Interest Rates
Powell is not probable to notify buyers what they want to hear in Jackson Hole speech
Federal Reserve Board Chairman Jerome Powell speaks throughout a news conference adhering to a two-working day assembly of the Federal Open Marketplace Committee (FOMC) in Washington, July 27, 2022. Elizabeth Frantz | Reuters Traders are seeking for new guidance in Federal Reserve Chairman Jerome Powell’s Jackson Gap, Wyoming, speech Friday, but he could instead produce […]
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China to boost fiscal and monetary polices to support occupation stabilization, states minister
An aerial check out of the Tianjin CTF Finance Centre on July 17, 2022 in Tianjin, China. China will aim on growing jobs and encourage fiscal, financial and industrial guidelines to assist task industry stabilization, Li Zhong, Vice Minister of the Ministry of Human Sources and Social Stability, claimed on Thursday. Stringer | Anadolu Agency […]
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We are in a ‘housing economic downturn,’ professionals say. Here is what that implies for home owners, sellers and buyers
The Very good Brigade | Digitalvision | Getty Photos Just months back, the housing market place remained in overdrive: surging property costs, historically small fascination rates and unrelenting demand from customers. Even so, information now suggests to some professionals that the market is in a “housing recession.” For example, sales of current households in July […]
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Fed sees interest rate hikes continuing until inflation eases substantially, minutes show
Federal Reserve officials at their July meeting indicated they likely would not consider pulling back on interest rate hikes until inflation came down substantially, according to minutes from the session released Wednesday. During a meeting in which the central bank approved a 0.75 percentage point rate hike, policymakers expressed resolve to bring down inflation that […]
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‘Dangerous territory’: Investor Peter Boockvar warns recession is spreading to other parts of economy
There may be no escape from recession. The latest reports on housing and manufacturing, according to investor Peter Boockvar, suggest it’s rapidly spreading to other parts of the economy. “People are not being sensitive enough to this economic slowdown and what it’s going to be mean for corporate earnings and profit margins,” the Bleakley Advisory […]
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Fed’s Barkin says rate increases need to continue until inflation holds at 2%
Despite positive inflation data this week, Richmond Federal Reserve President Thomas Barkin said Friday that more interest rate increases will be needed to tamp down price pressures. Releases this week showing that consumer and wholesale price increases softened in July were “very welcome,” Barkin told CNBC’s “Squawk on the Street” in a live interview. “So […]
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Fed expected to stick with hawkish rate hikes until data show further slowing in inflation
The Federal Reserve is unlikely to pivot from its hawkish interest rate hikes despite positive signs this week that inflation in the U.S. could be easing, according to market strategists. On Thursday, the producer price index surprisingly fell 0.5% in July from the prior month, compared with an estimate of a 0.2% gain, according to […]
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Everything from wages to used car prices could jump higher, market researcher Jim Bianco warns
Washington’s efforts to curb inflation will fall short particularly this year, according to market forecaster Jim Bianco. And, he believes this week’s key inflation data will help prove it. “I don’t see anything that will reduce the inflation rate. There are some things that might reduce prescription drug prices and maybe a couple of other […]
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Fed Governor Bowman sees ‘similarly sized’ rate hikes ahead after three-quarter point moves
Federal Reserve Bank Governor Michelle Bowman gives her first public remarks as a Federal policymaker at an American Bankers Association conference In San Diego, California, February 11 2019. Ann Saphir | Reuters Federal Reserve Governor Michelle Bowman said Saturday she supports the central bank’s recent big interest rate increases and thinks they are likely to […]
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Here are 5 stocks in our portfolio that can benefit from rising interest rates
A strong labor market with robust wage gains might mean the Fed still has more work to do. Source
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