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Fed chief: Powell hints at a pause on interest rates: Before the last interest rate meeting of the American Federal Reserve, Fed Chairman Jerome Powell indicated ...
faz.net/aktuell/finanzen/fed-chef-powell-deutet-zinspause-an-19355305.html
Fed chief: Powell hints at a pause on interest rates
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Jerome Powell Has a Chance to Be a Legend: If you like chatting with us, check out the Odd Lots Discord, where you can hang out and talk with us and with other ...
bloomberg.com/news/newsletters/2023-07-28/jerome-powell-has-a-chance-to-be-a-legend
Jerome Powell Has a Chance to Be a Legend
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Inflation likely eased for seventh straight month in January: Still, the Federal Reserve has made clear that it has a long way to go before inflation is rooted ...
washingtonpost.com/business/2023/02/14/inflation-easing-cpi-january/
Inflation likely eased for seventh straight month in January
Quick Glance: Lael Brainard's departure from the White House leaves a significant void at the Federal Reserve.
  • Lael Brainard, the Federal Reserve's No. 2 official, is leaving for the White House, leaving a void at the central bank as it enters a new phase of its inflation fight.

  • Many people close to the Fed and the White House believe Brainard will eventually succeed Yellen at Treasury after the NEC.

  • It's unclear who the White House could quickly appoint to fill such a critical role at the Fed.

  • She's so central that it appears she'll leave a void."
Profile picture of The Wall Street Journal
Jerome Powell Signals Fed Prepared to Slow Rate-Rise Pace in December: Fed chair says a labor-market slowdown will be needed to bring inflation back to the ...
wsj.com/articles/jerome-powell-signals-fed-prepared-to-slow-rate-rise-pace-in-december-11669833043
Jerome Powell Signals Fed Prepared to Slow Rate-Rise Pace in December
Quick Glance: Powell signals a 0.50% rate hike in December, stressing the need to "moderate" the pace.
  • In a speech on Wednesday, Federal Reserve Chair Jerome Powell set the stage for a 50-basis-point rate boost at the Fed's December policy meeting, saying it makes sense to "moderate" rate hikes as the Fed near its expected peak in benchmark interest rates.

  • "It makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down," Powell said at the Brookings Institution in Washington.

  • "The time for moderating the pace of rate increases may come as soon as the December meeting."

  • "History cautions strongly against prematurely loosening policy."
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Analysis: Investors look to emerging markets as planets align for end of dollar bull market
reuters.com/markets/currencies/investors-look-emerging-markets-planets-align-end-dollar-bull-market-2022-12-06/
Analysis: Investors look to emerging markets as planets align for end of ...
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Federal Reserve Chairman Jerome Powell tests positive for COVID-19: The Fed announced on Wednesday that its chairman, Jerome Powell, has tested positive for ...
foxbusiness.com/economy/federal-reserve-chairman-jerome-powell-tests-positive-for-covid-19
Federal Reserve Chairman Jerome Powell tests positive for COVID-19
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Morning Bid: Powell clears the decks: A look at the day ahead in U.S. and global markets from Mike Dolan.
reuters.com/markets/us/global-markets-view-usa-pix-2022-12-01/
Morning Bid: Powell clears the decks
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Inflation Regrets? The Federal Reserve Has Too Few: If Jerome Powell wants to defend its independence, he’ll have to prove it has learned from its mistakes.
wsj.com/articles/regrets-the-federal-reserve-has-too-few-transitory-recession-uber-lyft-jerome-powell-2024-inflation-price-surge-11673543504
Inflation Regrets? The Federal Reserve Has Too Few
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Sentiment boost from easing of China's COVID curbs weighs on dollar: The euro and pound hit over five-month highs against the dollar in early trade on Monday as ...
reuters.com/markets/currencies/dollar-soft-china-reopening-hopes-boost-risk-sentiment-2022-12-05/
Sentiment boost from easing of China's COVID curbs weighs on dollar
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Stocks Drop As Fed Leaves Investors Uncertain About Rates: The Fed chair said the central bank “still has a ways to go” before it will be done raising interest ...
nytimes.com/2022/11/02/business/stock-market-fed.html
Stocks Drop As Fed Leaves Investors Uncertain About Rates
Quick Glance: Bank of England warns of "longest recession" as interest rates rise by 3%
  • People are terrified about how they will make these dreadful mortgage payments after tomorrow.

  • Higher interest rates will make borrowing money more expensive, pushing people to save rather than borrow, implying that people will spend less.

  • Those who borrow, such as those on mortgages, may see their interest rates climb as interest rates continue to rise.

  • As a result of the expected interest rate hike of 0.75%, buyers may face an increased monthly payment, implying that mortgage payments might account for more than 40% of a homeowner's gross wage.
Profile picture of Axios (website)
It’s not the COVID economy — it’s just the economy now: The pandemic shocks have reshaped the very fabric of the economy.
axios.com/2023/02/03/covid-risks-economy-federal-reserve
It’s not the COVID economy — it’s just the economy now
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Federal Reserve raises interest rate by 0.50 percentage point to curb inflation and sees steeper hikes ahead
usatoday.com/story/money/economy/2022/12/14/fed-interest-rate-federal-reserve-meeting-live-updates/10867165002/
Federal Reserve raises interest rate by 0.50 percentage point to curb ...
Quick Glance: The Federal Reserve of the United States lifts the benchmark interest rate by half a percentage point to slightly under 4.5 percent.
  • At the same time, it stated that it will not relent in its fight against inflation.

  • The main interest rate could be above 5% for the entire year of 2023.

  • Second, even with a key rate of somewhat less than 4.5 percent, the cycle is unlikely to be over.

  • To go back to the two percent target, he said he would accept some "macroeconomic pain" - that is, a minor uptick in the extremely low unemployment rate.
Profile picture of Insider (news website)
Stock market news today: Positive Q3 GDP revision and Powell speech: Q3 GDP growth was revised to 2.9% from 2.6%, while the ADP payroll report showed 127 ...
markets.businessinsider.com/news/stocks/stock-market-news-today-positive-q3-gdp-revision-powell-speech-2022-11
Stock market news today: Positive Q3 GDP revision and Powell speech
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Fed Raises Rates Another 50 Basis Points—Signals More Hikes To Come Next Year: Despite a promising inflation report, the Fed's work in taming surging prices is ...
forbes.com/sites/jonathanponciano/2022/12/14/fed-raises-rates-another-50-basis-points-signals-more-hikes-to-come-next-year/
Fed Raises Rates Another 50 Basis Points—Signals More Hikes To Come Next ...
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As Fed raises interest rates to combat inflation, central banks around the world follow
pbs.org/newshour/show/as-fed-raises-interest-rates-to-combat-inflation-central-banks-around-the-world-follow
As Fed raises interest rates to combat inflation, central banks around the ...
Quick Glance: The Fed raises interest rates again: How do the significant increases affect your finances?
  • Even before the Fed's announcement on Wednesday, credit card borrowing rates had reached their highest level since 1996, according to Bankrate.com, and they are expected to rise further.

  • However, these organizations' longer-term loans of more than four installments are subject to the same increased borrowing rates as credit cards.

  • Rates for new auto loans are expected to rise nearly as much as the Fed's rate hike.

  • Last week, the average fixed mortgage rate surpassed 6%, the highest level in 14 years, implying that house loan rates are roughly double what they were a year ago.
Profile picture of Vox
Inflation, jobs, and how to make sense of the post-pandemic economy: The housing market is a disaster. The job market’s still strong. Consumers hate inflation ...
vox.com/the-goods/2022/12/2/23486024/economy-inflation-jobs-report-gdp-stock-market-recession
Inflation, jobs, and how to make sense of the post-pandemic economy
Profile picture of Axios (website)
Fed chair Powell on the U.S. labor shortage: COVID, retirements, missing immigrants
axios.com/2022/12/16/the-missing-workers-who-are-never-coming-back
Fed chair Powell on the U.S. labor shortage: COVID, retirements ...
Profile picture of The Wall Street Journal
Fed Raises Interest Rates by 0.75 Percentage Point: The central bank acknowledged indicators of spending and output had softened, but said further rate rises are ...
wsj.com/articles/fed-raises-interest-rates-by-0-75-percentage-point-11658944935
Fed Raises Interest Rates by 0.75 Percentage Point
Quick Glance: The United States' GDP fell at a 0.9% annual rate in the second quarter, raising fears of a recession.
  • For the second quarter in a row, output fell, hampered by rising prices and borrowing rates.

  • Treasury Secretary Janet Yellen stated on Thursday that the United States is experiencing "very significant fiscal drag."

  • The Commerce Department reported Thursday that GDP, a broad measure of goods and services generated across the economy, dropped at an inflation and seasonally adjusted annual rate of 0.9% in the second quarter.

  • Any changes in pricing or terms will be communicated to you in advance.
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IMF slashes U.S. growth forecast, sees 'narrowing path' to avoid recession: The International Monetary Fund on Friday slashed its U.S. economic growth forecast ...
reuters.com/world/uk/imf-slashes-us-growth-forecast-sees-narrowing-path-avoid-recession-2022-06-24/
IMF slashes U.S. growth forecast, sees 'narrowing path' to avoid recession
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Stock rally fizzles, dollar retreats as U.S. jobs glow fade: A rally in world stocks flagged on Friday, while the U.S. dollar retreated from a 24-year high on ...
reuters.com/markets/europe/global-markets-wrapup-1-pix-2022-09-02/
Stock rally fizzles, dollar retreats as U.S. jobs glow fade
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Over Half A Million Jobs Were Created Last Month. Here’s The Catch: It looks like the U.S. is heading into a different type of job market. More Americans are ...
forbes.com/sites/jackkelly/2022/08/09/over-half-a-million-jobs-were-created-last-month-heres-the-catch/
Over Half A Million Jobs Were Created Last Month. Here’s The Catch
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The Power of the Fed: As the Federal Reserve pumps billions of dollars into the financial system, who is benefiting and at what cost? Watch FRONTLINE's ...
pbs.org/wgbh/frontline/film/the-power-of-the-fed/
The Power of the Fed
Profile picture of The Wall Street Journal
Powell’s Anti-Inflation ‘Pain’: The faster the Fed gets inflation down, the better for markets.
wsj.com/articles/jerome-powells-anti-inflation-pain-federal-reserve-interest-rates-markets-11661552948
Powell’s Anti-Inflation ‘Pain’
Profile picture of South China Morning Post
China real estate and global debt woes show problems that led to 2008 financial crisis remain
scmp.com/comment/opinion/article/3195859/china-real-estate-and-global-debt-woes-show-problems-led-2008
China real estate and global debt woes show problems that led to 2008 ...
Profile picture of The Seattle Times
Wall Street closes worst week since 2020 with slight gain: Wall Street closed out its most punishing week since the 2020 coronavirus crash with a meandering day ...
seattletimes.com/business/asian-stocks-follow-wall-st-lower-on-economy-fears/
Wall Street closes worst week since 2020 with slight gain