Jobs blowout: What the employment report means for Biden and Powell :
politico.com/news/2023/02/03/employment-report-biden-powell-00081067
Quick Glance: Explainer: The Fed welcomes disinflation. What exactly is that?
- WASHINGTON, 2 February (Reuters) - Financial markets seized on what US Federal Reserve Chair Jerome Powell called "most welcome" disinflation this week, betting it signals the end of the central bank's war on high inflation.
- Global central banks typically aim for 2% annual inflation (the Fed formally adopted a 2% target in 2012).
- The Fed's preferred measure of inflation, the personal consumption expenditures (PCE) price index, is currently running at around 5%.
- Disinflation is defined as a decrease in the rate of inflation.
Story Details
| Last Updated | Feb 03 23 |
| Total Articles | 14 |
News on this topic
Jerome Powell and the Fed have been on an aggressive mission to rein in prices — and reestablish their credibility as managers of the US economy ... Show more https://www.businessinsider.com/recession-stock-market-interest-rates-federal-reserve-jerome-powell-legacy-2023-1?utm_source=facebook&utm_medium=social&utm_campaign=business-data-graphic
ECB, BOE Will Soon Dance to the Music of the Fed: Traders and investors are right to ignore the hawkish rhetoric from European policymakers.
bloomberg.com/opinion/articles/2023-02-03/ecb-boe-will-soon-dance-to-the-music-of-the-fed
Fed seen hiking policy rate above 5% as job gains surge: The U.S. Federal Reserve is likely to need to lift the benchmark rate above 5% and keep it there to ...
reuters.com/markets/us/fed-seen-more-likely-lift-rates-above-5-after-strong-jobs-report-2023-02-03/
More articles on this subject
Previous
Jobs blowout: What the employment report means for Biden and Powell : President Joe Biden and the White House can celebrate the report as evidence the economy is ...
politico.com/news/2023/02/03/employment-report-biden-powell-00081067
ECB, BOE Will Soon Dance to the Music of the Fed: Traders and investors are right to ignore the hawkish rhetoric from European policymakers.
bloomberg.com/opinion/articles/2023-02-03/ecb-boe-will-soon-dance-to-the-music-of-the-fed
Fed seen hiking policy rate above 5% as job gains surge: The U.S. Federal Reserve is likely to need to lift the benchmark rate above 5% and keep it there to ...
reuters.com/markets/us/fed-seen-more-likely-lift-rates-above-5-after-strong-jobs-report-2023-02-03/
Asian equities jump on Fed hints: Asian stock markets broadly advanced on Thursday as currencies rose following Federal Reserve chairman Jerome Powell mention ...
bangkokpost.com/business/2497651/asian-equities-jump-on-fed-hints
Explainer: The Fed says disinflation is welcome. What is that, exactly?: Financial markets this week latched on to what U.S. Federal Reserve Chair Jerome Powell ...
reuters.com/markets/us/fed-says-disinflation-is-welcome-what-is-that-exactly-2023-02-02/
US jobs growth expected to have slowed further in January: Economists predict gain of 190,000 as economy feels effect of higher interest rates
ft.com/content/c87e1805-c291-4a9f-a43a-f0f187ec9860
Paid articlePaid
Fed and ECB diverge as Lagarde tackles ‘alive and kicking’ inflation: European Central Bank president points to several reasons why price pressures will take ...
ft.com/content/6319f504-d468-4c06-a127-536a00c1b41f
Paid articlePaid Powell Signals High Rates for Longer Due to Persistent Inflation: Federal Reserve Chair Jerome Powell said recent inflation data have indicated it will likely ...
bloomberg.com/news/articles/2024-04-16/powell-signals-high-rates-for-longer-due-to-persistent-inflation
Paid articlePaidQuick 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
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 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
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
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
Could interest rate hikes be keeping inflation high?: The stickiness of the post-pandemic inflation is raising questions about how effective high interest rates ...
thehill.com/business/4612114-could-interest-rate-hikes-be-keeping-inflation-high/
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
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
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/
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 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 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
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
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/
Why beating inflation is turning out to be as hard as losing weight: Annual inflation proved to be hotter than expected last month, staying stubbornly above 3% ...
npr.org/2024/04/10/1243833081/inflation-consumer-prices-gas-groceries-rent-insurance-economy
Ben Bernanke says BoE must revamp main economic model: Nobel laureate cites ‘significant shortcomings’ and calls for end of fan charts
ft.com/content/4433c035-fa80-49ad-a3dd-a3af2c509e0c
Quick 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.
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
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
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: Don't expect rate cut: On Wednesday, Federal Reserve Chair Jerome Powell firmly shut the door on rate cuts, citing lack of confidence in progress on ...
freep.com/story/money/business/2024/04/20/fed-dont-expect-a-rate-cut/73353083007/
Inflation’s Last Mile Will Test Jerome Powell and the Federal Reserve: Slower disinflation and approaching elections are a dangerous combination.
bloomberg.com/opinion/articles/2024-04-23/inflation-s-last-mile-will-test-jerome-powell-and-the-federal-reserve
Paid articlePaid
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
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
Powell's 'restrictive' emphasis maximizes Fed flexibility: Central bankers choose their words carefully, so recent comments from the Federal Reserve's two most ...
reuters.com/markets/us/powells-restrictive-emphasis-maximizes-fed-flexibility-mcgeever-2024-04-19/
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.
Why gold prices are at record highs: From central banks to Costco customers, it seems everyone is buying gold these days.
cnn.com/2024/04/09/economy/gold-prices-record-highs/
March US Inflation Report Sends Stocks, Bonds Reeling: Signs that inflation has yet to release its grip on markets have simmered for weeks ...
bloomberg.com/news/articles/2024-04-10/powell-s-soft-landing-dream-in-danger-as-traders-hedge-inflation
Paid articlePaid Wall Street pushes out rate-cut expectations, sees risk they don't start until March 2025
cnbc.com/2024/04/17/wall-street-pushes-out-rate-cut-expectations-sees-risk-of-no-action-until-2025.html
Joe Biden Gets Bad News Right Before Speech: The Fed chair Jerome Powell suggested that borrowing costs may stay higher for longer.
newsweek.com/joe-biden-bad-news-before-speech-1891024
'They can't get it wrong again': Economists are increasingly uncertain about Fed rate cuts this year
cnbc.com/2024/04/08/they-cant-get-it-wrong-again-will-the-fed-cut-rates-this-year.html
Rupee set to open higher as US yields fall before inflation data: The Indian rupee is poised to open higher on Wednesday helped by the dip in U.S ...
reuters.com/markets/currencies/rupee-set-open-higher-us-yields-fall-before-inflation-data-2024-04-10/
Why Joe Biden Really, Really Wants Lower Interest Rates: If Jerome Powell would lower interest rates — and therefore make housing and much of everything else ...
nymag.com/intelligencer/article/why-joe-biden-really-really-wants-lower-interest-rates.html
US economy: America's inflation is proving tough: At 3.8 percent, inflation in the United States is higher than many expected. The markets are dismayed.
faz.net/aktuell/wirtschaft/mehr-wirtschaft/usa-inflation-will-nicht-verschwinden-und-gefaehrdet-geplante-leitzinssenkung-19644436.html
BlackRock CEO Larry Fink is skeptical of the Fed's 2% inflation target: The BlackRock CEO says interest rates are still coming, but that the central bank’s ...
qz.com/blackrock-larry-fink-fed-rate-cuts-1851406856
Commodity prices are rising and that means everything else might more expensive, too
qz.com/commodity-prices-going-up-inflation-1851397072
Larry Summers Says There's Still A 'Real Possibility' Of A Fed Move Higher: 'Would Be An Inappropriate Ac
benzinga.com/news/24/04/38134013/larry-summers-says-theres-still-a-real-possibility-of-a-fed-move-higher-would-be-an-inappropriate-ac
Powell's 'Restrictive' Approach Lets Fed Stay Flexible: Words matter when Fed Chair Jerome Powell makes announcements, and the central bank is very carefully ...
inc.com/reuters/powells-restrictive-approach-lets-fed-stay-flexible.html
Mortgage rates are rising again as inflation fears mount: The average rate on the 30-year fixed mortgage hit a 2024 high this week
qz.com/mortgage-rates-inflation-interest-federal-reserve-1851421885
Four hurdles for bank buyers to clear: As recently as a few months ago, many observers predicted a surge of bank mergers this year. But longtime obstacles to ...
americanbanker.com/list/four-hurdles-for-bank-buyers-to-clear
Hoisington Investment Management Q1 2024 Review And Outlook: The dynamics of fiscal and monetary policy are now entering a new phase. What has NNS ...
seekingalpha.com/article/4684969-hoisington-investment-management-q1-2024-review-and-outlook
Asian shares mixed as Fed's Powell rethinks rate cuts, yields jump - Markets - The Jakarta Post
thejakartapost.com/business/2024/04/17/asian-shares-mixed-as-feds-powell-rethinks-rate-cuts-yields-jump.html
Mortgage rates are rising again as inflation fears mount: The average rate on the 30-year fixed mortgage hit a 2024 high this week
qz.com/mortgage-rates-inflation-interest-federal-reserve-1851421885
US Economy Has 'Expanded Slightly' Since Late February, Fed Beige Book Says
bloomberg.com/news/articles/2024-04-17/us-economy-expands-slightly-inflation-modest-fed-beige-book
High Inflation: The Reality Check on the Stock Exchanges: The mood on the stock markets has changed: many people had dismissed inflation too early ...
wiwo.de/politik/konjunktur/editorial-inflation-zeit-des-erwachens/29761904.html
The radical repricing of US interest rates: Financial markets and the Fed are searching for a convincing economic story
ft.com/content/5f544dda-3059-47fc-b664-5434b8f7f42f
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
SPY: Resurgent Inflation, Soaring Yields, Geopolitical Turmoil - 1970s All Over Again?
seekingalpha.com/article/4684300-spy-resurgent-inflation-soaring-yields-geopolitical-turmoil-1970s-all-over-again
Paid articlePaid
Volatility uncorked as U.S. solo surge unleashes dollar: An almost eerie period of low financial market volatility appears to be ending
theglobeandmail.com/investing/article-volatility-uncorked-as-us-solo-surge-unleashes-dollar/
Global Central Banks Constrained by Steady U.S. Interest Rates: Jerome Powell, Chairman of the U.S. Federal Reserve, recently announced that U.S ...
riotimesonline.com/global-central-banks-constrained-by-steady-u-s-interest-rates/
Wall Street Breakfast: Is It Transitory?: This article discusses Fed Chair Jay Powell rethinking rate cuts, major banks' earnings reports, the U.S ...
seekingalpha.com/article/4684201-wall-street-breakfast-is-transitory
Most of Wall Street slips as rate cut hopes dim: NEW YORK — Most U.S. stocks slipped April 16 and Treasury yields rose on expectations that interest rates may ...
postandcourier.com/most-of-wall-street-slips-as-rate-cut-hopes-dim/article_4a93ee0a-fc3c-11ee-9863-ab16b2e711c6.html
The Dow is hesitating as the Fed announces it may delay rate cuts due to inflation
qz.com/dow-jones-rate-cuts-inflation-federal-reserve-1851414249
Fed Needs to Pivot Away From Excessive Data Dependence: Policymakers must acknowledge that we are operating in a more supply-constrained world to avoid ...
bloomberg.com/opinion/articles/2024-04-10/fed-needs-to-pivot-away-from-excessive-data-dependence
Paid articlePaid
Economist who predicted no 2024 rate cuts blames Fed for inflation resurgence: Trillions of dollars in newly created household wealth has kept inflation elevated ...
marketwatch.com/story/economist-who-predicted-no-2024-interest-rate-cuts-blames-fed-for-inflation-resurgence-52debc35
Mohamed El-Erian Says 'Overly Data Dependent' Federal Reserve Has 'Turned Into A Play-By-Play Commentator
benzinga.com/analyst-ratings/analyst-color/24/04/38110452/mohamed-el-erian-says-overly-data-dependent-federal-reserve-has-turned-into-a-play-
Stock-market rally faces key test: Will hot inflation data kill rate-cut hopes?: Can the stock market rally continue if rate cuts no longer appear imminent? ...
marketwatch.com/story/stock-market-rally-faces-key-test-will-hot-inflation-data-kill-rate-cut-hopes-5438f33a
Next
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics