Jerome Powell
Senate confirms Lisa Cook as first Black woman on Federal Reserve Board
Dr. Lisa DeNell Cook, of Michigan, nominated to be a Member of the Board of Governors of the Federal Reserve System, speaks before a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 3, 2022. Ken Cedeno | Reuters WASHINGTON — The Senate confirmed economist Lisa Cook on Tuesday […]
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David Tepper tells Cramer he’s covered his Nasdaq short, thinks selling could be ending
“What he really is focused on, if we get down to [S&P 500] 3,600 to 3,500, he’s not going to be a trader,” David Tepper told Jim Cramer on Tuesday. Source
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Tech giants lost more than $1 trillion in value in the last three trading days
The world’s largest technology companies have shed over $1 trillion in value in just three trading sessions. Stocks at large have sold off since the Federal Reserve raised its benchmark interest rate on Wednesday, but technology has endured more pain than other sectors of the economy. Investors now have less interest in what drove business […]
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Defensive strategies to protect your portfolio and profit from this roller coaster market
Throughout last week, CNBC Pro combed through Wall Street research and conducted analyses to find ways investors can ride out this market volatility. Source
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David Tepper calls Fed’s tightening signal an ‘unforced error’ that’s brought ‘unhinged’ markets
David Tepper said the market turmoil this week was partly caused by the Federal Reserve’s messaging on its aggressive tightening schedule. Source
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Stocks could see more tumult next week, especially if bond yields continue to scream higher
After a week of extraordinary turbulence, stocks are likely to remain volatile as investors await fresh data on inflation and watch the course of bond yields. The big report for markets is Wednesday’s April consumer price index. Economists expect a high inflation reading, but it should moderate from the 8.5% year-over-year pace of March. A […]
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Why the market is taking Powell’s ‘soft-ish’ economic language so hard: Former Fed official Roger Ferguson
Roger Ferguson Michael Nagle | Bloomberg | Getty Images Anyone who read a Fed chair coining the term “soft-ish” for an economic landing, as Jerome Powell did on Wednesday, as a bullish signal, has a transitory understanding of how much significance to give to any single day’s trading action. Stocks tanked on Thursday after the […]
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5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to drop after a strong Fed-driven relief rally A screen displays the Fed rate announcement as a trader works inside a post on the floor of the New York Stock Exchange (NYSE) in New […]
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Consumers at breaking point as Fed’s inflation battle heats up, investor Peter Boockvar warns
The economy may be hitting a crucial turning point. Investor Peter Boockvar warns the Federal Reserve will not be able to meaningfully contain surging inflation, and there’s not much more consumers can withstand. “It gets to the question: At what point does the consumer blink in the face of these rising prices,” the Bleakley Advisory […]
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Cramer says Wednesday’s relief rally won’t vanquish the bears, expects Fed skeptics to remain
CNBC’s Jim Cramer said Wednesday he’s still “drawn to owning stocks,” even as the Federal Reserve aggressively raises interest rates in such a way that some skeptics believe will send the U.S. economy into a recession. “They probably sold into the rally today. They will sell again tomorrow because this is who they are,” the […]
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