Fed minutes show volatility was reason to go slow on rate cuts
Fed officials appeared to be divided on how far they should cut interest rates at their meeting earlier this month, but the entire group agreed that U.S. monetary policy will change in the coming weeks. They agreed that now is the time to avoid giving too specific guidelines regarding the possibility of such developments. First. […]
Fed’s Goolsbee says neutral rate is ‘well below’ where it is today
Chicago Fed President Austan Goolsby spoke candidly about the impact of the Federal Reserve's actions on the Craman Countdown. Chicago Fed President Austan Goolsby He said on Monday that the Fed's rate-cutting campaign still has a ways to go before it reaches “neutral” rates, and that the central bank will need to continue cutting rates […]
US Dollar Crushes Euro, Yen, Canadian Dollar, other Currencies as Fed Backpedals on Pace of Rate Cuts – WOLF STREET
Amid renewed concerns about inflation and above-average economic growth. Written by Wolf Richter of Wolf Street. dollar index [DXY] The index, which pegs the U.S. dollar against a basket of six currencies dominated by the euro and yen (euro, yen, Canadian dollar, British pound, Swedish krona and Swiss franc), has so far risen to 107.6, […]
People Weren’t Feeling Unemployment Rate, Stock Market in Their Pocketbooks
“Even if the economy has the lowest unemployment rate, “Even if we see growth in the stock market.” ”, “If people don’t feel it in their wallets,” all of that doesn’t matter as much, and that’s reflected in the election results. Host Jose Díaz Balart asked, “What have you learned from past elections?” What did […]
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints By Reuters – Investing.com
Written by Lei Wee SINGAPORE (Reuters) – Global stock markets got off to a strong start this week ahead of Nvidia's (NASDAQ:) long-awaited results, but in Japan, a speech by the central bank governor left markets wondering about the country's interest rate outlook. I took a more enlightened view. Bank of Japan Governor Kazuo Ueda […]
Bernie Sanders Open To Working With Trump, Advocates On 10% Credit Card Rate Cap
Independent Vermont Sen. Bernie Sanders announced on social media Friday that he intends to work with the Trump administration to address exorbitant credit card interest rates. Sanders created post On X, formerly known as Twitter. I look forward to working with the Trump Administration to fulfill its promise to cap credit card interest rates at […]
Fed Chair Jerome Powell says central bank in no rush to reach ‘neutral rate’
Kenny Porcari, chief market strategist at Slate Stone Wealth, talks about Fed Chair Jerome Powell's job and what steps President Trump will take to expand Bernie & Company's economy. Federal Reserve Chairman Jerome Powell He said Thursday that central bank policymakers are in no hurry to cut interest rates to the so-called “neutral rate” and […]
Jerome Powell says no need for Fed to rush rate cuts
Federal Reserve Chairman Jerome Powell said Thursday that continued economic growth, a strong job market and inflation above its 2% target mean there is no need for the central bank to rush to cut interest rates. He said this meant that the matter could be carefully considered. Powell's comments echoed growing expectations in financial markets […]
Will October’s inflation increase slow the pace of interest rate cuts?
Housing costs remain a major driver of inflation. (iStock) Inflation rose to 2.6% in October, up slightly from the previous month, according to the Consumer Price Index (CPI). Published by the Bureau of Labor Statistics (BLS). According to the BLS, October's inflation rate was higher than September's annual rate of 2.4%, and rose 0.2% on […]
US Futures Waver as PPI Keeps Rate Debate Open: Markets Wrap – Yahoo Finance
(Bloomberg) — U.S. stock futures firmed after producer price inflation was in line with expectations as investors debated the possibility of a December interest rate cut. Most Read Articles on Bloomberg U.S. Treasury yields rose on the data, with S&P 500 and Nasdaq 100 contracts giving up modest gains, amid signs that post-election stock gains […]