Federal Reserve Chairman Jerome Powell at a U.S. House Financial Services Committee hearing in Washington. Al Drago/Bloomberg Was Jerome Powell channeling Paul Volcker this past week by admitting that inflation has ceased being transitory? Or will he wind up being more like Alan Greenspan, facing a conundrum if the bond market fails to follow the […]
Read MoreFederal Reserve Chairman Jerome Powell. Al Drago/AFP via Getty Images Just a week after he was nominated for a second term as Federal Reserve chairman, Jerome Powell sounded unfamiliar. He said it was time to retire the word “transitory” that he and many other officials have long used to describe building inflation, signaling in testimony […]
Read More(Bloomberg) — The simple fact that the Federal Reserve chair nomination is now out of the way may allow the central bank to turn slightly more hawkish, potentially adding further fuel to front-end rate bets. There has been a notable repricing already, related in large part to the fact that Lael Brainard — the candidate […]
Read MoreThe writer is former Chair of the FDIC and former Assistant Secretary of the U.S. Treasury for Financial Institutions. Suspense mounts over who will be the next Federal Reserve Chair. Washington’s smart money is betting on Jay Powell’s reappointment. But it’s a close horse race. Lael Brainard, a well-regarded Fed Governor who has served at […]
Read MoreThe Biden administration looks set to soon announce its pick for who will lead the nation’s economic steward: the Federal Reserve. The White House appears to be weighing two options: keeping Jerome Powell as Fed chair or replacing him with current Fed Governor Lael Brainard. Both reportedly met with President Joe Biden earlier in the […]
Read More5 wise money moves before the Fed starts raising interest rates again Chairman Jerome Powell (pictured) and the other policymakers at the Federal Reserve just said again, after their recent November meeting, that they’ll keep holding a key interest rate near zero. Though the economy has been making gains, the officials want to sit tight […]
Read MorePreparation pays dividends. Stock-market investors took the Federal Reserve’s decision Wednesday to begin tapering its monthly bond purchases without a hitch. “This taper was probably the best telegraphed or advertised move in monetary policy history,” said Art Hogan, chief market strategist at B Riley-National, in a phone interview. That’s in contrast to 2013, when the Fed’s […]
Read MoreThe headlines of the story about Wednesday’s Federal Reserve policy meeting have already been written. The devil, as they say, will be in the details. On the likely news, it is a “foregone conclusion” the Fed will announce Wednesday that a tapering of asset purchases will begin later this month, according to Michael Gapen, chief […]
Read MoreBitcoin’s October rally appears to have put the cryptocurrency on a firm footing ahead of central bank meetings in the U.S., U.K., and Australia to assess the stickiness of inflation and determine policy response. The top cryptocurrency rallied nearly 40% in October, hitting a fresh record high of $66,975 as investors cheered positive seasonality and […]
Read More(Bloomberg) — Scott Peng knows trouble when he sees it — and right now he detects it all over markets thanks to an oncoming interest-rate “tsunami.” The Advocate Capital Management executive — who helped uncover the biggest scandal in modern banking with a damning 2008 report on Libor manipulation — has a plan. He’s launching […]
Read MorePlus, Fed Chair Jerome Powell said the central bank is likely to begin tapering before the end of this year, Apple announced App Store updates, and Rivian Automotive confidentially filed to go public.
Read MoreAs Fed members begin discussing tapering, these 2 stocks may be investors’ best bets to combat headwinds from the Fed now.
Read MorePlus, Morgan Stanley delivered an earnings beat, Taiwan Semiconductor said it expects sales to rise more than 20% in 2021, and Netflix is pushing into video games with its latest executive hire.
Read MorePlus, Apple asked suppliers to increase iPhone production by 20%, Citigroup delivered an earnings beat, and a short seller accused Oatly of misleading investors and consumers.
Read MorePlus, Virgin Galactic shares skyrocketed after the FAA granted the company the license it needs to fly passengers on future spaceflights, Microsoft unveiled its Windows 11 operating system, and Google announced it is pushing back its timeline to kill third-party tracking cookies to 2023.
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