Fed’s Powell Ready to Support Job Market Even if Inflation Lingers: As inflation surged in 2022, the Federal Reserve moved to prevent a wage-hike spiral by ...
bloomberg.com/news/articles/2024-03-24/fed-s-powell-ready-to-support-job-market-even-if-inflation-lingers
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Powell Juices Bond Market Bet on Inflation With Tilt to Jobs: Federal Reserve Chair Jerome Powell’s increasing focus on protecting the job market is encouraging ...
bloomberg.com/news/articles/2024-03-28/powell-juices-bets-in-bond-market-on-inflation-with-tilt-to-jobs
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Fed Rate Cuts Latest: US Inflation to Shape Powell’s Views on Timing: I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at the Fed’s ...
bloomberg.com/news/newsletters/2024-03-20/fed-rate-cuts-latest-us-inflation-to-shape-powell-s-views-on-timing
Stock market today: S&P 500 notches record high as Fed affirms rate cuts: The S&P 500 surpassed 5,200 for the first time as the Fed affirmed three rate cuts are ...
markets.businessinsider.com/news/stocks/stock-market-today-fed-rate-cut-outlook-inflation-sp500-record-2024-3
Quick Glance: UK Inflation Rate Drops to 3.4% - Lowest Level in Almost Two and a Half Years - BBC News
- The UK inflation rate fell to 3.4% for the year to February - the lowest level in almost two and a half years.
- Economists predict that inflation is likely to hit the Bank of England's target of 2% this summer.
- Cost of living is increasing while wage growth is outpacing inflation.
- Housing costs are rising faster, putting pressure on renters and homeowners.
Powell and Fresh Inflation Data Set to Crash Market Holiday: This is Washington Edition, the newsletter about money, power and politics in the nation’s capital ...
bloomberg.com/news/newsletters/2024-03-28/powell-and-fresh-inflation-data-set-to-crash-market-holiday
Federal Reserve Chair Jerome Powell told House lawmakers that interest rate cuts are likely "at some point" in 2024 ... Show more
Fed’s Powell Says US Inflation Is ‘Still Too High’
bloomberg.com/news/live-blog/2024-03-20/fomc-rate-decision-and-fed-chair-news-conference
Powell Sidesteps Questions, and Markets Take His Words as Signal to Buy: El-Erian hears a signal of Fed tolerance for higher inflation, and so does the market
bloomberg.com/news/newsletters/2024-03-20/powell-sidesteps-questions-and-markets-take-his-words-as-signal-to-buy
Bloomberg Weekend Reading: Japan Ends the Era of Negative Rates: Get caught up.
bloomberg.com/news/newsletters/2024-03-23/bloomberg-weekend-reading-japan-ends-the-era-of-negative-rates
Fed Rates Latest: Powell Is About to Double Down on No Rush to Cut: Federal Reserve Chair Jerome Powell is expected to double down on his message that there’s no ...
bloomberg.com/news/articles/2024-03-02/fed-rates-latest-powell-is-about-to-double-down-on-no-rush-to-cut
Federal Reserve Chair Jerome Powell said recent high inflation readings had not changed the underlying ‘story’ of slowly easing price pressures in the US as ... Show more
Powell Says Fed’s Close To Evidence Needed on Inflation to Cut Interest Rates: Eight months after raising interest rates to a two-decade high, Federal Reserve ...
bloomberg.com/news/articles/2024-03-10/powell-says-fed-s-close-to-evidence-needed-on-inflation-to-cut-interest-rates
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Stock market today: Indexes slip again ahead of inflation data: Stocks logged another losing session on Tuesday, after closing lower in the prior two sessions ...
markets.businessinsider.com/news/stocks/stock-news-today-rally-fed-comments-pce-inflation-data-powell-2024-3
The Fed Will Stake Its Reputation on 2% Inflation Target: Welcome to the Weekly Fix, the newsletter that would never shift its own goal posts ...
bloomberg.com/news/newsletters/2024-03-22/the-fed-will-stake-its-reputation-on-2-inflation-target
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Federal Reserve expected to cut rates, lift Biden's prospects: The U.S. Federal Reserve looks on track to cut interest rates as the presidential campaign season ...
reuters.com/markets/us/federal-reserve-expected-cut-rates-lift-bidens-prospects-2024-03-25/
Gold Hits New Record After Fed Maintains Rate-Cut Plan: Gold jumped to a record above $2,200 an ounce after the Federal Reserve maintained its outlook for three ...
bloomberg.com/news/articles/2024-03-20/spot-gold-rises-to-2-200-an-ounce-for-the-first-time
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Inflation frustration may prompt Fed to dial back rate-cut outlook: U.S. central bankers are not expected to cut borrowing costs this week, but their new ...
reuters.com/markets/us/inflation-frustration-may-prompt-fed-dial-back-rate-cut-outlook-2024-03-18/
Fed’s Powell Skeptical of Inflationary Impact of Surge Pricing: Federal Reserve Chair Jerome Powell pushed back on the idea that surge pricing will fuel US ...
bloomberg.com/news/articles/2024-03-07/fed-s-powell-skeptical-of-inflationary-impact-of-surge-pricing
Your 401(k) has 'room to run.' And it's not all about Fed rate cuts.: The Fed's plans to cut interest rates seems to be driving up stocks and your 401(k) ...
usatoday.com/story/money/2024/03/24/fed-rate-cuts-stocks-economy/73074366007/
Wall Street hits record closing highs on rate-cut optimism; chipmakers rally: Wall Street's three major stock indexes on Thursday registered record closing highs ...
reuters.com/markets/us/futures-gain-fed-sticks-rate-cut-projections-micron-rally-lifts-chipmakers-2024-03-21/
The US economy is nowhere near a recession, Goldman Sachs’ top economist says: The soft landing that once looked nearly impossible for the Federal Reserve to ...
cnn.com/2024/03/20/business/recession-fed-economy-goldman-sachs/
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JPMorgan Chase CEO Jamie Dimon had a lot to say at the Australian Financial Review business summit. The bank boss touched on everything from the Federal ... Show more
Dollar weakens after Fed meeting, yen strengthens: The dollar weakened and the yen rebounded from near multi-decade lows on Wednesday after the Federal Reserve ...
reuters.com/markets/currencies/yen-flounders-near-four-month-low-fed-spotlight-2024-03-20/
The Federal Reserve reiterated its intention to continue reducing its balance sheet by as much as $95 billion per month, with Fed Chair Jerome Powell saying ... Show more
Dollar set for weekly gain, yen softens ahead of Fed, BOJ meetings next week: The dollar was on track for a weekly gain versus major currencies while the yen ...
reuters.com/markets/currencies/dollar-advances-us-inflation-data-weighs-rates-outlook-2024-03-15/
US wholesale prices picked up in February in sign that inflation pressures remain elevated
apnews.com/article/inflation-wholesale-prices-consumer-federal-reserve-rates-b0456bd9bdc0cfdb5945f443ff75d865
Quick Glance: Inflation Decline and Consumer Impact
- Inflation in Germany continues to decline, primarily due to cheaper energy prices. Experts predict a further decrease in the year ahead, but with potential challenges. Higher inflation rates diminish consumer purchasing power.
- In February, energy and fuels decreased in price, while food prices increased. Services also became more expensive. Consumer prices rose by 0.4 percent compared to the previous month.
- The German government forecasts rising consumer prices and wage increases above the inflation rate. The expectation is that employees will spend the money and boost private consumption. However, the Bundesbank President warns against premature interest rate cuts.
- Despite the decline in inflation, the Bundesbank cautions against premature interest rate cuts. The European Central Bank aims for price stability in the medium term. Higher interest rates can curb demand but also burden the economy.
Bloomberg Evening Briefing: Wall Street Beats Back Fed in Battle Over Capital: Get caught up.
bloomberg.com/news/newsletters/2024-03-06/bloomberg-evening-briefing-wall-street-beats-back-fed-in-battle-over-capital
Gold rally hits pause ahead of US inflation data: Gold prices took a breather from a record-breaking rally on Monday, which was fuelled by a cooling U.S ...
reuters.com/markets/commodities/gold-rally-hits-pause-ahead-us-inflation-data-2024-03-11/
Gold hits fifth record high in March on Fed rate-cut view: Gold prices on Thursday hit record highs for the fifth time this month after the U.S ...
reuters.com/markets/commodities/gold-sprints-record-high-fed-sticks-2024-rate-cut-view-2024-03-21/
Lawmakers call on Fed to lower interest rate ahead of Wednesday announcement: Ahead of the Federal Reserve's meeting on interest rates and inflation ...
bostonherald.com/2024/03/19/lawmakers-call-on-fed-to-lower-interest-rate-ahead-of-wednesday-announcement/
Wells Fargo pushes back Fed rate-cut expectation to June from May: Wells Fargo on Wednesday joined major banks such as Morgan Stanley, Goldman Sachs and UBS ...
reuters.com/markets/us/wells-fargo-pushes-back-its-expectation-first-fed-rate-cut-june-2024-03-13/
Fed gets another reason not to rush on rate cuts: U.S. Federal Reserve policymakers weighing when to start interest-rate cuts got another reason to sit tight for ...
reuters.com/markets/us/fed-gets-another-reason-not-rush-rate-cuts-2024-03-08/
JPMorgan Chase CEO Jamie Dimon said he doesn’t think the Federal Reserve should begin lowering interest rates by June and should instead wait for more clarity ...
Fed Chair Powell Just Blessed The S&P 500 Rally — And Ignored This: Federal Reserve Chair Jerome Powell said financial conditions are weighing on the economy ...
investors.com/news/economy/federal-reserve-chair-jerome-powell-financial-conditions-sp-500-rally/
Interest-Rate Cuts and Inflation: Your Guide to the Great Descent of 2024: In a new monthly project, Points of Return will track the world’s perilous journey out ...
bloomberg.com/graphics/2024-opinion-rate-cuts-covid-inflation-central-banks/
Fed’s Powell loses chance to muddle inflation goal: Inflation is not cooperating with Jerome Powell. On Tuesday, the U.S. Labor Department said that consumer ...
reuters.com/breakingviews/feds-powell-loses-chance-muddle-inflation-goal-2024-03-12/
The great central bank policy reversal kicks off: The world's biggest central banks are on the starting line of reversing a record string of interest rate hikes ...
reuters.com/markets/rates-bonds/great-central-bank-policy-reversal-kicks-off-2024-03-22/
US economy adds 275,000 jobs in February, unemployment rate ticks higher: The February jobs report showed employers continue to hire workers at a good clip ...
foxbusiness.com/economy/us-jobs-report-february-2024
Quick Glance: Slower, but strong US job growth expected
- Forecast: Nonfarm payrolls to increase by 200,000 in February
- Unemployment rate expected unchanged at 3.7%
- Average hourly earnings to rise 4.4% year-on-year
- Labor market remains strong despite potential rate cuts
Consumer prices: US inflation rises surprisingly - Stock markets are still increasing
handelsblatt.com/finanzen/geldpolitik/verbraucherpreise-us-inflation-zieht-ueberraschend-an-aktienmaerkte-legen-dennoch-zu/100020954.html
Federal Reserve likely to preach patience as markets look for rate cuts: Across the United States, many people are eagerly anticipating the Federal Reserve’s ...
apnews.com/article/federal-reserve-inflation-prices-interest-rates-cuts-fe4b77c6b8901fb5d8b50e891dafbe34
What's next for US interest rates?: The Fed forecast at its December meeting that it "will cut borrowing costs three times in the coming year"
theweek.com/money-file/1021751/personal-finance-us-interest-rate-forecast
Fed Rate Cuts Are On Hold Because Of The AI Stock Boom: The Federal Reserve is slow-walking rate cuts to restrain surging AI stocks and the S&P 500 ...
investors.com/news/economy/fed-rate-cuts-federal-reserve-sp-500/
Key Fed Inflation Rate Isn't Great For Near-Term Rate Cut: The key Federal Reserve inflation rate heated up in January, but no worse than expected ...
investors.com/news/economy/key-federal-reserve-inflation-rate-bad-news-for-rate-cuts-sp-500-rise/
Quick Glance: Inflation Drops: Impact on Your Money
- Germany's inflation hits lowest level since June 2021, affecting consumers.
- Rising prices have burdened private consumption and the German economy.
- Experts predict further inflation decrease, yet caution prevails.
- CO2 price hikes and VAT rate changes impact inflation factors, as food prices rise.
The US economy is so strong that there might not be any rate cuts in 2024: 2024 was supposed to be the year consumers could start breathing again.
cnn.com/2024/03/01/investing/the-fed-may-not-cut-rates-this-year/
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Fed Meeting Focus On These Two Words Won't Thrill S&P 500: Federal Reserve meeting rate-cut projections will take center stage on Wednesday ...
investors.com/news/economy/federal-reserve-meeting-rate-cuts-financial-conditions-sp-500/
As Hershey battles cocoa costs, chocolate lovers may help cool inflation: The company’s response to the historically high cost of cocoa, the main ingredient in ...
washingtonpost.com/business/2024/03/12/inflation-chocolate-prices-grocery-cost/
Fed’s Michael Barr Says More Data Needed on Inflation Before Rate Cuts Can Start: Federal Reserve Vice Chair for Supervision Michael Barr said the US central ...
bloomberg.com/news/articles/2024-02-14/barr-says-he-supports-powell-s-careful-approach-to-rate-cuts
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Rent is driving inflation. But there’s something off in the data.: There’s a growing disconnect between what shows up in official reports and what’s happening on ...
washingtonpost.com/business/2024/03/03/rent-cpi-housing-fed/
Fed Rate Cuts Are On Hold Because Of The AI Stock Boom: The Federal Reserve is slow-walking rate cuts to restrain surging AI stocks and the S&P 500 ...
investors.com/news/economy/fed-rate-cuts-federal-reserve-sp-500/
Fed chief caught in partisan battle over rate cuts as election looms: Interest rates are becoming an increasingly partisan issue ahead of the 2024 election as ...
thehill.com/business/4513519-fed-chief-caught-in-partisan-battle-over-rate-cuts-as-election-looms/
5 Key Takeaways From Powell Senate Hearing: Here are five key takeaways from Federal Reserve Chair Jerome Powell’s testimony before the Senate Banking Committee ...
bloomberg.com/news/articles/2024-03-07/key-takeaways-from-fed-chair-powell-s-senate-testimony-toplive
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Fed rate cut outlook: No reason why Powell should cut rates right now: The US economy is holding up just fine, and growth projections for 2024 have only gone up ...
businessinsider.com/fed-rate-cut-outlook-jerome-powell-us-economy-earnings-jpmorgan-2024-3
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LIVE: Jerome Powell testifies on monetary policy in Senate hearing
Federal Reserve Chair Jerome Powell gives Senate Banking Committee its biannual monetary ... Show more
U.S. inflation sees slight decline but remains above Fed target: The costs of physical goods, including clothing, used cars and prescription drugs ...
pbs.org/newshour/economy/u-s-inflation-sees-slight-decline-but-remains-above-fed-target
Inflation Risks Leave Federal Reserve Officials Reluctant to Cut Rates: The Federal Reserve entered 2024 within spitting distance of its inflation goal ...
bloomberg.com/news/articles/2024-02-14/lingering-inflation-risks-leave-federal-reserve-officials-reluctant-to-cut-rates
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Even Cookie Monster is complaining about the US economy now: Cookie Monster has taken a stance on a very real and controversial trend in the US economy — and he ...
cnn.com/2024/03/04/economy/cookie-monster-shrinkflation/
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CNBC Daily Open: Markets brace for key U.S. inflation gauge: Wall Street is bracing for a key inflation gauge that will once again test the markets.
cnbc.com/2024/03/12/cnbc-daily-open-markets-brace-for-key-us-inflation-gauge.html
Wall Street Indices Hit New Highs After Fed Decision and Powell’s Remarks: Following the Federal Reserve's decision and Chairman Jerome Powell's press ...
riotimesonline.com/wall-street-indices-hit-new-highs-after-fed-decision-and-powells-remarks/
'Slam dunk' Treasury trade becomes test of patience as yields march higher: A sell-off in the U.S. government bond market is picking up speed ...
reut.rs/3uMd706
Long-term inflation expectations rise, spelling possible trouble for the Fed, survey shows
cnbc.com/2024/03/11/long-term-inflation-expectations-rise-spelling-possible-trouble-for-the-fed-survey-shows.html
Fed’s Powell: Still Too Early For Interest Rate Cuts: Cutting interest rates now could result in even more painful rate hikes down the line ...
forbes.com/sites/dereksaul/2024/03/06/feds-powell-still-too-early-for-interest-rate-cuts/
Bloomberg Weekend Reading: US Job Numbers Point to the Fed’s Soft Landing Goal: Get caught up.
bloomberg.com/news/newsletters/2024-03-09/bloomberg-weekend-reading-us-job-numbers-point-to-the-fed-s-soft-landing-goal
March interest rate decision: Why the ECB is foregoing a rate cut for the time being
faz.net/aktuell/finanzen/ezb-laesst-zinsen-unveraendert-was-das-fuer-sparer-und-hausbauer-heisst-19568597.html
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Quick Glance: ECB Keeps Rates Stable: Inflation at 2% by 2025
- The European Central Bank (ECB) kept its benchmark interest rates steady in March, anticipating a further decline in inflation. Price pressures are expected to reach the target of 2% by 2025.
- The latest ECB staff projections suggest that inflation is projected to average 2.3% in 2024, followed by 2.0% in 2025 and 1.9% in 2026. Despite easing measures of core inflation, persistent domestic price pressures remain, partly due to strong wage growth.
- The ECB reiterated its data-dependent approach, intending to evaluate economic data to determine the appropriate path of its policies. Market reactions to the new ECB staff projections saw a weakening of the euro against the dollar and a decrease in sovereign bond yields across the eurozone.
- European equity indices surged, driven by heightened expectations of rate cuts following the updated ECB staff projections. Investors are eagerly anticipating statements from ECB President Lagarde, scheduled to commence at 14:45 CET.
S&P 500 hits a new record ahead of U.S. jobs report: Gold prices also hit an all-time high after Fed chair Jerome Powell fostered expectations for lower U.S ...
fastcompany.com/91052058/sp-500-hits-a-new-record-ahead-of-u-s-jobs-report
The Fed may wait too long to cut interest rates and spark a recession, economists say
usatoday.com/story/money/2024/02/23/fed-interest-rate-cut-delay-cause-recession/72698385007/
No Change In Interest Rates Expected At Fed’s May Meeting: The FOMC will set interest rates again on May 1. Rates are not expected to change ...
forbes.com/sites/simonmoore/2024/03/26/no-change-in-interest-rates-expected-at-feds-may-meeting/
Live updates: Markets await rate cut details from Fed Chair Powell as he testifies before Congress
cnn.com/business/live-news/markets-fed-chair-powell-testimony-03-06-24/
Investors were bullish late last year on when, and how quickly, the Federal Reserve would cut interest rates in 2024. New inflation data along with cautious ... Show more
The Fed hates politics. Now it’s trying to cut rates in an election year.: The Fed is eyeing multiple interest rate cuts this year. Those moves could give some ...
washingtonpost.com/business/2024/03/06/fed-economy-election/
A plot twist threatens Jay Powell’s artful script: In the 2021 movie “Don’t Look Up,” scientists fail to persuade a gullible public that a comet will destroy ...
reuters.com/breakingviews/plot-twist-threatens-jay-powells-artful-script-2024-02-27/
The housing market is cooling again. Here's why.: The average 30-year fixed mortgage rate is 6.9%.
abcnews.go.com/Business/housing-market-cooling/story
Quick Glance: Housing Market Sees Another Chill
- After a period of warming up at the beginning of 2024, the housing market has experienced another cooling in recent weeks.
- Experts attribute the downturn to a surge in mortgage rates, leading to unattainable home prices when combined with high borrowing costs.
- The interest rate for 30-year fixed mortgages has climbed to 6.9%, rebounding from a gradual decline at the close of last year, according to a report by Freddie Mac.
Stock news today: Mega-caps tech leads gains ahead of Fed decision: The Fed started off its two-day policy meeting. All eyes will be on Jerome Powell on ...
markets.businessinsider.com/news/stocks/stock-news-today-tech-ai-fed-interst-rate-decision-fomc-2024-3
Federal Reserve sparks market rally as officials stick to rate cut plan: S&P 500 and Nasdaq Composite reach record highs after central bank also raises GDP ...
ft.com/content/2bc28837-e4b5-47c3-9254-3990e4899a48
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US inflation data has erased the last remnants of a global bond rally that started in December with the hope that the Federal Reserve had finally pivoted to ... Show more
Insight: Bank of England forecasts in the dock as Bernanke verdict looms: When the Bank of England's chief economist was asked to explain why its forecasting ...
reuters.com/markets/europe/bank-england-forecasts-dock-bernanke-verdict-looms-2024-03-11/
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