the world’s economies will slip into recession in 2023, with the biggest impacts being fe...
Fed directs big banks to disclose how they are preparing for climate change risks
The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, January 26, 2022. ...
Inflation Records Biggest Drop In Almost 3 Years
(Photo credit should read JOHN THYS/AFP via Getty Images) AFP via Getty Images Key Takeaways Inflation fell in December, with the overall Consumer Price Index (CPI) falling 0.1% for the month. It’s th...
Time for the Fed to declare victory on inflation? Not yet
A man pumps gas at a gas station in the Brooklyn borough of New York, the United States, Dec. 13, 2022. Michael Nagle | Xinhua News Agency | Getty Images December’s monthly decline in the consum...
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...