Text size Wall Street is quiet Monday with traders off for Martin Luther King Jr. Day. Yuki Iwamura/AFP via Getty Images Global stocks and U.S. stock-index futures drifted on Monday. Investors remain...
Tag: Monetary Policy
Netflix, Goldman Sachs, United Airlines, Morgan Stanley, and More Stocks for Investors to Watch This Week
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As U.S. dollar stumbles, Japanese yen is ‘hottest story in town’. Here’s why.
It’s the comeback currency. The Japanese yen, among the world’s worst-performing major currencies in 2022, roared back to a seven-month high versus a now-reeling U.S. dollar on Friday, as traders bet ...
Morgan Stanley’s Mike Wilson issues correction warning
Morgan Stanley’s Mike Wilson is telling investors to brace for a winter downdraft. He warns S&P 500 is vulnerable to a 23% drop — bringing it to 3,000. “Even though a majority of insti...
Financial markets ignore elephant in the room: December’s 223,000 job gains
Stocks and bonds rallied in response to Friday’s jobs data showing modest wage growth for December, while investors looked past a stronger than expected 223,000 rise in nonfarm payrolls. Friday’s pric...
Treasury yields plummet after signs of broadening weakness in economy
Friday’s raft of U.S. economic data produced a cascading drop in rates across the Treasury market, pushing the policy-sensitive 2-year and benchmark 10-year yields to their lowest levels of the new ye...
Fed to stock market: Big rallies will only prolong painful inflation fight
It was a “don’t make me come back there” moment from the Federal Reserve. A line from the minutes of the central bank’s December policy meeting released Wednesday afternoon was taken by analysts and e...
Forget recession — the U.S. is heading for a ‘slowcession’ that could last all year, Moody’s warns
Even if the U.S. avoids a recession in 2023, American consumers and investors could face a grinding slowdown that likely won’t let up until 2024, according to a new outlook published by Moody’s Analyt...
Asian markets mostly rise ahead of Fed update
BEIJING — Asian stock markets rose Wednesday ahead of the release of minutes from a Federal Reserve meeting that investors hope might show the U.S. central bank is moderating its plans for more intere...
‘2022 has been the scariest year of my adult and professional life’: One mortgage broker reveals how the housing slowdown upended financial security.
When mortgage rates hit 7% in the fall, Austin-based mortgage broker Aaron Kovac was a little spooked. After a stunning rise in home sales amid ultra-low interest rates, “the market just went absolut...
For Battered Bonds, Threats of Further Losses Linger
The year 2022 marked a truly historic bust for the U.S. bond market. The question now is whether 2023 will produce any kind of meaningful rebound. Normally a safe investment, U.S. bonds delivered loss...
The Bulls’ Worst Recession Fear: There Won’t Be One
“There ain’t gonna be no recession,” Pierre Rinfret, an economist who once advised the Nixon administration, confidently declared in December 1969. Better at attracting publicity than forecasting, he ...
The U.S. dollar surrendered its status as the world’s premier safe haven in Q4. Here’s how.
The U.S. dollar’s status as one of the few dependable safe havens for investors during this year’s market mayhem started to erode during the fourth quarter, even as the greenback posted its biggest ye...
Stocks got wrecked by rate shock in 2022. Here’s what will drive markets in 2023
2022 is over. Take a breath. Investors were understandably eager to ring the bell on the stock market’s worst year since 2008, with the S&P 500 SPX, -0.25% falling 19.4%, the Dow Jones Industrial ...
Asian shares rise in thin holiday trading, with U.S., European markets closed
BANGKOK (AP) — Shares rose Monday in Asia in thin post-Christmas holiday trading, with markets in Hong Kong, Sydney and several other places closed. Tokyo’s Nikkei 225 index NIK, +0.65% gained 0.6% to...
10 ways American finances actually improved in 2022, despite high interest rates and a slump in stocks
Many Americans are ending the year feeling gloomy about their finances, and you don’t need to be a psychiatrist to figure out why. Runaway inflation gnawed through household budgets as prices soared o...
Billionaire David Tepper Is Betting Against the Stock Market Because of the Fed
Text size David Tepper, co-founder of the hedge fund Appaloosa Management. Andrew Harrer/Bloomberg Appaloosa Management’s David Tepper says he is worried further tightening of monetary policies from g...
Why the Bank of Japan’s surprise policy twist is rattling global markets
Anchors aweigh? The Bank of Japan sent shock waves through global financial markets Tuesday, effectively loosening a cap on 10-year government bond yields in a surprise move seen as potentially pointi...
What To Expect From The Fed’s First Meeting Of 2023
Jerome Powell, chairman of the US Federal Reserve, takes a question during a news conference … [+] following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, D...
Benchmark Treasury yields firm but near recent lows on slowdown fears.
Longer-term bond yields rose on Monday, but remain near 3-month lows as investors continue to fret about a global economic slowdown. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.18...
Given up on Wall Street? Here’s how stocks could rally 20% next year, says veteran analyst
Just two weeks of 2022 to go and the stock market mood remains grim. The latest burst of optimism, on further evidence that U.S. inflation continues to ease, has again evaporated. Equity investors fea...
ECB slows rate hikes, but signals it’s far from done
The European Central Bank delivered a half-point rate increase Thursday, slowing the speed of its monetary tightening after a pair of larger rate moves. But policy makers emphasized that market partic...
The Fed raised interest rates again. Where to earn 3-5% on your savings account
Where to earn more on your savings account. Getty Images/iStockphoto On Wednesday, The Federal Reserve raised its benchmark interest rate by half a percentage point, bringing the federal-funds rate up...
Stocks are closing out a dismal 2022 as the Fed fights inflation. Here’s what history says comes next.
Stock-market investors have plenty of reasons to feel gloomy heading into 2023: Inflation is still high, the housing market is sputtering and the Federal Reserve just raised interest rates by another ...
The Fed Will Lift Rates at Its Meeting Today. What to Expect After That.
The Federal Reserve’s efforts to tame runaway inflation appear to be working, but there is still a long way to go. Investors rejoiced on Tuesday, sending stocks higher after the release of a fifth-str...
Opinion: Opinion: The Fed should pause rate hikes since inflation has slowed — it won’t
The Federal Reserve should declare an immediate cease fire in its war against inflation and hold its benchmark interest rate steady instead of raising the federal funds by a half percentage point to a...
Opinion: Opinion: The debt ceiling is a farce, not a crisis
AUSTIN, Texas (Project Syndicate)—In his bid to become speaker of the U.S. House of Representatives, Kevin McCarthy apparently agreed to a demand, voiced by Republican Congressman Ralph Norman of Sout...