Federal Reserve

Fed Funds
Fed Rate Hikes
Fed Taper
Federal Reserve

Fed’s George Says Higher US Savings May Also Mean Higher Rates Needed

(Bloomberg) — Kansas City Federal Reserve Bank President Esther George said ample US savings will help to buffer households but could also mean higher interest rates are needed to cool spending. George told a panel Tuesday in Santiago hosted by the Central Bank of Chile that if savings are concentrated in wealthier households who tend […]

Read More
Fed Funds
Fed Rate Hikes
Federal Reserve

Wall Street Economists Split on Whether Fed Cuts Rates in 2023

(Bloomberg) — Wall Street’s biggest banks agree the Federal Reserve will hike US interest rates further into next year, but are at odds over how high it will take them and whether it will be cutting by the end of 2023. In a reflection of how tough Chair Jerome Powell’s job is becoming, leading economists […]

Read More
Fed Rate Cuts
Fed Rate Hikes
Federal Reserve

Powell’s Favored Curve Calls Time on the Fed’s Tightening Cycle

(Bloomberg) — Bond traders are declaring victory over the Federal Reserve’s war on inflation after it slowed last month to a weaker pace than economist forecasts. A part of the yield curve that Federal Reserve Chair Jerome Powell watches closely to monitor recession risks inverted for the first time since the pandemic hit in early […]

Read More
Economy
Fed Rate Hikes
Federal Reserve
Inflation
Top Stock Market News

Fed ‘Hasn’t Accomplished Anything’ on Labor Market, Dudley Says

(Bloomberg) — The Federal Reserve “hasn’t accomplished anything” in loosening the US labor market even after four consecutive 75-basis-point hikes, former New York Fed President Bill Dudley said. Friday’s jobs report showing a 261,000 gain in payrolls and a slight uptick in unemployment in October is “not consistent with a loosening labor market,” Dudley, chair […]

Read More
Fed Rate Hikes
Federal Reserve
Housing Crash
Housing Market
Housing Market Bubble
Top Stock Market News

Fed Sees Risk of Big Declines in Still-Lofty US House Prices

(Bloomberg) — The Federal Reserve suggested on Friday that lofty home prices could be susceptible to steep declines after big run-ups in recent years on the back of ultra-low interest rates. “With valuations at high levels, house prices could be particularly sensitive to shocks,” the Fed said in its semiannual Financial Stability Report released Friday. […]

Read More
Fed Meeting
Fed Rate Hikes
Federal Reserve
Top Stock Market News

Wall Street Sees ‘Devil’s Bargain’ in Powell’s Rate Comments

(Bloomberg) — Wall Street had already come to terms with prospects that the Fed would again raise interest rates by 75 basis points. But Wednesday afternoon was full of drama as traders first took hope from the central bank’s statement but then slumped following stern comments by Chair Jerome Powell. Stocks initially jumped and Treasury […]

Read More
Fed Meeting
Fed Rate Hikes
Fed Taper
Federal Reserve
Inflation
Top Stock Market News

Stocks Steady Ahead of Fed Meeting; Dollar Falls: Markets Wrap

(Bloomberg) — Equities erased early gains ahead of the Federal Reserve’s policy meeting Wednesday. A gauge of the dollar fell and gold rose. European stocks and US futures were little changed after euro-area manufacturing activity sank to the lowest level since the first Covid-19 lockdowns in 2020 as record inflation and a weakening global economy […]

Read More
Fed Meeting
Fed Rate Hikes
Federal Reserve
Top Stock Market News

Jittery Stock Traders Eye Four Days That Will Sow Market’s Fate

(Bloomberg) — Investors just got over a hectic week, contending with a blitz of earnings from some of America’s biggest companies as well as a pile of uncertain economic and geopolitical news. But what’s coming may be even worse. In the span of just seven trading sessions, there will be four major events that could […]

Read More
Fed Meeting
Fed Taper
Federal Reserve
Top Stock Market News

Goldman Sachs Now Sees Fed Rates Peaking at 5% in March

(Bloomberg) — Goldman Sachs Group Inc. economists said they now expect the US Federal Reserve to raise interest rates to 5%, higher than previously predicted. The central bank will lift its benchmark rate to a range of 4.75% to 5% in March, 25 basis points more than earlier expected, economists led by Jan Hatzius wrote […]

Read More
Economic Recession
Federal Reserve
Recession
Top Stock Market News
U.S. Recession

Fed Seen Aggressively Hiking to 5%, Triggering Global Recession

(Bloomberg) — Federal Reserve officials will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching 5% by March 2023, moves that seem likely to lead to a US and global recession, economists surveyed by Bloomberg said. The Federal Open Market Committee will raise rates by 75 basis points for a […]

Read More
Economic Trends
Economy
Federal Reserve
Top Stock Market News

Fed Is Losing Billions, Wiping Out Profits That Funded Spending

(Bloomberg) — Profits and losses aren’t usually thought of as a consideration for central banks, but rapidly mounting red ink at the Federal Reserve and many peers risks becoming more than just an accounting oddity. The bond market is enduring its worst selloff in a generation, triggered by high inflation and the aggressive interest-rate hikes […]

Read More
Federal Reserve
Inflation
Top Stock Market News

Fed Can’t Pause Rate Hikes With Core Inflation Accelerating, Kashkari Says

(Bloomberg) — The Federal Reserve can’t pause its campaign of monetary policy tightening once its benchmark interest rate reaches 4.5% to 4.75% if “underlying” inflation is still accelerating, Minneapolis Fed President Neel Kashkari said. “Core services inflation — which is the stickiest of all — keeps climbing, and we keep getting surprised on the upside,” […]

Read More
Fed Rate Hikes
Federal Reserve
Inflation
Top Stock Market News

Torched Stocks Are About the Only Thing Working in Fed’s Favor

(Bloomberg) — Inflation shows few signs of cooling in the economy. The same cannot be said of markets, which are starting to seem like the only thing the Federal Reserve has going for it these days. Even with Thursday’s big bounce, the S&P 500 has lost a quarter of its value this year. Shocking as […]

Read More
Fed Rate Cuts
Fed Rate Hikes
Federal Reserve
Top Stock Market News

Treasuries Liquidity Problem Exposes Fed to ‘Biggest Nightmare’

(Bloomberg) — The latest bout of global financial volatility has heightened concerns about regulators’ continuing failure to resolve liquidity problems with US Treasuries — the debt that serves as a benchmark for the world. It’s getting harder and harder to buy and sell Treasuries in large quantities without those trades moving the market. Market depth, […]

Read More
Fed Rate Hikes
Federal Reserve
Top Stock Market News

Morgan Stanley Says Likely Fed Pivot Won’t End Earnings Pain

(Bloomberg) — Michael J. Wilson, one of Wall Street’s biggest equity bears, says a Federal Reserve pivot to dovishness is becoming likely amid falling money supply, but such a move won’t allay concerns about earnings. “We find M2 growth in what we call the ‘danger zone’ -– the area where financial/economic accidents tend to occur,” […]

Read More
X