Topline Stocks fell on Wednesday as a growing number of major Wall Street firms warned that the likelihood of a recession has risen sharply, predicting that markets could tank even further as the Fede...
Tag: Jerome Powell
Dow Jumps 400 Points Even As Experts Warn Recession Could Lead To Further Stock Selloff
Topline Stocks moved higher on Tuesday as the market attempted to recover from its worst week since March 2020, despite the fact that investors widely remain nervous about surging inflation and rising...
Treasury Secretary Yellen Says Recession Not ‘At All Inevitable’—But Inflation Is ‘Unacceptably High’
Topline Treasury Secretary Janet Yellen said Sunday a recession is not “at all inevitable,” though she warned economic growth could slow, days after the Federal Reserve hiked interest rates to fight i...
Here are three things the Fed’s done wrong, and what’s still not right
The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., June 14, 2022. Sarah Silbiger | Reuters After years of being a beacon for financial markets, the Fede...
Stocks Post Worst Week Since March 2020 Amid ‘Deafening’ Recession Worries
Topline The stock market struggled for direction on Friday after brutal selloffs in recent days, with the benchmark S&P 500 on track for its worst week since March 2020 as investors brace for a lo...
The Impact Of The Fed Rate Hike And What To Expect Next
Getty Images Takeaways The Federal Reserve hiked its target federal funds rate by 0.75% on Wednesday Stocks rallied Wednesday on the news before falling again by Thursday’s close Consumers can expect ...
Fed promises ‘unconditional’ approach to taking down inflation in report to Congress
U.S. Federal Reserve Board Chairman Jerome Powell takes questions after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflat...
Stocks On Track For Worst Week Since March 2020 Amid ‘Deafening’ Recession Worries
Topline The stock market moved slightly higher on Friday as it attempts to rebound from a brutal selloff, with the benchmark S&P 500 on track for its worst week since March 2020 as investors brace...
Powell vows that the Fed is ‘acutely focused’ on bringing down inflation
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...
Dow sinks 700 points, dropping back below 30,000 to the lowest level in more than a year
The Dow Jones Industrial Average tumbled below the key 30,000 level on Thursday as investors worried the Federal Reserve’s more aggressive approach toward inflation would bring the economy into ...
Wealth Management Firms Thinking Happy Thoughts Amid Ugly Bear Market
Despite a bear market, many on Wall Street are optimistic about the long term prognosis for the … [+] economy and markets. LightRocket via Getty Images “The underlying US economy is going to be ...
A day after Powell’s assurances, markets are worried something breaks
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...
The Federal Reserve Cannot ‘Tighten’ Credit, and It Never Could
Back before Facebook was a public company, founder Mark Zuckerberg had a bit of a reputation with venture capitalists. He would show up to meetings in shorts, flip flops, and with messy hair. His not-...
Dow Jumps 300 Points After Powell Says Fed Could Hike Rates By 75 Basis Points Again In July
Topline The stock market moved higher on Wednesday after the Federal Reserve raised interest rates by 75 basis points—the largest increase in 28 years, while Fed Chair Jerome Powell also signaled that...
Here’s what the Fed’s highest rate hike in 28 years means for you
What the federal funds rate means to you The federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one another overnight. Although that’s n...
Stocks Pare Back Gains After Federal Reserve Hikes Rates By 75 Basis Points
Topline The stock market opened higher on Wednesday but pared back gains after the Federal Reserve raised interest rates by 75 basis points—the largest increase in 28 years, as investors continue to w...
‘Don’t Be Fooled’ By Latest Rally As Stocks Prepare For Looming Fed Rate Hikes, Experts Warn
Topline The stock market moved higher on Wednesday as investors nervously look ahead to the conclusion of the Federal Reserve’s upcoming policy meeting, with the central bank now expected to hike inte...
Here’s everything the Fed is expected to announce, including the biggest rate hike in 28 years
US Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, DC, on May 4, 2022. Jim Watson | AFP | Getty Images The Federal Reserve on Wednesday is expected to do somethin...
Inflation and Fed sparking one way trip to market misery: Jim Bianco
Until inflation peaks and the Federal Reserve stops hiking rates, market forecaster Jim Bianco warns Wall Street is on a one way trip to misery. “The Fed only has one tool to bring in inflation ...
Here’s How Markets Reacted Last Time The Fed Hiked Rates By 75 Basis Points
Federal Reserve Chair Jerome Powell. Alex Brandon/ASSOCIATED PRESS The stock market carnage this year continues to get worse, with the S&P 500 recently falling into a bear market amid rising fears...
Fed’s inflation battle to worsen market turmoil: Canaccord’s Dwyer
Stocks may go into a deeper tailspin. Canaccord Genuity’s Tony Dwyer predicts 1980s-era interest rate hikes will exacerbate the turmoil and make a recession seem increasingly more likely. “...
Exxon Responds To Biden’s Inflation Blame-Shifting Attack
LOS ANGELES, CALIFORNIA – JUNE 10: U.S. President Joe Biden delivers remarks aboard the Battleship … [+] USS Iowa Museum at the Port of Los Angeles on June 10, 2022 in Los Angeles, Califor...
Treasury Secretary Yellen Says She Was Wrong About Inflation
Treasury Secretary Janet Yellen said Tuesday her inflation projections were wrong in statements she made last year as consumer prices began a surge to their highest level in decades. “I think I was wr...
Biden Meets With Fed Chair Powell, Says Fighting Inflation Is ‘Top Economic Priority’
Topline President Joe Biden met with Federal Reserve Chair Jerome Powell at the White House on Tuesday to discuss tackling historically high levels of inflation, declaring it a top priority for the ad...
Dow Falls 200 Points As Experts Warn That High Inflation Could Lead To Further Selloff
Topline The stock market fell on Monday, failing to build on recent gains after its best week since November 2020, as widespread selling pressure resumed amid growing fears about surging inflation lea...
Federal Reserve Is Trapped In A Cage Made In Tokyo
U.S. Federal Reserve Chair Jerome Powell may be more boxed in than investors appreciate. Kevin Dietsch -Pool/Getty Images As Federal Reserve Chairman Jerome Powell ponders how much latitude he has to ...
Recession won’t strike stocks despite ugly market
While retail investors head for the exits as stock prices sharply fluctuate, Evercore ISI’s Julian Emanuel wants to put money to work. He calls the market environment very ugly, but he believes ...
Stock Market Selloff Resumes As Snap’s 40% Plunge Drags Tech Shares Lower
Topline The stock market fell on Tuesday—reversing a comeback rally a day earlier—as the months-long selloff on Wall Street persists with investors continuing to offload shares amid a gloomy profit ou...
Is The Battered Stock Market Reaching Its Bottom?
Falling market getty The S&P 500 narrowly missed closing out last week in bear market territory—that would be 20% down from market peak, a high point attained after New Year’s. The tech-heavy Nasd...
Inflation Will Lead Inexecrably To Recession
Old chart glimpses future directioins. (Photo by Mario Tama/Getty Images) Getty Images Recession is in the cards and not because of the recent report of declining real GDP in the first quarter. That w...
S&P 500 Plunges Into Bear Market As Stocks Fall For Seventh Week In A Row
Topline The stock market tanked on Friday, adding to heavy losses this week that pushed the S&P 500 into a bear market, down over 20% from its intraday peak in January as investors continue to get...
Unnecessary Pain From Powell
Federal Reserve Chair Jerome Powell has let the cat out of the bag: Our central bank believes that the best way to fight inflation is by deliberately slowing the economy, hence, the raising of interes...