American government office
Stock market today: S&P 500 hits 4-day losing streak as tech drops: The S&P 500 notched its fourth-straight day of losses as Nvidia, Meta, and other tech names ...
markets.businessinsider.com/news/stocks/stock-market-today-sp500-tech-fed-rate-cuts-outlook-inflation-powell-2024-4
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Fed’s Powell Rethinks Interest-Rate Cuts For 2024 To Combat Inflation: A string of disappointing inflation data has forced the Federal Reserve to reset the clock ...
bloomberg.com/news/articles/2024-04-19/fed-s-powell-rethinks-interest-rate-cuts-for-2024-to-combat-inflation
Fed’s Rate-Cut Delay, Explained: What It Means for US and World: The US Federal Reserve and its vast global audience thought 2024 would be a rate-cut bonanza ...
bloomberg.com/news/articles/2024-04-19/fed-s-rate-cut-delay-explained-what-it-means-for-us-and-world
Why Is US Inflation Still High? Blame Powell Pivot, Housing Shortage: This was supposed to be the year that US inflation rode the last mile down to 2% ...
bloomberg.com/news/articles/2024-04-17/inflation-s-stubborn-start-to-2024-blamed-partly-on-powell-pivot
Paid articlePaid
Higher for Longer Hits Bonds With 5% Yields Back in Play: Welcome to the Weekly Fix, the newsletter that’s confident rate cuts are coming sometime, somewhere ...
bloomberg.com/news/newsletters/2024-04-19/higher-for-longer-hits-bonds-with-5-yields-back-in-play
Powell’s US Rates Warning Means Headaches for Rest of the World: Federal Reserve Chair Jerome Powell is making life tougher for his peers around the world as the ...
bloomberg.com/news/articles/2024-04-17/powell-s-us-rates-warning-means-headaches-for-rest-of-the-world
Paid articlePaid Stand Pat: The Bloomberg Close, Americas Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-16/stand-pat-the-bloomberg-close-americas-edition
Paid articlePaid 'As Long As Needed': The Bloomberg Open, Europe Edition: Good morning. Jerome Powell says the Fed can wait as long as needed before cutting rates ...
bloomberg.com/news/newsletters/2024-04-17/-as-long-as-needed-the-bloomberg-open-europe-edition
Paid articlePaid
As Florida Democrats profess optimism, polling shows voters favor Donald Trump and Rick Scott
sun-sentinel.com/2024/04/19/as-florida-democrats-profess-optimism-polling-shows-voters-favor-donald-trump-and-rick-scott-2/
Stock Market Today: Dow, S&P Live Updates for April 17: Stocks in Asia were set for a mixed open following hawkish comments by Jerome Powell that helped fuel a ...
bloomberg.com/news/articles/2024-04-16/stock-market-today-dow-s-p-live-updates
Powell’s Warning: The Bloomberg Open, Asia Edition: Good morning. The Fed chief takes a hawkish turn. IMF gets a little more optimistic, but sees many threats ...
bloomberg.com/news/newsletters/2024-04-16/powell-s-warning-the-bloomberg-open-asia-edition
Paid articlePaid
Mortgage rates jump past 7% for the first time in 2024, posing big dilemma for homebuyers
nypost.com/2024/04/18/business/mortgage-rates-jump-past-7-for-the-first-time-in-2024-posing-big-dilemma-for-homebuyers/
Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
- US mortgage rates have surged above 7%, increasing costs for homebuyers.
- The rise in mortgage rates impacts monthly costs, limiting purchasing power.
- Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.
- Experts anticipate a moderate easing of mortgage rates later in the year.
Gold (XAUUSD) Holds Near Record as Traders Overlook Delayed Cuts Scenario: Gold held near a record-high, even as as investors weighed a shift in messaging from ...
bloomberg.com/news/articles/2024-04-17/gold-xauusd-holds-near-record-as-traders-overlook-delayed-cuts-scenario
Paid articlePaid ECB’s Vasle Sees Limit to How Far Lagarde’s ECB Can Diverge From Powell and Fed: The European Central Bank can’t fully disregard inflation dynamics and monetary ...
bloomberg.com/news/articles/2024-04-18/ecb-s-vasle-sees-limit-to-how-far-lagarde-s-ecb-can-diverge-from-powell-and-fed
Paid articlePaid Bernanke Urges BOE to Give Market Clearer Guidance on Rates: Ben Bernanke called on the Bank of England to consider publishing its own outlook for UK interest ...
bloomberg.com/news/articles/2024-04-12/bernanke-urges-boe-to-speak-more-clearly-on-direction-of-rated
Paid articlePaidQuick Glance: Improve: Bernanke Critiques Bank of England's Handling of Inflation Crisis
- The Bank of England has deteriorated in economic forecasting, with faulty models and outdated systems. Communication with the public needs enhancement.
- Ben Bernanke's report includes 12 detailed recommendations, which Andrew Bailey, the Bank's governor, intends to act upon. Bernanke emphasizes the Bank's potential for significant improvement.
- Bernanke criticizes the Bank's use of fan charts, suggesting they lack useful information and should be replaced with more transparent communication methods. He highlights the need for clearer decision-making reasoning.
- Despite recommendations, Bernanke avoided speculating on past actions, indicating room for substantial improvement within the Bank's processes. The report conveys a clear message: the Bank could have performed much better.
Bonds Rebound: The Bloomberg Open, Asia Edition: Good morning. US bonds rise as traders move on from Powell. Russia builds new trade routes ...
bloomberg.com/news/newsletters/2024-04-17/bonds-rebound-the-bloomberg-open-asia-edition
Paid articlePaid
A Texas appellate court upheld a decision to reject attorney disciplinary charges against Donald Trump ally Sidney Powell ...
reut.rs/3Q7IwBz
US Two-Year Yield Climbs Past 5% to Highest Level Since November - Bloomberg: The US two-year yield rose past 5% to the highest level since November after ...
bloomberg.com/news/articles/2024-04-16/us-two-year-yield-climbs-past-5-to-highest-level-since-november
Paid articlePaid POLL Fed to cut rates in September and maybe once more this year: The U.S. Federal Reserve will wait until September to cut its key interest rate ...
reuters.com/markets/us/fed-cut-rates-september-maybe-once-more-this-year-2024-04-18/
Dollar Power: Fed's Higher-for-Longer Is Turning the Currency Screws: Powell makes clear that the Fed won’t cut soon. The dollar is turning the screws ...
bloomberg.com/opinion/articles/2024-04-17/dollar-power-fed-s-higher-for-longer-is-turning-the-currency-screws
Paid articlePaid
Powell to Discuss Economy, Monetary Policy at Tuesday Event: Fed Chairman Jerome Powell will participate in a forum with Bank of Canada Gov. Tiff Macklem.
barrons.com/articles/fed-powell-speech-economy-inflation-rates-today-c6b764c3
Paid articlePaid New York Fed Says Quantitative Tightening Could Stop in 2025: The US central bank could halt the unwind of its balance sheet in 2025, according to Federal ...
bloomberg.com/news/articles/2024-04-17/new-york-fed-says-quantitative-tightening-could-stop-in-2025
Paid articlePaid Bloomberg Evening Briefing: Are Fed Rate Hikes Behind the US Economic Boom?: Get caught up.
bloomberg.com/news/newsletters/2024-04-16/bloomberg-evening-briefing-are-fed-rate-hikes-behind-the-us-economic-boom
S&P 500 Index (SPX) Sees Worst Week Since October Amid Geopolitical Tensions: Just weeks ago, it all felt so easy. Jerome Powell was poised to kick off the great ...
bloomberg.com/news/articles/2024-04-12/risk-addicted-wall-street-funds-are-shaken-as-bad-news-piles-up
Paid articlePaid 🔊 US Federal Reserve chair Jerome Powell tightens the screws on cash-strapped countries. Find out the latest on Reuters World News podcast
reut.rs/3Q0KoMn
Gold surges as escalating Middle East tensions bolster demand: Safe-haven gold gained on Thursday as persistent tensions in the Middle East added to the metal's ...
reuters.com/markets/commodities/gold-shines-geopolitical-tensions-offset-easing-us-rate-cut-bets-2024-04-18/
Stocks rose in what felt like a straight-line for the first three months of 2024, with the S&P 500 notching its best first quarter return in five years ... Show more finance.yahoo.com/news/stock-market-today-dow-snaps-6-day-losing-streak-powell-warns-on-inflation-181845026.html
Five things you need to know to start your day in Europe www.bloomberg.com/news/newsletters/2024-04-17/stock-markets-today-rates-outlook-jerome-powell-lvmh-morgan-stanley
Wall Street Prescription for Uncertainty? Maybe It’s Just T-Bill and Chill: Markets have ‘extended and pretended,’ so perhaps there is something to say for ...
bloomberg.com/news/newsletters/2024-04-17/wall-street-prescription-for-uncertainty-maybe-it-s-just-t-bill-and-chill
🔊 US Fed chair Jerome Powell signals interest rate cuts are further off than planned. Listen to @Dan___Burns on the Reuters World News podcast explain why his ...
reut.rs/3JH1WtL
Fed policymakers agree: there's no urgency to cut rates: Federal Reserve policymakers have coalesced around the idea of keeping borrowing costs where they are ...
reuters.com/markets/us/feds-williams-doesnt-see-urgent-need-cut-interest-rates-2024-04-18/
Powell says the Federal Reserve still sees rate cuts this year; election timing won't affect decision
pbs.org/newshour/politics/powell-says-the-federal-reserve-still-sees-rate-cuts-this-year-election-timing-wont-affect-decision
Quick Glance: Expectations of Interest Rate Cuts in 2024
- Federal Reserve Chairman Jerome Powell confirmed at Stanford University that the central bank anticipates interest rate cuts to continue this year without specifying a timeline.
- Emphasizing independence from politics, the Fed maintains its outlook despite recent reports not significantly altering their perspective.
- Stronger economic indicators have led some analysts to speculate that rate cuts may not occur this year, causing market unease.
- Despite economic data uncertainties, Powell and other Fed officials foresee a potential policy rate reduction at some point this year, likely towards the end of the year.
Five Things You Need to Know to Start Your Day: Asia: Good morning. Powell signals a delay to rate cuts. China tries to settle nerves about its new stock ...
bloomberg.com/news/newsletters/2024-04-16/five-things-you-need-to-know-to-start-your-day-asia
High interest rates, rising inflation: The economy still isn’t normal: The improbable picture seems to guarantee that the Federal Reserve won’t be ready to lower ...
washingtonpost.com/business/2024/04/11/fed-inflation-economy-rates/
Jay Powell really wants Americans to know that the Fed is not taking into account the presidential election or politics this year when setting monetary policy ... Show more finance.yahoo.com/news/jay-powell-really-wants-americans-to-know-he-is-not-thinking-about-politics-141528564.html
Gold (XAUUSD) Sets Another Record High Above $2,300 After Powell Comments: Gold set another record above $2,300 an ounce on the likelihood the Federal Reserve ...
bloomberg.com/news/articles/2024-04-04/gold-xauusd-sets-another-record-high-above-2-300-after-powell-comments
Paid articlePaid
Mucarsel-Powell raises over $3.5 million in first quarter in Florida Senate race: Florida Senate candidate and former Rep. Debbie Mucarsel-Powell (D) said her ...
thehill.com/homenews/campaign/4594092-mucarsel-powell-raises-over-3-5-million-in-first-quarter-in-florida-senate-race/
Traders are starting to doubt that Fed Chair Jerome Powell will be able to engineer a soft economic landing www.bloomberg.com/news/articles/2024-04-10/powell-s-soft-landing-dream-in-danger-as-traders-hedge-inflation
Jamie Dimon’s inflation worries look prescient. Now what?: Perhaps it could be not just ‘higher for longer’ but ‘higher forever’
ft.com/content/3312b9aa-7e34-4e3a-a0ab-b27f05198f26
Quick Glance: O.J. Simpson's Failed Attempt at Rebranding
- O.J. Simpson tried unsuccessfully to improve his image through social media.
- Despite attempts at normalization through videos, he could not alter his negative image.
- Expert Bernt Ullmann explains Simpson's lack of remorse, crucial for a successful comeback.
- Simpson's controversial videos further polarized and isolated him from the public.
US stocks closed lower on Tuesday as Fed Chair Jerome Powell dashed investors’ hopes of meaningful interest rate cuts this year reut.rs/49FoMwh
America’s interest rates are unlikely to fall this year: That will squeeze financial markets and the world economy
economist.com/leaders/2024/04/17/americas-interest-rates-are-unlikely-to-fall-this-year
Wall Street's main indexes closed lower on Wednesday after the Federal Reserve Chair Jerome Powell's comments a day earlier made it clear the central bank was ... Show more www.reuters.com/markets/us/futures-inch-up-megacap-support-earnings-fed-comments-tap-2024-04-17/
Jay Powell really wants Americans to know that the Fed is not taking into account the presidential election or politics this year when setting monetary policy ... Show more finance.yahoo.com/news/jay-powell-really-wants-americans-to-know-he-is-not-thinking-about-politics-141528564.html
Stock Market Today: Dow, S&P Live Updates for April 10: Wall Street traders sent stocks and bonds sliding after another hot inflation report signaled the Federal ...
bloomberg.com/news/articles/2024-04-09/stock-market-today-dow-s-p-live-updates
Paid articlePaid US Economic Data Confirm a New Narrative: We’re All a Bit Lost Right Now: If there’s a new Wall Street catchphrase, it might be ‘It is still really unclear’
bloomberg.com/news/newsletters/2024-04-11/us-economic-data-confirm-a-new-narrative-we-re-all-a-bit-lost-right-now
Biden's bad news on inflation: Inflation is rearing its ugly head again and it's a nightmare for Biden on several fronts.
axios.com/2024/04/10/cpi-inflation-report-biden-march
Cathie Wood Says Elon Musk Is Saving the World. Jay Powell? Not So Much.: ARK founder Cathie Wood is on a mission to make money and convince the world that big ...
barrons.com/articles/ark-invest-cathie-wood-tesla-elon-musk-fed-powell-98101f19
Paid articlePaid
Fed Chair Powell says there has been a 'lack of further progress' this year on inflation
cnbc.com/2024/04/16/powell-cites-lack-of-progress-this-year-in-reaching-feds-inflation-goal.html
Larry Summers Reminds the Fed to Keep an Eye on the Speedometer: He says blowout US jobs print means rates will stay higher for longer
bloomberg.com/news/newsletters/2024-04-06/larry-summers-reminds-the-fed-to-keep-an-eye-on-the-speedometer
Powell’s Insistence on Three Fed Cuts Limits Bond Declines: Welcome to the Weekly Fix, the newsletter that’s brought to you by the number 3 and the letters d ...
bloomberg.com/news/newsletters/2024-04-05/powell-s-insistence-on-three-fed-cuts-limits-bond-declines
Paid articlePaid Lawrence Summers Says Hot Jobs Data Show Neutral Fed Rate ‘Much Higher’: Former Treasury Secretary Lawrence Summers said that the surge in US payrolls in March ...
bloomberg.com/news/articles/2024-04-05/summers-says-hot-jobs-data-show-neutral-fed-rate-much-higher
Paid articlePaid Fed chair Jerome Powell witnessed stronger-than-expected inflation numbers for the third time. With an election looming and price growth still high ... Show more www.reuters.com/breakingviews/powells-rate-cuts-may-go-steady-steep-2024-04-10/
Odd Lots Newsletter: Switchgear Shortage Says a Lot About the Economy: Hello and welcome to the weekly Odd Lots newsletter, where Joe Weisenthal and Tracy ...
bloomberg.com/news/newsletters/2024-04-12/odd-lots-newsletter-switchgear-shortage-says-a-lot-about-the-economy
Paid articlePaid Copper Rises to 14-Month High as Powell Affirms Fed Rate Stance: Copper rose to a 14-month high as expectations for US rate cuts and threats to supply added ...
bloomberg.com/news/articles/2024-04-04/copper-rises-to-14-month-high-as-powell-affirms-fed-rate-stance
Paid articlePaid Gold at Record High, Confusing Even Its Fans: A string of fresh record highs for the yellow metal has been met with uncharacteristic indifference.
bloomberg.com/news/newsletters/2024-04-04/gold-at-record-high-confusing-even-its-fans
Wall St slips as dour earnings, chip stocks weigh: U.S. stocks fell in choppy trading on Wednesday as investors assessed the Federal Reserve's interest rate ...
reuters.com/markets/us/futures-inch-up-megacap-support-earnings-fed-comments-tap-2024-04-17/
How immigration is helping the economy defy expectations: Policymakers are increasingly pointing to an immigration influx and a bolstered U.S ...
thehill.com/homenews/4581122-how-immigration-is-helping-the-economy-defy-expectations/
Watch Fed Chair Powell speak live during a policy forum in Washington: Fed Chair Jerome Powell speaks to the Wilson Center's Washington Forum on the Canadian ...
cnbc.com/2024/04/16/watch-fed-chair-powell-speak-live-during-a-policy-forum-in-washington.html
Fed’s Powell Speech: 5 Takeaways From Stanford Forum Q&A: Here are the key takeaways from Federal Reserve Chair Jerome Powell’s remarks at Stanford’s Business ...
bloomberg.com/news/articles/2024-04-03/fed-s-powell-speech-5-takeaways-from-stanford-forum-q-a
Paid articlePaid Taking Time: The Bloomberg Open, Asia Edition : Good morning. The Fed sticks to wait-and-see. TSMC resumes output after the quake. And Steve Cohen endorses the ...
bloomberg.com/news/newsletters/2024-04-03/taking-time-the-bloomberg-open-asia-edition
Paid articlePaid Powell, Middle East Fears Weigh On Tech Stocks, Treasury Yields Hit 5%, Gold Notches Fifth Week Of Gains: This Week In The Markets
Nasdaq 100's tech stocks ... Show more
Opinion | Why Is the Federal Reserve Always Surprised by Inflation?: The central bank owes the public an explanation—and a serious effort to correct its flawed ...
wsj.com/articles/why-is-the-federal-reserve-always-surprised-by-inflation-jerome-powell-guidance-7efcad64
Jamie Dimon Says AI Could Be as Transformational as the Steam Engine: JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said artificial intelligence ...
bloomberg.com/news/articles/2024-04-08/dimon-says-ai-could-be-as-transformational-as-the-steam-engine
Paid articlePaidQuick Glance: Jamie Dimon warns of potentially prolonged high rates
- JPMorgan chief Jamie Dimon warns in his annual letter to investors of potentially prolonged higher inflation and interest rates due to high government spending.
- Dimon mentioned that the economy is being fueled by government deficit spending and past stimuli, which could lead to potentially stickier inflation and higher rates.
- Financial markets have significantly reduced their expectations for the number of expected rate cuts by the US Federal Reserve, with only two quarter-point cuts planned in 2024.
- Dimon also warns of the risks of the private credit market boom and emphasizes that regulations may increasingly focus on this market, warning of geopolitical risks due to events like Russia's invasion of Ukraine.
Never Mind Jerome Powell? Bullish Analyst Predicts Over 3 Rate Cuts This Year, Calls Recent Inflation Spike 'Statistical Aberration'
Despite warnings about ... Show more
Immigration Helps US Jobs Grow Faster Than Powell’s Speed Limit: The US jobs market probably will be able to run significantly hotter again this year than ...
bloomberg.com/news/articles/2024-04-04/immigration-helps-us-jobs-grow-faster-than-powell-s-speed-limit
Paid articlePaid US stocks closed lower on Tuesday as Fed Chair Jerome Powell dashed investors’ hopes of meaningful interest rate cuts this year www.reuters.com/markets/us/futures-ease-bond-yields-stay-elevated-amid-middle-east-tensions-2024-04-16/
US job growth beats expectations in March; wages increase steadily: U.S. job growth blew past expectations in March and wages increased at a steady clip ...
reuters.com/markets/us/us-job-growth-beats-expectations-march-wages-increase-steadily-2024-04-05/
Quick Glance: US economy adds impressive 303,000 jobs last month
- Employers added 303,000 jobs in March, bringing the unemployment rate down to 3.8%.
- US stock futures rose slightly on Friday morning, but markets have had a rough week.
- The S&P 500 companies are expected to report positive first-quarter earnings, fueling optimism in the market.
- Investors are hopeful for a strong earnings season to continue the stock rally amidst concerns about inflation and interest rates.
Five Things You Need to Know to Start Your Day: Americas: Good morning. Markets wait for Powell comments, jobs data gives a payrolls preview and Citigroup ...
bloomberg.com/news/newsletters/2024-04-03/five-things-you-need-to-know-to-start-your-day-americas
Jerome Powell | Stanford University | Business, Government, and Society Forum: Benzinga Live on X (Twitter)
twitter.com/i/broadcasts/1dRJZEnqyyVGB
Five Things You Need to Know to Start Your Day: Americas: Good morning. Fed Chair Powell soothes some nerves and reassures markets, though the dollar continues ...
bloomberg.com/news/newsletters/2024-04-04/five-things-you-need-to-know-to-start-your-day-americas
Fedspeak: The Bloomberg Open, Americas Edition: Good morning. More Fed speakers are lined up after Jerome Powell’s reassurance. Judges, not voters ...
bloomberg.com/news/newsletters/2024-04-04/fedspeak-the-bloomberg-open-americas-edition
Paid articlePaid World Economy Latest: Why the US Job Market Isn’t So Hot After All: I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at Rich ...
bloomberg.com/news/newsletters/2024-04-04/world-economy-latest-why-the-us-job-market-isn-t-so-hot-after-all
Reuters World News: Trump’s trials, Powell’s warning and geopolitics at the Olympics
reut.rs/3W3AOwm
US Mortgage Rates Climb to 6.82%, Squeezing Homebuyers in Market: Mortgage rates in the US rose, ramping up the pressure on homebuyers.
bloomberg.com/news/articles/2024-04-04/us-mortgage-rates-climb-to-6-82-squeezing-homebuyers-in-market
Paid articlePaid Five Things You Need to Know to Start Your Day: Asia: Good morning. Jerome Powell maintains his cautious stance. Taiwan weighs toll of worst earthquake in 25 ...
bloomberg.com/news/newsletters/2024-04-03/five-things-you-need-to-know-to-start-your-day-asia
The Bloomberg Dollar Index saw its biggest drop in nearly four weeks as price pressures in the US services industry eased and Fed Chair Jerome Powell said ... Show more www.bloomberg.com/news/articles/2024-04-03/dollar-weakens-as-us-services-data-points-to-easing-inflation-pressure
Rupee may slide to record low despite dollar fall post Powell's comments: The Indian rupee may drop to a record low at the open on Thursday despite Federal ...
reuters.com/markets/currencies/rupee-may-slide-record-low-despite-dollar-fall-post-powells-comments-2024-04-04/
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