Inflation is far from over, Federal Reserve Chair Jerome Powell said Wednesday, but a rate-hike slowdown is still on the table for December. Regardless, according to the central bank head, rates will ...
Tag: Jerome Powell
Fed Chair Jerome Powell says smaller rate hikes could come in December
WASHINGTON – Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead even as he sees progress in the fight against inflation as largely inadequ...
Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession
Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Elon Musk thinks a recession is coming and worrie...
Double-digit percentage drop will hit stocks in 2023: Morgan Stanley
Investors may be on the doorstep of a deep pullback. Morgan Stanley’s Mike Wilson, who has a S&P 500 year-end target of 3,900 for next year, warns corporate America is getting ready to unlea...
JPMorgan Forecasts ‘Mild Recession’ In 2023— Here’s What Major Financial Institutions Predicted This Week
Topline JPMorgan became the latest major financial institution to predict a recession in the U.S. in 2023—albeit a “mild” one—joining banking giants like Bank of America making similar projections eve...
Markets Soar As Inflation Hits Lowest Level Since January
Markets made big gains off a positive inflation report. (Photo by Spencer Platt/Getty Images) Getty Images Key takeaways Inflation has increased 0.4% in October, below forecasts of 0.6%. This brings t...
Slowest Pace Since January But High Food, Rent Prices Remain ‘Problematic’
Topline Inflation grew at the slowest pace since January last month as the Federal Reserve’s interest rate hikes tank sectors of the economy in an effort to cool demand and tame rising prices—a potent...
Jay Powell Just Made These 9.7%+ Dividends Even Cheaper
WASHINGTON, DC – JANUARY 29: Federal Reserve Board Chairman Jerome Powell speaks during a news … [+] conference after a Federal Open Market Committee meeting on January 29, 2020 in Washing...
Fed Suggests It May Begin To Slow Pace Of Interest Rate Hikes And Labor Market Sees Healthy Report For October
Corbis via Getty Images TL;DR Fed chairman Jerome Powell announced a 0.75 percentage point increase to interest rates, but suggested that the pace of the hikes may slow Peak interest rates are now exp...
Tech can’t find a bottom; industrial, consumer stocks bounce
Lots of companies got clocked last week. We saw weakness in a host of industries everything from media to gambling to cloud computing and software sales. The pain in the technology sector seems to kno...
How Much Did The Fed Raise Interest Rates This Week?
Getty Images Key takeaways The Federal Reserve hiked interest rates for the sixth time this year on Wednesday The 75 basis point (0.75%) rate hike is the fourth consecutive hike of its size Though inf...
Dow Falls 700 Points As Powell Says There’s A ‘Ways To Go’ For Rate Hikes
Topline Stocks fell Wednesday as Federal Reserve Chairman Jerome Powell crushed short-lived optimism about monetary policy loosening any time soon. Jerome Powell said Wednesday interest rates have a w...
Fed Chair Jerome Powell—Haunted By The Ghost Of Paul Volcker—Could Tank The Economy
Federal Reserve Chairman Jerome Powell (right) is a big fan of the late Paul Volcker, the Fed chairman who ruthlessly crushed inflation in the early 1980s. L to R: Scott J Ferrell/Congressional Quarte...
Fed Chair Calls Housing Market “Very Overheated”
Fed chair Jerome Powell, sees that the U.S. housing market is under stress and thinks that may be … [+] necessary for the economy. (Photo by Tim Boyle/Getty Images) Getty Images Jerome Powell sa...
Fed approves 0.75-point hike to take rates to highest since 2008 and hints at change in policy ahead
The Federal Reserve on Wednesday approved a fourth consecutive three-quarter point interest rate increase and signaled a potential change in how it will approach monetary policy to bring down inflatio...
Why The Fed’s December Meeting May Help Signal Peak Interest Rates
The Fed’s November rate announcement may have set up a slightly more dovish stance for monetary … [+] policy as we enter 2023 Photographer: Al Drago/Bloomberg © 2022 Bloomberg Finance LP O...
Here’s the key change in the Fed’s statement that’s moving markets
The Fed introduced a key change to its policy statement on Wednesday, which Wall Street traders are interpreting as a sign that the central bank could soon slow its rake hikes. Notably, the statement ...
What The Fed’s November Rate Hike Means For Investors
Getty Images Key takeaways The U.S. central bank is preparing to release November’s Fed rate hike decision by Wednesday Investors and economists widely expect the Fed to hike interest rates by 0.75% i...
Powell again is facing political pressure as worries mount over the economy
Jerome Powell, chairman of the US Federal Reserve, speaks during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images Federal Reserve Chairman Je...
Biden’s Asian Bankers Mull $3.5 Trillion Margin Call
Joe Biden wants to avoid a major pivot away from the dollar by Asian central banks. ANDREW CABALLERO-REYNOLDS/AFP via Getty Images As U.S. Treasury yields edge upward toward 5%, Asia is experiencing m...
Here’s what the Wells Fargo cross selling scandal means for the bank
Wells Fargo is one of the oldest and most powerful banks in the United States. Its reputation today is in tatters, following a notorious scandal that is still unfolding. Reports of fraudulent activity...
Moody’s Mark Zandi sees relief within 6 months
The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics. His call, which comes on the cusp of another key inflation report, hinges on oil prices s...
Fed Acknowledges Rate Hikes Will Fuel Unemployment—But Warns Inflation Could Cause ‘Far Greater Economic Pain’
Topline Ahead of a critical inflation reading, the Federal Reserve on Wednesday indicated it would continue an aggressive interest rate hiking campaign until there was more clear evidence that inflati...
Inflation Predictions: The Labor Market Remains Resilient
Getty Images TL;DR • The latest jobs report is out and the economy added 263,000 new non-farm payrolls in September • Inflation continues to be a hot topic, with a very slight reduction predicted ahea...
Inflation Predictions Ahead Of This Week’s Figures And The Labor Market Remains Resilient
Getty Images TL;DR • The latest jobs report is out and the economy added 263,000 new non-farm payrolls in September • Inflation continues to be a hot topic, with a very slight reduction predicted ahea...
New Jobs Report Lands With 263,000 Added In September
Private non-farm payrolls were up 263,000 in September (Photo by Carl Court/Getty Images) Getty Images In figures that have just been released by the Bureau of Labor Statistics, there were a total of ...
What Is A Growth Recession Exactly?
| Getty Images Key Takeaways A growth recession involves a period of slow economic growth along with rising unemployment rates, but without a full contraction in the economy. The Fed Chair Jerome Powe...
Why the Federal Reserve won’t be so quick to ease up on its fight against inflation
Jerome Powell, chairman of the US Federal Reserve, speaks during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022. Federal Reserve officials this week gave their clearest signal ...
Four Reasons Why The Federal Reserve Is Tightening Into A Recession
What is Jerome Powell thinking? Getty Images For the first time since the early 1980s, the Federal Reserve is tightening into a recession. The economy is slowing quickly, and leading economic indicato...
Dow Drops Over 450 Points, Markets Sink Following Flurry Of Worrisome Economic Data
Topline Fueled by a drop in big technology stocks and pandemic darlings, the market tanked Thursday as investors backed off of Wednesday’s cautious optimism, with several macroeconomic indicators high...