‘We should have an objective definition’ Officially, the NBER defines a recession as “a significant decline in economic activity that is spread across the economy and lasts more than...
Tag: Jerome Powell
What this ‘play the recovery’ strategy says about hot bond demand
A recent trend in the exchange-traded funds market suggests bond demand is far from cooling. Corporate, government and high-yield bond ETFs saw inflows last month after lower bond prices and higher yi...
Here’s Why More Fed Officials Are Warning That The Market Is Getting Ahead Of Itself
Topline An increasing number of Federal Reserve officials are pushing back against the latest market rally, dismissing recent optimism about an upcoming “pivot” in monetary policy as wishful thinking ...
Are We In Recession Yet?
Federal Reserve Board Chairman Jerome Powell. (Photo by Alex Wong/Getty Images) Getty Images Spring seems to have brought a second quarterly decline in real gross domestic product (GDP). Since this ma...
Stocks Rally Despite U.S. GDP Shrinking For A Second Quarter In A Row—But Experts Say No Recession Yet
Topline The stock market moved higher on Thursday despite U.S. economic growth contracting for the second quarter in a row, a significant recession indicator which spooked markets—though most experts ...
Market jump after Fed hike is ‘trap,’ Morgan Stanley warns investors
Morgan Stanley is urging investors to resist putting their money to work in stocks despite the market’s post-Fed-decision jump. Mike Wilson, the firm’s chief U.S. equity strategist and chi...
Dow Jumps 400 Points After Fed Hikes Rates By 75 Basis Points
Topline The stock market jumped on Wednesday after the Federal Reserve raised interest rates by 75 basis points for the second consecutive month in a row, with Fed Chair Jerome Powell hinting that the...
Fed Chair Jerome Powell said he does not think the U.S. is currently in a recession
Federal Reserve Chairman Jerome Powell said Wednesday he does not believe the U.S. economy is in a recession as the central bank raised rates further to fight inflation. “I do not think the U.S....
Stocks Rally Ahead Of Fed Decision, Microsoft And Alphabet Rise After Earnings
Topline The stock market moved slightly higher on Wednesday morning thanks to a boost from Big Tech stocks like Microsoft and Alphabet, which both rallied despite missing earnings estimates, while inv...
How the Federal Reserve fights inflation through interest rate hikes
Top officials at the Federal Reserve were seeing inflation data come in very hot for months before policymakers moved to wind down monetary policies that were stimulating the economy. A chorus of anal...
After Fed Raises Interest Rates Wednesday, Investors to Look for Clues About What’s Next
After the Federal Reserve lifts its benchmark interest rate on Wednesday, attention will turn to what Chairman Jerome Powell says about a rate increase at the central bank’s meeting in September. The ...
There Are Signs Inflation May Have Peaked, but Can It Come Down Fast Enough?
Growing signs that price pressures are easing suggest that June’s distressingly high 9.1% increase in consumer prices will probably be the peak. But even if inflation indeed comes down, economists see...
The Inflation Picture Darkens
Grocery shopping. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty … [+] Images) AFP via Getty Images Early July brought news that tells Americans two things: First, ...
Here’s What Another China Lockdown Could Mean For The U.S. Economy
More Covid lockdowns in China would be “another headache” for the Federal Reserve in its battle against inflation, experts say, though global supply-chain bottlenecks are easing. If there’s any indica...
Buy Healthcare Stocks To Beat Surprise Scourge Of Deflation
Investors should be weary of what the downturn in key commodity prices portends. While the large … [+] investment research firms worry about inflation, deflation is going to be much worse for co...
Powell, Clarida cleared of wrongdoing in Fed trading controversy
Federal Reserve Board Chairman Jerome Powell speaks to reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflati...
How inflation can hurt and help consumers, according to economists
A person shops for groceries on March 10, 2022 in the Prospect Lefferts Garden neighborhood of Brooklyn. Michael M. Santiago | Getty Images News | Getty Images Inflation hit a new 40-year high in June...
Labor Market Added 372,000 Jobs In June As Layoffs And Recession Fears Grow
Topline The U.S. labor market—one of the economy’s strongest pillars during the pandemic recovery—added back 372,000 jobs in June, performing better than economists projected amid concerns the Federal...
Federal Reserve Prepares More Big Rate Hikes Amid Risk That High Inflation Could ‘Become Entrenched’
Topline Federal Reserve officials reaffirmed their commitment to fighting inflation with big rate hikes and pledged to use “more restrictive policy” as needed, especially amid “significant risk” that ...
Number Of Open Jobs In U.S. Fell In May — Here’s What It Means For The Labor Shortage
Topline Job openings continued to dwindle for the second straight month, while the number of hires and discharges remained steady, according to new data for the month of May from the Bureau of Labor S...
Investor delivers new tech ‘bubble’ warning
The recent tech rally may be doomed. Money manager Dan Suzuki of Richard Bernstein Advisors warns the market is far from bottoming — and it’s a concept investors fail to grasp, particularly when...
Powell vows to prevent inflation from taking long-run hold in the U.S.
U.S. Federal Reserve Board Chair Jerome Powell testifies before a House Financial Services Committee hearing in Washington, U.S., June 23, 2022. Mary F. Calvert | Reuters Federal Reserve Chairman Jer...
Watch Fed Chair Powell talk live about the economy, interest rates at ECB forum
[The stream is slated to start at 9 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Wednesday to a European Central Bank ...
RBC top analyst sees comeback
Investors who are “apathetic” or negative toward banks will change their stance in the year’s second half, according to RBC Capital Markets’ top banking analyst. Gerard Cassidy...
Dow Jumps 800 Points, Stocks Snap Three-Week Losing Streak After Inflation Expectations Ease
Topline The stock market rebounded strongly on Friday, posting its first positive week this month as recession fears subsided somewhat thanks to positive economic data suggesting that inflation may ha...
Consumer sentiment survey followed by the Fed shows inflation expectations ease slightly
A shopper inside a women’s clothing store in the East Village neighborhood of Des Moines, Iowa, on Saturday, Feb. 5, 2022. Kathryn Gamble | Bloomberg | Getty Images A widely followed consumer se...
Why A Strong Dollar And Retail Inventory Blunders Could Help Push Inflation Down By Next Year
Topline Despite increased concerns over a looming recession, a growing number of experts believe that upcoming discounts and easing supply chain disruptions may help cool the rate of inflation more qu...
S&P 500 rebounds into the green as market attempts comeback from depths of the bear market
The S&P 500 rose Wednesday, continuing gains from the previous session as stocks attempted a comeback from the lows of the bear market. The broader market index rose 0.5%, while the Dow Jones Indu...
Powell tells Congress the Fed is ‘strongly committed’ to bringing down inflation
Federal Reserve Chairman Jerome Powell told congressional lawmakers Wednesday that the central bank is determined to bring down inflation and has the ability to make that happen. “At the Fed, we...
Powell Says Fed Will Continue Hiking Rates Until There Is ‘Compelling Evidence’ That Inflation Is Slowing
Topline Federal Reserve Chairman Jerome Powell pledged in testimony before Congress on Wednesday that the central bank is “moving expeditiously” to raise interest rates and remains “strongly committed...