Federal Reserve Bank
Here’s everything to expect from Fed Chair Powell’s speech Friday in Jackson Hole
Key Points Fed Chair Jerome Powell will deliver his policy speech at 10 a.m. ET from the central bank’s annual conclave in Jackson Hole, Wyoming. For all the attention being paid to the presentation, the chances of it containing any startling news seem remote. In previous years, Powell has used Jackson Hole speech to outline […]
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Philadelphia Fed President Harker advocates for interest rate cut in September
Key Points Philadelphia Federal Reserve President Patrick Harker provided a strong endorsement to an interest rate cut on the way. “I think it means this September we need to start a process of moving rates down,” Harker told CNBC. Kansas City Fed President Jeffrey Schmid also spoke to CNBC, offering a less direct take on […]
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Fed minutes point to ‘likely’ rate cut coming in September
Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, stopping short while indicating that a September cut had grown increasingly probable, minutes released Wednesday showed. “The vast majority” of participants at the July 30-31 meeting “observed that, if the data continued to come in about as expected, it would […]
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Here’s how a week’s worth of huge economic news will affect the Fed’s decision-making
The past week’s data deluge left behind a few distinct impressions: Inflation is on the run, the labor market appears to be OK if no longer on fire, and the economy is not headed off a cliff despite the ever-lingering potential for a substantial slowdown. That’s the backdrop for a markedly critical period ahead for […]
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Jeremy Siegel backs off on calls for the Fed to do an emergency interest rate cut
Jeremy Siegel Scott Mlyn | CNBC Wharton School Professor Jeremy Siegel no longer thinks it’s vital for the Federal Reserve to implement an emergency interest rate reduction, but still wants policymakers to cut quickly and aggressively. Siegel, chief economist at WisdomTree, caused a stir Monday when he told CNBC that Fed Chair Jerome Powell and […]
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Markets no longer think the Fed needs to be as aggressive with interest rate cuts
In just a few short days, markets have taken some of the urgency off the table for the Federal Reserve to slash interest rates. Earlier in the week, there were even some calls for an emergency intermeeting rate cut. At the least, markets figured the Fed was a near-certainty to reduce benchmark rates by at […]
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The case for buying bonds right now
ETF Edge The case for buying bonds right now Published Tue, Aug 6 20247:00 PM EDT Ellie Stevens@elliestevens02 WATCH LIVE Source
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Markets are counting on the Fed to head off recession with sizeable interest rate cuts
Key Points In the market’s eyes, the Fed finds itself either poised to head off recession or doomed to repeat the mistakes of its recent past. “No recession today, but one is increasingly inevitable by year-end if the Fed fails to act,” said Steve Blitz, chief U.S. economist at TS Lombard. Traders are pricing in […]
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San Francisco Fed President Daly sees interest rate cuts coming as labor market weakens
Mary Daly, president of the Federal Reserve Bank of San Francisco, during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Friday, Feb. 16, 2024. Graeme Sloan | Bloomberg | Getty Images San Francisco Federal Reserve President Mary Daly on Monday said she expects that interest rates will be […]
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Chicago Fed President Goolsbee says if economy deteriorates, Fed will ‘fix it’
Key Points Chicago Federal Reserve President Austan Goolsbee said Monday on CNBC that the central bank would react to signs of weakness in the economy. “I’m not going to bind our hands of what should happen going forward because we’re still going to get more information. But if we are not overheating, we should not […]
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