member Bank of Federal Reserve
Richmond Fed’s Barkin Sees ‘Healthy But Not Overheated Demand’: ‘The policy path is pretty straightforward,’ he says.
bloomberg.com/news/articles/2024-04-19/richmond-fed-s-barkin-sees-healthy-but-not-overheated-demand
The market rally is at its most fragile point in months. The S&P 500 ended Friday below 5,000, its first close below that mark since late February. Meanwhile ... Show more
Fed's favorite inflation gauge and Big Tech earnings greet a slumping stock market: What to know this week
Fed's favorite inflation gauge and Big Tech earnings greet a slumping stock market: What to know this week
US growth may be a global boon, but inflation could derail the train: U.S. economic growth that keeps motoring above its potential is emerging as a key prop for ...
reuters.com/markets/us/us-growth-may-be-global-boon-inflation-could-derail-train-2024-04-15/
Morning bid: Red hot retail readout drives US economy and dollar: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-16/
Explainer: Charting the Fed's economic data flow: The U.S. Federal Reserve held its benchmark overnight interest rate steady in the 5.25%-5 ...
reuters.com/markets/us/charting-feds-economic-data-flow-2024-04-05/
Stock market news: Stocks rise as investors turn to earnings season: US stocks rebounded Thursday, moving past inflation fears that triggered a sell-off in ...
markets.businessinsider.com/news/stocks/stock-market-news-today-earnings-tech-banks-cpi-inflation-ppi-2024-4
Morning Bid: Markets reel on Fed cut doubts, ECB up next: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-11/
Morning Bid: CPI vigil, Canada decides, China credit warning: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-10/
New middle school in Chesterfield narrowed down to three names: The potential names for Chesterfield's 13th middle school have been narrowed down to three: ...
richmond.com/news/local/education/chesterfield-middle-school-name-finalists-otterdale/article_930744ae-f744-11ee-896a-b3c3e618d12f.html
Inflation Data Wobbles, Clouding Fed Rate Cut Outlook: Lower interest rates are still a possibility, but Fed governors are divided as economic data muddles a ...
inc.com/reuters/inflation-data-wobbles-clouding-fed-rate-cut-outlook.html
Rising interest rates speculation trims global stock market trading : Asian stock markets recorded mixed trading on Wednesday as the Federal Reserve boss ...
punchng.com/rising-interest-rates-speculation-trims-global-stock-market-trading/
Fed Speeches: Latest on Remarks From Harker, Barkin, Kashkari, Others: Federal Reserve Bank of Cleveland President Loretta Mester suggested the central bank ...
bloomberg.com/news/articles/2024-04-04/fed-latest-philadelphia-s-harker-says-inflation-still-too-high
Paid articlePaid
FRIDAY, APRIL 5: U.S. Economic Reports & Fed Speakers:
- 8:30 am ET: U.S. nonfarm payrolls
- 8:30 am ET: U.S. unemployment rate- 8:30 am ET: U.S ... Show more
Fed's Barkin: "That's a quite strong jobs report": Richmond Federal Reserve Bank President Thomas Barkin on Friday said the unexpected surge in employment in ...
reuters.com/markets/rates-bonds/feds-barkin-thats-quite-strong-jobs-report-2024-04-05/
Futures tread higher as recent data bolsters rate cut hopes: The three major U.S. stock indexes fell more than 1% each and the S&P 500 had its biggest daily ...
reuters.com/markets/us/futures-drift-higher-recent-data-bolsters-rate-cut-hopes-2024-04-04/
Quick Glance: Market Rises Despite Weak Services Data and Fed Comments
- The S&P 500 and Nasdaq rose despite a slowdown in US services industry growth in March.
- Powell emphasized the Fed's cautious approach to interest rate cuts given the strength of the US economy.
- The data indicated moderate growth in the US economy, with the market reacting to a delay in rate cuts.
- Several companies experienced stock declines, including Intel and Ulta Beauty, as market sentiment was influenced by the Federal Reserve.
Exclusive: Fed's Barkin: Confidence to cut rates requires breadth of inflation to narrow
reuters.com/markets/us/feds-barkin-confidence-cut-rates-requires-breadth-inflation-narrow-2024-04-04/
Warehouse the size of 24 football fields coming to this Richmond-area interchange
richmond.com/news/state-regional/business/virginia-new-kent-county-warehouse-i-64-development/article_436c9920-e7af-11ee-98cc-bb7d616bbba2.html
Fed's new neutral may be one FOMC takeaway: Mike Dolan: Next week's Federal Reserve meeting has lost the heat it once had as a likely moment for the central ...
reuters.com/markets/feds-new-neutral-may-be-one-fomc-takeaway-mike-dolan-2024-03-15/
Chesterfield student wins 50th annual Times-Dispatch spelling bee: Walker Wilson, an eight-grader at Salem Church Middle School, outlasted 22 other Central ...
richmond.com/news/local/education/times-dispatch-spelling-bee-walker-wilson/article_1d7daaf6-dbfc-11ee-bed1-3fd675f98d57.html
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/
Fed’s Barkin Says Inflation Data Show Persistent Price Pressures: Federal Reserve Bank of Richmond President Thomas Barkin said recent economic data highlighted ...
trib.al/LikqX1c
Ex Richmond mail carrier pleads guilty to stealing checks, gift cards worth up to $40K
richmond.com/news/local/crime-courts/richmond-mail-theft-carrier-pleads-guilty-wendy-lawrence/article_4c55c786-da36-11ee-893e-933ec78130a9.html
Nasdaq, S&P 500 Futures Trade In Red: What's Going On - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&
benzinga.com/news/earnings/24/03/37416404/us-stocks-poised-for-consolidation-ahead-of-fed-speech-deluge-while-bitcoin-pulls-back-from-63k-lev
Why US housing inflation relief may be short-lived: U.S. Federal Reserve officials say they are confident housing inflation will finally cool in coming months ...
reuters.com/world/us/supply-still-matters-why-us-housing-inflation-relief-may-be-short-lived-2024-02-28/
"And at 2.4%, you know, we should be cheering that, not criticizing it."
Fed’s Barkin Says Central Bank Has Time to Be Patient on Interest-Rate Cuts: Federal Reserve Bank of Richmond President Thomas Barkin reiterated policymakers ...
bloomberg.com/news/articles/2024-02-08/barkin-says-fed-has-time-to-be-patient-on-cutting-interest-rates
Paid articlePaid Fed worried about cutting rates too soon, minutes of January meeting show: The bulk of policymakers at the Federal Reserve's last meeting were concerned about ...
reuters.com/markets/us/fed-concerned-about-cutting-rates-too-soon-minutes-january-meeting-show-2024-02-21/
'You can slave my mind but not my soul:' New exhibits at Black History Museum: Two new exhibitions at the Black History Museum and Cultural Center illustrate the ...
richmond.com/life-entertainment/local/art-theater/you-can-slave-my-mind-but-not-my-soul-new-exhibits-at-black-history-museum/article_d5a81d90-cbfe-11ee-be16-5316dada62f3.html
Investors resign themselves to less aggressive rate cuts in the United States: The Federal Reserve is expected to maintain the price of money at 5.25%-5 ...
english.elpais.com/economy-and-business/2024-03-19/investors-resign-themselves-to-less-aggressive-rate-cuts-in-the-united-states.html
Why Wait on Rate Cuts? Post-Covid Economic Changes Warrant Caution, Barkin Says.
barrons.com/articles/fed-rate-cuts-barkin-244f2243
Paid articlePaid Fed’s Thomas Barkin Says It's Too Early to Declare Victory on Inflation: Federal Reserve Bank of Richmond President Thomas Barkin said there is a risk that ...
bloomberg.com/news/articles/2024-02-12/fed-s-barkin-warns-businesses-may-be-slow-to-give-up-price-power
Editorial: The housing crisis is about more than rising prices. It’s killing the American dream
richmond.com/opinion/editorial/editorial-the-housing-crisis-is-about-more-than-rising-prices-it-s-killing-the-american/article_e59f9206-ccf2-11ee-95ba-5b7a80edf359.html
Hanover buying learning cottages for Cool Spring Elementary: Class sizes have become so large at the school that some students are having music class in a ...
richmond.com/news/local/education/hanover-schools-enrollment-learning-cottages-trailer-redistricting-class-size/article_b5ce81bc-e17f-11ee-924d-eb99b7d88d01.html
Weekend wet spell, then a good chance to dry out: After a quick cool down, the warmer weather returns.
richmond.com/news/local/weather/richmond-weather-vawx-warm-weekend-mar0724/article_8dc73288-dccd-11ee-a1a4-afe93f042e64.html
After 6 years, the Chesterfield police chief is retiring. Here's where he's going.
richmond.com/news/local/crime-courts/after-6-years-the-chesterfield-police-chief-is-retiring-heres-where-hes-going/article_0c834dfa-dc38-11ee-93ae-ffbaa666b769.html
China stocks in Hong Kong fall as Asia shuts for holidays: markets wrap: Chinese equities in Hong Kong slumped for a third straight day amid public holidays in ...
dailymaverick.co.za/article/2024-02-09-china-stocks-in-hong-kong-fall-as-asia-shuts-for-holidays-markets-wrap/
A soft landing seems likely. But Americans will still have to deal with unaffordable housing
cnn.com/2024/02/04/business/stocks-week-ahead-unaffordable-housing/
Paid articlePaid Elizabeth Warren rips Fed for fueling affordability crisis in housing, calls for rate cuts
cnn.com/2024/01/29/business/elizabeth-warren-fed-powell-housing/
Fed's inflation puzzle still missing a piece or two: U.S. Federal Reserve officials suspected the fight to lower inflation would be difficult and have been ...
reuters.com/markets/us/feds-inflation-puzzle-still-missing-piece-or-two-2024-01-22/
Companies’ reluctance to roll back price rises poses US inflation risk: Economic officials concerned hefty supply costs are keeping retail goods unaffordable
ft.com/content/5876932e-ddf6-468e-b652-1f05edcb89bb
A new reading on inflation offers another challenge to investor expectations of a Federal Reserve rate cut in March.
The numbers could complicate the task ... Show more
yhoo.it/3HfkSOQ
yhoo.it/3HfkSOQ
Quick Glance: Inflation and Your Money: What You Need to Know
- Inflation continues to slow, straining US households since early 2021.
- Estimate: Annual inflation rate to rise from 3.1% to 3.2% in December.
- Consumer price index well above the Federal Reserve’s 2% goal.
- Income and purchasing power have kept pace with inflation, according to Mark Zandi, chief economist of Moody’s Analytics.
Rate cut outlook: Fed not cutting anytime soon, Macquarie says: "The Fed has first to move to a neutral policy bias, then to an easing bias ...
businessinsider.com/rate-cut-outlook-fed-not-cutting-anytime-soon-macquarie-says-2024-1
Quick Glance: Fed Officials Forecast Rate Cuts in 2024
- In December, Fed officials concluded that rate cuts are likely in 2024, but timing remains uncertain.
- The Federal Open Market Committee decided to maintain the benchmark rate in the range of 5.25% to 5.5%.
- Members anticipate three quarter-point rate cuts by the end of 2024.
- Expectations from members indicate cuts over the next three years to bring the overnight borrowing rate close to the long-term range of 2%.
Fed officials say December CPI did not budge view of inflation: U.S. Federal Reserve officials took little fresh signal from consumer price data published on ...
reuters.com/markets/us/fed-officials-say-december-cpi-did-little-clarify-path-inflation-2024-01-11/
Fed's Barkin: Strong US jobs report keeps focus on inflation fight: Continued strong U.S. job growth and a low unemployment rate shows the Federal Reserve is not ...
reuters.com/markets/us/feds-barkin-strong-us-jobs-report-keeps-focus-inflation-fight-2024-01-05/
Quick Glance: Steelers Beat Ravens, Keep Playoff Hopes Alive
- Mason Rudolph connects with Diontae Johnson for a 71-yard touchdown.
- Steelers beat Ravens 17-10, inching closer to playoffs.
- Rudolph completes 18 of 20 passes for 152 yards, Harris racks up 112 yards and a touchdown.
- T.J. Watt leaves game with knee injury after recording two sacks.
A key indicator says the Fed is still poised to cut rates in March: The Taylor Rule framework indicates that the fed funds rate should be at 4.5% by now ...
markets.businessinsider.com/news/stocks/fed-rate-cuts-taylor-rule-interest-rates-march-inflation-economy-2024-1
Richmond Fed President Thomas Barkin said the central bank should lower interest rates as the economy normalizes and confidence grows about the downward path ... Show more
Oil jumps as US, UK strike Houthis in Yemen, shares subdued
reuters.com/markets/global-markets-wrapup-1-2024-01-12/
Treasuries Post First Gain Since 2020 as Fed Pivot Gets Traction: The US Treasury market posted its first annual gain since 2020 as slowing growth and inflation ...
bloomberg.com/news/articles/2023-12-31/treasuries-post-first-gain-since-2020-as-fed-pivot-gets-traction
Paid articlePaid Fed Would Cut Rates If Inflation Keeps Falling, Thomas Barkin Says: Federal Reserve Bank of Richmond President Thomas Barkin suggested the US central bank would ...
bloomberg.com/news/articles/2023-12-19/barkin-suggests-fed-would-cut-rates-if-inflation-keeps-falling
Morning Bid: Sobering start for 2024 markets: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-pix-2024-01-03/
The Federal Reserve's period of rate hikes may be over. Here's why consumers are still reeling
cnbc.com/2023/12/13/the-federal-reserve-held-rates-steady-heres-what-that-means-for-you.html
Fed’s Barkin Says Central Bank Should Leave Door Open to Hikes: Federal Reserve Bank of Richmond President Thomas Barkin argued the central bank should keep the ...
bloomberg.com/news/articles/2023-11-29/fed-s-barkin-says-central-bank-should-leave-door-open-to-hikes
Paid articlePaidQuick Glance: Conditions for Fed Interest Rate Cuts in 2024
- Interest rate cuts do not occur during times of economic stability, which is important for markets anticipating Federal Reserve easing next year.
- A compelling justification will be needed to start easing, and even then, interest rate decreases are likely to occur slowly - unless an unforeseen event occurs and the Fed is forced into more aggressive action.
- "The market constantly tries to anticipate these interest rate cuts, only to end up disappointed," said Kathy Jones, chief fixed income strategist at Charles Schwab.
- "In a different cycle, when inflation had not risen so sharply, I think the Fed would have already reduced interest rates."
Luke Littler helps darts match Premier League TV ratings: Peak audience of 2.32 million watched 16-year-old’s PDC World Darts Championship semi-final on Sky ...
thetimes.co.uk/article/luke-littler-helps-darts-match-premier-league-tv-ratings-80bbmbnhd
Paid articlePaid Fed's favorite gauge shows inflation rose 0.2% in October and 3.5% from a year ago, as expected
cnbc.com/2023/11/30/pce-inflation-report-october-2023-.html
Europe shakes off the New Year blues: Gains in Europe and data from China helped equity markets shake off their New Year blues on Thursday as the latest signals ...
reuters.com/markets/global-markets-wrapup-1-2024-01-04/
US and Europe heading towards the coveted ‘soft landing’ with resilient economies
english.elpais.com/economy-and-business/2024-01-06/us-and-europe-heading-towards-the-coveted-soft-landing-with-resilient-economies.html
The Week On Wall Street: Turn The Page: Investors pessimistic entering 2023, but January shows potential for counter-trend situations ...
seekingalpha.com/article/4661437-week-on-wall-street-turn-page
Paid articlePaid Gold hits over 2-week peak on softer dollar, Fed minutes in spotlight: Gold prices rose to an over two-week high on Tuesday, as the U.S. dollar dipped on ...
reuters.com/markets/commodities/gold-rises-dollar-weakness-focus-turns-fed-minutes-2023-11-21/
Fed minutes likely to anchor 'careful' monetary policy approach: Federal Reserve Chair Jerome Powell made liberal use of the word "careful" at his last press ...
reuters.com/markets/us/fed-minutes-likely-anchor-careful-approach-policy-2023-11-21/
Fed could cut interest rates soon. Central bankers share 2024 outlook.: Fed Chairman Jerome Powell and other central bankers have recently dampened hopes for ...
businessinsider.com/fed-rate-cuts-outlook-economy-slowdown-jerome-powell-inflation-forecasts-2023-12
Quick Glance: Record High: S&P 500 Soars in 2023
- Since the significant increase in long-term US Treasury yields at the end of October 2023, stock prices have risen as the prospects for economic growth in the US economy show signs of slowing.
- In addition to further data indicating a slowdown in demand-driven inflation, the prospect of interest rate cuts in 2024 has increased.
- Investors anticipate that from March 20 (2024-Q1), economic conditions will deteriorate, leading the Fed to initiate a series of quarter-point interest rate cuts at six-to-twelve-week intervals through the end of 2024.
- According to a study by the St. Louis Fed, it will take the Fed four years to recoup income losses.
Federal Reserve Chair Jay Powell said Thursday that monetary policy is in "restrictive territory" and putting downward pressure on inflation ... Show more
yhoo.it/3uhRbcw
yhoo.it/3uhRbcw
Quick Glance: Powell's Pushback Impacts Market Reaction
- Federal Reserve Chairman Jerome Powell holds a press conference in Washington
- Market reacts to Powell's resistance against early rate cuts
- Minimal change in market pricing after Powell's precautionary measure
- 30-year auction closes with higher yield than expected, signaling investor concerns
Stock market today: Wall Street quietly advances in thin holiday trading: Wall Street inched modestly higher in holiday-thinned trading Tuesday ...
ctvnews.ca/business/stock-market-today-wall-street-quietly-advances-in-thin-holiday-trading-1.6701235
Federal Reserve Seeks Anecdotes Over Economic Data for Uncertain Outlook: Federal Reserve Bank of Richmond President Thomas Barkin asked for a show of hands: How ...
bloomberg.com/news/articles/2023-11-20/federal-reserve-seeks-anecdotes-over-economic-data-for-uncertain-outlook
A Permabear Sees A Rally, Angst And Euphoria In 2024: S&P 500 should set multiple new all-time highs in the next 18 months, but the biggest winners might be in ...
seekingalpha.com/article/4659056-a-permabear-sees-a-rally-angst-and-euphoria-in-2024
Paid articlePaid Americans’ attitudes about the economy worsened for the fourth straight month: Americans are becoming gloomier about the economy with interest rates at a 22-year ...
cnn.com/2023/11/10/economy/consumer-sentiment-november-preliminary/
Fed Officials Say Full Impact of Past Rate Hikes Is Yet to Come: Two Federal Reserve officials said the US economy still hasn’t felt the full effect of past ...
bloomberg.com/news/articles/2023-11-09/fed-s-bostic-says-policy-is-likely-sufficiently-restrictive
Stock Markets Today: Apple Watch, UBS, Morgan Stanley, Bank of Japan: Good morning. Apple is looking at workarounds for its smartwatches should a Christmas day ...
bloomberg.com/news/newsletters/2023-12-19/stock-markets-today-apple-watch-ubs-morgan-stanley-bank-of-japan
Fed's favorite gauge shows inflation rose 0.2% in October and 3.5% from a year ago, as expected
cnbc.com/2023/11/30/pce-inflation-report-october-2023-.html
Bad news for the economy is good news for the stock market ... as long as it doesn't get too bad
cnbc.com/2023/11/03/bad-news-for-the-economy-is-good-news-for-the-stock-market-as-long-as-it-doesnt-get-too-bad.html
Quick Glance: Fed rate hikes possibly concluded as labor market further cools
- Slowing U.S. job growth and cooling wage pressures might provide Federal Reserve policymakers with renewed confidence that the U.S. economy is adapting to the impact of the coronavirus pandemic, allowing inflation to ease without requiring additional interest rate increases.
- Bond yields declined, and traders of contracts linked to the Fed's policy rate now perceive only a 12% probability of a rate hike by January, down from 30% prior to the release of the employment report.
- The reports on inflation in the upcoming months will be crucial, he stated.
- Despite the relaxation of financial conditions, the Fed will depend on economic data to determine its course of action, "and the data indicate that we are finished with rate hikes."
S&P 500, Nasdaq snap winning streaks after Powell, Treasury auction: U.S. stocks closed lower on Thursday, snapping the longest winning streaks for the Nasdaq ...
reuters.com/markets/us/futures-listless-markets-await-more-policy-cues-2023-11-09/
Fed’s Barkin Says US Inflation Isn’t on Smooth Glide Path to 2%: Federal Reserve Bank of Richmond President Thomas Barkin said he’s not convinced inflation is on ...
bloomberg.com/news/articles/2023-11-14/fed-s-barkin-says-us-inflation-isn-t-on-smooth-glide-path-to-2
S&P 500, Nasdaq 100 Snap Longest Winning Streak In 2 Years As Fed's Powell Chills Markets - SPDR Dow Jone
benzinga.com/markets/equities/23/11/35715608/s-p-500-nasdaq-100-snap-longest-winning-streak-in-two-years-as-feds-powell-chills-markets
Commentary: South Side needs equitable economic investment, not a predatory casino
richmond.com/opinion/columnists/richmond-grand-resort-and-casino/article_7e5857a8-7a5f-11ee-8896-a76718310183.html
Powell Brushes Off Rate-Cut Bets as Fed Moves Carefully: Federal Reserve Chair Jerome Powell pushed back against Wall Street’s growing expectations of ...
dailymaverick.co.za/article/2023-12-01-powell-brushes-off-rate-cut-bets-as-fed-moves-carefully/
Weekly Commentary: Rule Of Thumb: Market expectations for the Fed funds rate at the January 2025 meeting collapsed 52 bps this week to 3 ...
seekingalpha.com/article/4655750-weekly-commentary-rule-of-thumb
Paid articlePaid Five Things You Need to Know to Start Your Day: Good morning. The US IPO market could see a flurry of activity in the new year, central bankers debate risks and ...
bloomberg.com/news/newsletters/2023-11-28/five-things-you-need-to-know-to-start-your-day
US stocks and bonds jump after inflation falls to 3.2% : Annual rise in consumer price index slows more than economists had forecast
ft.com/content/7928101a-262f-475c-ac32-ac962f8925fb
Paid articlePaidQuick Glance: Surprising Drop in US Producer Prices in October
- Last month saw the largest decrease in the producer price index for final demand since April 2020 at 0.5%.
- The PPI increased by 1.3% in the 12 months through October, following a 2.2% rise in September.
- Goods prices experienced a 1.4% decline in October, with a 15.3% decrease in gasoline prices being responsible for over 80% of the drop.
- Food prices fell by 0.2%, while prices for light motor trucks decreased.
No more 'fiscal Candy Land' for Virginia's state budget: The Virginia Senate and House of Delegates don't agree on much, but they're on the same page about the ...
richmond.com/news/state-regional/government-politics/no-more-fiscal-candy-land-for-virginias-state-budget/article_0f4127d8-84ae-11ee-a3b7-ffafa028caa0.html
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