Topline The stock market moved higher on Friday after the August jobs report came in slightly lower than expected and dropped significantly from last month, which helped ease investor concerns that a ...
Tag: Jerome Powell
Unemployment Rate Unexpectedly Rose To 3.7% In August As Layoffs Continue To Spike
Topline The unemployment rate unexpectedly rose last month as the economy added another 315,000 jobs—signaling the labor market, which has remained one of the economy’s strongest pillars during the pa...
The Stock Market’s Summer Rally Is Over And Investors Should Prepare For A Rough September
Topline The summer stock market rally appears to have fizzled out after steep declines in August, and experts warn investors should expect more volatility in September, which is historically the marke...
Fed’s Williams pushes back on expectations of a rate cut next year
John Williams, chief executive officer of the Federal Reserve Bank of New York, speaks at an event in New York, November 6, 2019. Carlo Allegri | Reuters New York Federal Reserve President John Willia...
Fed’s ‘Ghost Of 1994’ Is Haunting Asian Markets
Alan Greenspan doubled short-term interest rates in just 12 months which set the stage for the Asia financial crisis. Mark Wilson/Getty Images Asia will always have complicated feelings about Alan Gre...
We’re going to have one whopper of a recession in 2023
The U.S. economy is going to fall into a recession next year, according to Steve Hanke, a professor of applied economics at Johns Hopkins University, and that’s not necessarily because of higher...
U.S. needs miracle to avoid recession, economist Stephen Roach warns
Negative economic growth in the year’s first half may be a foreshock to a much deeper downturn that could last into 2024. Stephen Roach, who served as chairman of Morgan Stanley Asia, warns the ...
Pow! Right in the ticker, Fed chair sends markets lower: This week in markets
Crypto markets fell at the end of the week in what appeared to be a reaction to Fed Chair Jerome Powell’s speech in Wyoming. Bitcoin was down 4.98% over the past seven days at the time of writi...
Market Experts Predict Further Volatility As Fed Rate Hikes Leave ‘Little Room’ For Soft Landing
Topline Following hawkish commentary last Friday from Federal Reserve chair Jerome Powell—who said that it would take “some time” to bring down inflation with ongoing interest rate hikes—experts warn ...
Fed rate hikes won’t curb inflation if spending stays high, paper says
John C. Williams, president and chief executive officer of the Federal Reserve Bank of New York, Lael Brainard, vice chair of the Board of Governors of the Federal Reserve, and Jerome Powell, chair of...
What Stocks May Do Well As The Fed Tightens
Federal Reserve Board Chairman Jerome Powell(Photo by Alex Wong/Getty Images) Getty Images He wasn’t kidding. Jerome Powell, chairman of the Federal Reserve Board, said Friday that the Fed’s Open Mark...
Bitcoin drops below $20,000 to lowest level since mid-July as investors dump risk assets
Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Bitcoi...
U.S. Dollar Hits Two Decade High: Here’s What That Means
Topline The U.S. dollar hit a two-decade high on Monday, responding to Federal Reserve Chairman Jerome Powell’s comments that the central bank will continue to tackle inflation “forcefully”—signaling ...
Elizabeth Warren ‘Very Worried’ Fed’s Interest Rate Hikes Could Spark A Recession
Topline Sen. Elizabeth Warren (D-Mass.) said Sunday she is “very worried” the Federal Reserve’s moves to fight inflation will “tip the economy into recession,” after Fed Chair Jerome Powell warned eco...
Markets whipsaw following Jerome Powell’s hawkish speech at Jackson Hole
Crypto prices swung on Friday as Fed chair Powell spoke about the pain of inflation. Crypto prices rose in the hour leading up to the speech, bitcoin was trading a little higher than $21,800 and ether...
King Dollar? How The U.S’s Mighty Greenback’s Could Roar
The George Washington detail on the one-dollar banknote superimposed on computerized people … [+] silhouettes, US, 1982. (Photo by Alfred Gescheidt/Getty Images) Getty Images While soaring infla...
Fears Return As Fed Warns Americans Of ‘Some Pain’ As Economy Braces For More Job Cuts
Topline Though they had recently cooled, fears of an impending recession once again escalated Friday after Federal Reserve Chair Jerome Powell warned economic growth will suffer as the central bank wo...
Dow Plunges 1,000 Points After Fed Chair Powell Warns Inflation Requires ‘Restrictive’ Policy For ‘Some Time’
Topline Stocks posted their worst day in months on Friday after Federal Reserve Chair Jerome Powell in his highly awaited Jackson Hole speech doubled down on the central bank’s commitment to eas...
Stocks Plunge After Powell Warns Inflation Requires ‘Restrictive’ Policy For ‘Some Time’
Topline Stocks took a hit Friday after Federal Reserve Chair Jerome Powell in his highly awaited Jackson Hole speech doubled down on the central bank’s commitment to ease decades-high inflation ...
Where The Feds Go To “Retreat”
The sign reads “howdy stranger yonder is Jackson Hole, last of the old west. On top of Teton Pass … [+] Wyoming getty Jackson Hole, Wyoming is where Federal Reserve Bank big shots go in la...
Watch Federal Reserve Chair Jerome Powell speak live at Jackson Hole
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell delivers a speech at the central bank’s ...
Powell warns of ‘some pain’ ahead as Fed fights to lower inflation
Federal Reserve Chairman Jerome Powell delivered a stern commitment Friday to halting inflation, warning that he expects the central bank to continue raising interest rates in a way that will cause &#...
China’s GDP Woes Crash Fed’s Jackson Hole Party
Jerome Powell speaks during a Bloomberg Television interview during the Jackson Hole economic symposium in Moran, Wyoming, U.S. David Paul Morris/Bloomberg Not since 1997 have central bankers gatherin...
Here’s Why The Fed’s Jackson Hole Symposium Isn’t A Big Deal For Investors
Topline While traders will be closely watching the Federal Reserve’s annual Jack Hole symposium for clues on future interest rate hikes, history shows that the event rarely moves markets in a big way ...
Central Bank Hawkishness Hasn’t Faded Yet Despite Lower Inflation
Fed Chairman Jerome Powell. More interest rate hikes to curb inflation. As it is now, anyone who got … [+] a 5% raise last year has last it all, and then some. (Photo by Scott Olson/Getty Images...
Fed Officials Pledge More Big Rate Hikes Until There Is A ‘Meaningful’ Decline In Inflation
Topline The Federal Reserve reaffirmed that it is unlikely to take its foot off the pedal as it continues to raise interest rates until inflation eases in a meaningful way, with officials indicating t...
Alan Greenspan’s Genius at the Federal Reserve Was In Hiding How Little He Knew
It’s a bit of unreported on history that will eventually vanish, but back in 2005 Ben Bernanke went on a “listening” and “courting” tour. This thoroughgoing Keynesian who believed deeply that economic...
China’s ‘Zero-Covid’ Fiasco Will Give Dollar Rally New Life
The dollar remains an oasis of stability in a world of volatility. getty People betting that the U.S. dollar’s slide will continue might want to pay more attention to what’s afoot in Asia. Or, perhaps...
Fed expected to stick with hawkish interest rate hikes, strategists say
The Federal Reserve is unlikely to pivot from its hawkish interest rate hikes despite positive signs this week that inflation in the U.S. could be easing, according to market strategists. On Thursday,...
Wage inflation, used car prices could jump higher: Jim Bianco
Washington’s efforts to curb inflation will fall short particularly this year, according to market forecaster Jim Bianco. And, he believes this week’s key inflation data will help prove it...
Fed Chair Powell’s Comments Are Reason For Optimism, Not Fear
Federal Reserve Chair Jerome Powell (Photo by Win McNamee/Getty Images) Getty Images Forget Jerome Powell’s “pain” forecast and the stock market’s 1000-point drop. The signific...