The worry instead turned to what a rip-roaring labor market and surging costs for everything means for stocks and bond portfolios, particularly if it turns into a mix of higher growth and inflation wi...
Tag: Money Markets
When will the Fed stop raising interest rates? The ‘terminal rate’ may still be far off
The U.S. economy is somewhere in the middle of the Federal Reserve’s interest rate hiking saga to tame inflation, but people already want to know where the story ends. That’s what’s getting discussed ...
Here’s what Bill Ackman says Powell should tell traders about Fed rate-hike plans
“‘Tomorrow, Powell is likely to be asked: “Market pricing implies that the terminal FF rate will peak at 3.4% in 12/22 immediately declining thereafter to 2.7% by YE ‘23. What factors would cause the ...
Fed can’t stop hiking interest rates even if there is a recession, former top central banker says
The Federal Reserve has to emulate Mario Draghi and do “whatever it takes” to bring inflation down and that means continuing to raise interest rates even if there is a recession, said former Richmond ...
Euro Slips Below Dollar as Europe’s Economic Fortunes Slump
The euro’s slide below parity with the U.S. dollar reflects Europe’s sinking economic fortunes in the face of the war in Ukraine. But unlike the last time the euro was this weak 20 years ago, nobody i...
U.S. yield curve most inverted in 15 years
U.S. Treasury yields fell on Tuesday as investors sought the safety of government debt amid floundering equity markets and lingering global economic growth concerns ahead of U.S. consumer price index ...
Powell says U.S. economy can handle the additional rate hikes that are coming
Federal Reserve Chairman Jerome Powell on Wednesday pushed back against economists who argue that aggressive Fed interest-rate hikes have increased the odds of a recession or hard landing for the U.S....
Fed’s Waller backs another jumbo interest-rate hike in July
Federal Reserve Gov. Christopher Waller said Saturday that he would like to see another 75 basis point interest rate hike at the next policy meeting in late July. Waller supported the Fed’s decision t...
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 ...
Suze Orman says to do this right now if you’re worried about inflation
The rate of U.S. inflation reached a 40-year high of 8.6% in May as overall prices for things including rent, gas and food all remain on the rise. Financial commentator and host of the “Women & Mo...
Ray Dalio says ‘cash is still trash’…but stocks are trashier
It wouldn’t be Davos week without a CNBC exclusive interview with Bridgewater Associates’ Ray Dalio, the founder of the world’s largest hedge fund by assets under management and one of the most closel...
Fed hawks say they’re not so behind the curve combatting inflation
In the wake of the Federal Reserve policy meeting this week, stock markets have tumbled, raising howls of criticism that U.S. central bank policy will fail to bring down inflation. Read: ‘Unhinged’ ma...
Fed lifts interest rates and will wind down $9 trillion bond stockpile in double-pronged attack on high U.S. inflation
“Inflation is much too high and we understand the hardship it is causing,” said Fed Chairman Jerome Powell in what he called a direct message to the American public. “We are moving expeditiously to br...
How high can the Fed hike interest rates before a recession hits? This chart suggests a low threshold.
The days when the Federal Reserve could raise its benchmark interest rate significantly above 5% without sparking a recession may be a thing of the past, according to Wells Fargo Investment Institute....
Powell wants to get rates closer to neutral. But what’s neutral? Think between 5% and 6%, former top Fed staffer says
With U.S. inflation surging higher than anyone expected, Fed Chairman Jerome Powell, has laid out a policy path where the Fed is going to move quickly to get its benchmark interest rate up to “to a mo...
Fed chief Powell backs moving more quickly on interest-rate hikes
Federal Reserve Chairman Jerome Powell on Thursday joined the chorus of U.S. central bankers who want to move faster on raising interest rates. “It is appropriate in my view to be moving a little more...
The Fed’s plan to rapidly slash its balance sheet is out. Here’s what happens to money in the system.
Minutes of the Federal Reserve’s March meeting released on Wednesday detailed plans for shrinking its nearly $9 trillion balance sheet to help cool U.S. inflation running at 40-year highs, but tricky ...
Fed primed to jack up interest rates in 1/2-point steps if inflation stays high
The Federal Reserve signaled its plans to increase a key U.S. interest rate by 1/2 percentage point steps at upcoming meetings if inflation remains high or gets even worse, according to minutes of the...
Fed’s Williams says could begin reducing balance sheet as soon as May meeting
The Federal Reserve may begin reducing its balance sheet as soon as its May 3-4 policy meeting to address the level of U.S. inflation that have become “particularly acute,” New York Fed chair John Wil...
Odell Beckham Jr. took his $750K salary in bitcoin — how much did it cost him?
Los Angeles Rams wide receiver Odell Beckham Jr. made headlines last November when he announced he would be converting his 2021 salary into bitcoin. The problem for Beckham: that bitcoin BTCUSD, -0.41...
You just retired and your target-date fund has plunged. What do you do now?
If you recently retired or are near retirement and you had your money in a target-date fund designed for people retiring about now, bad luck. So far this year, the “target” is you. Morningstar tells m...