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US dollar to remain world’s reserve currency, Fed’s Waller says

Forbes Media Chairman Steve Forbes takes issue with the administration’s inflation policy regarding Mr. Kudlow. Christopher Waller Federal Reserve Board In his remarks Thursday, he outlined the rationale for the world to continue using the U.S. dollar as the primary reserve currency for international trade. “Recent commentary warns of possible decline in state status.” USD […]

Federal Reserve Chair Jerome Powell shoots down hopes for imminent cuts

Federal Reserve Chairman Jerome Powell on Wednesday dashed Wall Street’s hopes for an imminent rate cut after central bank officials left interest rates unchanged at decades-high rates. “I think it’s unlikely that the committee will reach a level of confidence to cut rates by the March meeting, but we’ll have to wait and see,” Powell […]

When will the Federal Reserve start to cut interest rates?

Adam Covissi, Editor-in-Chief of the Covissi Letter, discusses his predictions for the market in 2024 after the Dow Jones falls from its all-time high in “Kabuto: Coast to Coast.” The Fed ended 2023 with an unexpected policy shift. In December, central bankers signaled at their last meeting of the year that a nearly two-year battle […]

Federal Reserve Payments to Banks Trigger Largest Ever Operating Loss

The Federal Reserve quietly incurred huge losses in 2023 as the interest it pays banks dwarfs the interest it earns from its bond portfolio, according to data released by the central bank on Friday. The Federal Reserve announced that it will lose about $114.3 billion in 2023, its largest annual loss ever. The losses occurred […]

NHL rookie phenom Connor Bedard suffers fractured jaw, placed on injured reserve

The NHL's best prospect since Sidney Crosby will have to postpone his rookie season. Chicago Blackhawks rookie phenom Connor Bedard, the No. 1 overall pick in the latest NHL Draft, was placed on injured reserve after suffering a broken jaw Friday night. Bedard was hit in the face by Brendan Smith of the New Jersey […]

Will the Federal Reserve cut interest rates in 2024?

Economist Peter Morisi, on “Berney & Company,” reacts to the Fed's suggestion that it could cut interest rates three times in 2024. of federal reserve The new year is set to begin after hinting that a significant shift in monetary policy is afoot, with signs that high inflation is finally starting to ease. At their […]

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