American bank
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
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Fed’s John Williams Sees No Rush o Cut Interest Rates: Federal Reserve Bank of New York President John Williams said that there’s no rush to lower interest rates ...
bloomberg.com/news/articles/2024-04-18/new-york-fed-s-williams-sees-no-urgency-to-cut-interest-rates
Paid articlePaid Fed’s Williams Still Expects Rate Cuts to Begin This Year: Federal Reserve Bank of New York President John Williams said the central bank will likely start ...
bloomberg.com/news/articles/2024-04-15/williams-says-fed-likely-to-start-lowering-rates-this-year
Paid articlePaid The Lowest Pay US Workers Will Accept for a New Job Soars: The lowest compensation that job searchers are willing to accept for a new position increased to the ...
bloomberg.com/news/articles/2024-04-15/the-lowest-pay-us-workers-will-accept-for-a-new-job-soars
Paid articlePaid US Bond Yields Climb on Interest-Rate Hike Mention by Fed’s Williams: The US bond market’s recovery from the year’s highest yield levels was cut short Thursday ...
bloomberg.com/news/articles/2024-04-18/bonds-stumble-on-mere-mention-of-fed-rate-hike-by-williams
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Fed's rate-cut foot-dragging grates on global peers at IMF meetings: Finance chiefs from economies large and small are scrambling to keep pace with the Federal ...
reuters.com/markets/rates-bonds/feds-rate-cut-foot-dragging-grates-global-peers-imf-meetings-2024-04-19/
Share Your Experience With Moving, Mortgage Rates In The US: Surveys show Americans are reluctant to move these days. Have you decided recently on a move ...
bloomberg.com/news/articles/2024-04-18/share-your-experience-with-moving-mortgage-rates-in-the-us
Stock market today: Stocks slide for the 5th straight session: The S&P 500 hit its worst losing streak since last October as investors recalibrate amid forecasts ...
markets.businessinsider.com/news/stocks/stock-market-news-fifth-loss-fed-speakers-rate-cuts-delay-2024-4
New York Factory Activity Contracts Again While Prices Pick Up: New York state factory activity contracted in April for a fifth straight month ...
bloomberg.com/news/articles/2024-04-15/new-york-factory-activity-contracts-again-while-prices-pick-up
Paid articlePaid BIS and Banks to Test Tokenization of Cross-Border Payments
bloomberg.com/news/articles/2024-04-03/bis-and-banks-to-test-tokenization-of-cross-border-payments
Williams Signals Fed Still Has Work to Do in Its Inflation Fight: Federal Reserve Bank of New York President John Williams said the central bank has made ...
bloomberg.com/news/articles/2024-04-11/williams-signals-fed-still-has-work-to-do-in-its-inflation-fight
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The U.S. Economy In Peril: Part 2 - Inflation: Inflation concerns and high wages are impacting the Fed's rate cuts. US EV policy and mandates will raise prices.
seekingalpha.com/article/4683611-us-economy-in-peril-part-2-inflation
Paid articlePaid Wall St turns higher, gold climbs, oil dips amid economic, geopolitical crosswinds
reuters.com/markets/global-markets-wrapup-1-2024-04-18/
US Inflation Expectations Stabilize, But Debt Concerns Pick Up: Consumers’ expectations of US inflation over the coming year stabilized in March ...
bloomberg.com/news/articles/2024-04-08/us-inflation-expectations-stabilize-but-debt-concerns-pick-up
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Stocks on Wall Street got a boost after fresh economic data rekindled hopes that inflation remains in a downward trend. The Dow remained steady ... Show more www.reuters.com/markets/us/futures-slip-rate-cut-hopes-ebb-2024-04-11/
NY Fed finds mixed outlook for inflation expectations in March: Americans’ outlook for inflation was mixed last month amid expectations for bigger price rises ...
reuters.com/markets/us/ny-fed-finds-mixed-outlook-inflation-expectations-march-2024-04-08/
Fed looks to slice balance sheet runoff pace by half: The Federal Reserve is preparing in short order to slow the rate at which it sheds Treasury securities from ...
reuters.com/markets/us/fed-officials-preparing-slow-pace-balance-sheet-runoff-2024-04-10/
Stock markets today: Bond yields climb ahead of latest inflation data: The 10-year Treasury yield reached a 2024 high Monday as investors continue to adjust ...
markets.businessinsider.com/news/stocks/stock-markets-bond-yields-cpi-inflation-data-fed-rates-cuts-2024-4
American Consumers’ Perceptions of Tighter Lending Standards Remains High: Consumer perceptions of tighter lending standards remained high in March ...
bloomberg.com/news/articles/2024-04-08/us-consumer-perceptions-of-credit-access-remain-pessimistic
Recession outlook: Soft-landing is already here, Evercore founder says: "Arguably, the soft-landing already has happened," one Wall Street veteran says ...
businessinsider.com/recession-outlook-economy-soft-landing-job-market-stocks-gdp-growth-2024-4
In the Market: The mysterious one-day drop in a repo rate: Something odd just happened in U.S. short-term funding markets: a benchmark interest rate suddenly ...
reuters.com/markets/us/market-mysterious-one-day-drop-repo-rate-2024-04-12/
A crucial report Wednesday is expected to show little progress against inflation: The March consumer price index is expected to register increases of 0 ...
cnbc.com/2024/04/09/a-crucial-report-wednesday-is-expected-to-show-little-progress-against-inflation.html
Wall Street skids as yields climb on strong data: U.S. stocks fell on Tuesday as investors weighed chances that the Federal Reserve could delay cutting interest ...
reuters.com/markets/us/futures-dip-health-insurers-slide-focus-data-fed-speakers-2024-04-02/
NY Fed inflation gauge sees cooler price pressures in February: The Federal Reserve Bank of New York said on Monday that underlying inflation pressures weakened ...
reuters.com/markets/us/ny-fed-inflation-gauge-sees-cooler-price-pressures-february-2024-04-01/
Ringgit opens easier against US$ as Fed turns hawkish: KUALA LUMPUR: The ringgit opened easier against the US dollar today as the greenback strengthened further ...
thestar.com.my/business/business-news/2024/04/19/ringgit-opens-easier-against-us-as-fed-turns-hawkish
Stock market outlook: S&P 500 to soar another 16% if it stays above 4,800: The S&P 500 is bound to hit 6,100 by the end of the year, implying another ...
markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-rally-bullish-signal-fed-rate-cuts-2024-4
Wall Street gears up for US tax season liquidity test
reuters.com/markets/us/wall-street-gears-up-us-tax-season-liquidity-test-2024-04-03/
The Fed Is Wrong About How Low Interest Rates Will Go: This time around, the market has it right. The federal funds rate will probably stay a lot higher than ...
bloomberg.com/opinion/articles/2024-04-04/the-fed-is-wrong-about-how-low-interest-rates-will-go
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Tax deadline is pivotal for funding markets, Fed's balance sheet: The annual rush to pay Uncle Sam tends to suck hundreds of billions of dollars from the banking ...
accountingtoday.com/articles/tax-deadline-is-pivotal-for-funding-markets-feds-balance-sheet
People in Mississippi Can't Pay for Their Cars: Rising interest rates and economic strains have increased the number of auto loan delinquencies in Mississippi.
newsweek.com/mississippi-auto-loan-delinquencies-rise-federal-reserve-1889085
This Is Exactly What You Can Say To Negotiate Credit Card Rates: Credit card interest can be a deterrent from paying off your balance in a timely fashion ...
essence.com/news/money-career/credit-card-interest-negotiation/
Oil prices up over escalating Middle East tensions, strong demand indicators in China
yenisafak.com/en/news/oil-prices-up-over-escalating-middle-east-tensions-strong-demand-indicators-in-china-3681385
U.S. Dollar Edges Upward, Influenced by Interest Rate Speculations: As the sun rose on Thursday, the financial world watched closely as the U.S ...
riotimesonline.com/u-s-dollar-edges-upward-influenced-by-interest-rate-speculations/
Stock Market Today: S&P 500, Nasdaq Extend Losing Streaks: The two indexes have closed lower for five straight sessions.
kiplinger.com/investing/stocks/stock-market-today-sandp-500-nasdaq-extend-losing-streaks
Fed officials cast doubt on rate cuts, inflation path in 2024: Powell warned earlier this week that rate cuts could be delayed, with his colleagues echoing that ...
businessinsider.com/fed-rate-cuts-delay-powell-inflation-economy-money-monetary-policy-2024-4
Americans Say They Won't Start a New Job Unless It Pays Nearly $82,000: On average, the lowest salary job seekers are willing to accept for a new gig is $81,822 ...
money.com/new-job-salary-reservation-wage/
Binance.US Taps Former New York Fed Compliance Chief for Board Role: Martin Grant served with the New York Fed for over 30 years, including as its chief ...
coindesk.com/policy/2024/04/16/binanceus-taps-former-new-york-fed-compliance-chief-for-board-role/
Glacial inflation slowdown set to back Fed's caution to cut interest rates: The March core consumer price index, a measure of underlying inflation that excludes ...
business-standard.com/world-news/glacial-inflation-slowdown-set-to-back-fed-s-caution-to-cut-interest-rates-124040700033_1.html
Top central banks to lay groundwork for instant digital cross-border payments : TOKYO -- Seven central banks will join with private-sector lenders to test the ...
asia.nikkei.com/Business/Markets/Currencies/Top-central-banks-to-lay-groundwork-for-instant-digital-cross-border-payments
BIS, 7 major central banks to test new digital currency platform - The Mainichi: LONDON (Kyodo) -- The Bank for International Settlements, a group that promotes ...
mainichi.jp/english/articles/20240404/p2g/00m/0bu/033000c
The U.S. Debt Crossroads: The US is facing a critical financial challenge as its national debt surpasses $34 trillion, raising concerns across various economic ...
riotimesonline.com/the-u-s-debt-crossroads/
The Average Credit Score Just Dropped for the First Time Since 2009: The average credit score fell for the first time in over a decade in October ...
money.com/average-credit-score-drops-fico/
Swiss National Bank could consider rotating chairmanship, head of group says: The Swiss National Bank could consider a rotating chairmanship as it seeks a ...
reuters.com/business/finance/swiss-national-bank-should-conduct-broader-search-chairman-successor-report-2024-04-02/
US Faces Inflationary Risks From China Factory Boom, NY Fed Says: China’s effort to boost manufacturing and shore up the economy amid a real estate slump could ...
bloomberg.com/news/articles/2024-03-26/china-manufacturing-drive-risks-higher-us-inflation-ny-fed-says
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Application rates for auto loans hit the lowest levels ever, new data from the Federal Reserve Bank of New York released said ... Show more yhoo.it/3PzDZYm
Application rates for auto loans hit the lowest levels ever, new data from the Federal Reserve Bank of New York released said ... Show more finance.yahoo.com/news/more-americans-tried-mortgage-loans-170251861.html
U.N. Has Flown $2.9B in Cash to Afghanistan Since Taliban Seized Control: The U.S. State Department has previously said that no U.S. funds went to the militant ...
propublica.org/article/united-nations-cash-afghanistan-following-taliban-takeover
High-paying college majors where people typically earn six figures: One area of study accounts for nine of the 14 highest-paying college majors ...
businessinsider.com/high-paying-college-majors-six-figure-salary-tuition-engineering-jobs-2024-3
Paid articlePaid More Americans Doubt They’ll Get Approved for Auto, Home Loans: Americans increasingly doubt they’ll get approved for a loan to buy a car or refinance a mortgage ...
bloomberg.com/news/articles/2024-03-18/more-americans-doubt-they-ll-get-approved-for-auto-home-loans
Paid articlePaid Americans’ Outlook for Medium, Longer-Term US Inflation Climbs: US consumer expectations for inflation over the next three years climbed in February — and ...
bloomberg.com/news/articles/2024-03-11/americans-outlook-for-medium-longer-term-us-inflation-climbs
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.
Federal Reserve holds interest rates steady, projects three rate cuts later this year
npr.org/2024/03/20/1239535703/federal-reserve-interest-interest-rates-inflation-powell-fed
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.
New York Manufacturing Index Contracts by More Than Projected: New York state factory activity contracted in March by more than forecast as gauges of orders ...
bloomberg.com/news/articles/2024-03-15/new-york-manufacturing-index-contracts-by-more-than-projected
CNBC Daily Open: Stubborn inflation complicates rate-cut plan: Inflation in the U.S. isn't coming down fast enough as price pressures within the economy ...
cnbc.com/2024/03/26/cnbc-daily-open-stubborn-inflation-complicates-rate-cut-plan.html
Fed needs a recession to 'kill the zombie' economy, cut rates: strategist: The US economy is a "zombie" that needs a recession to make stocks appealing again ...
businessinsider.com/recession-outlook-fed-rate-cuts-forecast-stocks-buy-signal-rally-2024-3
Paid articlePaid Supply Chain Template: What Caused the US Inflation Shock: The steep climb in US import costs during the pandemic’s first two years and more was driven by a ...
bloomberg.com/news/newsletters/2024-03-05/supply-chain-template-what-caused-the-us-inflation-shock
FRIDAY, MARCH 8: Major U.S. Economic Reports & Fed Speakers:
- 7:00 am ET: New York Fed President John Williams speaks
- 8:30 am ET: U.S ... Show more
Dallas Fed President Lorie Logan Talks Balance Sheet in Bloomberg Interview: As Federal Reserve officials debate what to do with their massive asset portfolio ...
bloomberg.com/news/articles/2024-02-28/dallas-fed-president-lorie-logan-talks-balance-sheet-in-bloomberg-interview
Paid articlePaid Fed's Williams: Neutral rate is likely still low: Federal Reserve Bank of New York President John Williams said Friday that he suspects the "neutral" state of ...
reuters.com/markets/us/feds-williams-neutral-rate-is-likely-still-low-2024-03-08/
'There Will Be More Failures,' Powell Says In Warning For Regional Banks Over Commercial Real Estate Loan
benzinga.com/markets/equities/24/03/37565353/there-will-be-more-failures-powell-says-in-warning-for-regional-banks-over-commercial-real-estat
Fed’s Williams Repeats Rate Cuts Likely Coming Later This Year: Federal Reserve Bank of New York President John Williams said he doesn’t see a need for officials ...
bloomberg.com/news/articles/2024-03-01/fed-s-williams-repeats-rate-cuts-likely-coming-later-this-year
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Americans spent more than $1.1 trillion on interest payments alone last quarter: Higher interest rates, meant to fight inflation, are showing up in a big way
qz.com/credit-card-auto-loan-student-debt-interest-spending-up-1851309271
Paid articlePaid Brian Sack, Former Fed Official, Joins Hedge Fund Firm Balyasny
bloomberg.com/news/articles/2024-03-04/brian-sack-former-fed-official-joins-hedge-fund-firm-balyasny
High School Seniors Asking for Student Aid Drops: According to the National College Attainment Network, only 32 percent of the 2024 high school graduating class ...
newsweek.com/high-school-seniors-asking-student-aid-drops-1884778
Stock market news today: investors mull Fed rate path after PCE data: A fresh bout of volatility hit New York Community Bank, with the stock down 24% after it ...
markets.businessinsider.com/news/stocks/stock-market-news-today-fed-rate-cuts-inflation-pce-data-2024-3
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/
Americans’ Outlook for Medium, Longer-Term US Inflation Climbs: US consumer expectations for inflation over the next three years climbed in February — and ...
bloomberg.com/news/articles/2024-03-11/americans-outlook-for-medium-longer-term-us-inflation-climbs
Turned down for credit? Half of Americans were rejected for loans, survey finds: Half of Americans have turned down for a loan or financial product since Federal ...
miamiherald.com/news/business/personal-finance/article286296245.html
US bond giant PIMCO expects term premiums to rise again: U.S. Treasury term premiums, a measure of the compensation investors demand for holding long-term bonds ...
reut.rs/3uQWtN4
Recession outlook: Hard-landing rebuffs are 'dangerously' similar to 2007: Recession views feel dangerously similar to those prior to the 2008 crisis ...
businessinsider.com/recession-outlook-economy-hard-landing-jobs-market-growth-2024-3
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Why AI could boost the economy faster than past technologies: Generative AI could mean higher growth, rising incomes and less inflation.
axios.com/2024/03/04/ai-tech-economy-labor-market-growth
Inflation risks tilt higher, which could throw Fed's rate-cut hopes in disarray: Policy makers may be ‘backing themselves into a corner’ by sticking with ...
marketwatch.com/story/inflation-risks-appear-to-be-tilting-higher-threatening-to-throw-feds-rate-cut-hopes-into-disarray-5ffeeb23
Quick Glance: US February Inflation Data Aligns with Fed's Expectations, Powell States
- The latest U.S. inflation data aligns with what the Federal Reserve wants to see, according to Federal Reserve Chair Jerome Powell. The personal consumption expenditures (PCE) price index data released on Friday matched expectations and showed less of a slowdown than last year. However, Powell emphasized that the February report did not undermine the Fed's baseline outlook.
- Some details of the PCE data showed improvements in inflation aspects considered important by the Fed, even though the overall numbers showed little progress in the first two months of the year. Last week, the Fed kept its benchmark overnight interest rate steady at 5.25%-5.50% and narrowly confirmed the baseline projection of a 0.75 percentage point rate decrease by the end of this year.
- Powell has had to reconcile expectations for rate cuts with data indicating a slowdown, if not a halt, in the improvement of inflation numbers in recent weeks. He stated that recent high inflation does not alter the overall narrative of easing price pressures, but acknowledged that the recent data cannot be completely dismissed as a sign of slowed progress.
Vanguard CEO Buckley to retire by year-end, CIO Davis named president: U.S. asset management giant Vanguard Group said on Thursday Tim Buckley would retire as ...
reuters.com/markets/us/vanguard-ceo-buckley-retire-by-year-end-2024-02-29/
The Average Credit Score Just Dropped for the First Time Since 2009: The average credit score fell for the first time in over a decade in October ...
money.com/average-credit-score-drops-fico/
Rates will matter to markets again, soon: And more on the low-end consumer
ft.com/content/bb32572d-6a29-40f1-8bab-fe1c2ac9bf99
Paid articlePaid The Average Credit Score Just Dropped for the First Time Since 2009: The average credit score fell for the first time in over a decade in October ...
money.com/average-credit-score-drops-fico/
'One step closer' to recovering stolen funds: BB: The New York State Supreme Court's recent ruling in favor of the Bangladesh Bank has brought the country "one ...
thedailystar.net/business/economy/news/one-step-closer-recovering-stolen-funds-bb-3558841
Kiplinger's Economic Calendar for This Week (March 4-8): Check out our economic calendar for this week, as well as our previews and recaps of the more noteworthy ...
kiplinger.com/investing/economy/this-weeks-economic-calendar
BB Reserve Heist: NY court allows BB's case to proceed: The New York Supreme Court has allowed the case filed by Bangladesh Bank concerning the $81-million ...
thedailystar.net/news/bangladesh/news/bb-reserve-heist-ny-court-allows-bbs-case-proceed-3557441
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