Interest rates going up, inflation slowing: Still 'risk of recession': Yellen:
businessinsider.com/interest-rates-going-up-recession-outlook-risk-inflation-yellen-2023-1
Story Details
| Last Updated | Jan 30 23 |
| Total Articles | 2 |
More articles on this subject
Previous
Yellen Says US Can Bring Inflation Down Without Hurting Jobs: Treasury Secretary Janet Yellen said US inflation can come down without requiring a weakening in ...
bloomberg.com/news/articles/2024-04-25/yellen-says-us-can-bring-inflation-down-without-hurting-jobs
Paid articlePaid
Jay Powell says US inflation ‘taking longer than expected’ to hit target: Comments from Federal Reserve chair come amid mounting doubts about pace of interest ...
ft.com/content/3d0ddbe1-4637-4262-ba40-934015606166
Quick 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.
The 3.5 Percent Inflation Plateau: Prices have been rising faster than expected for the past three months. What’s going on?
theatlantic.com/ideas/archive/2024/04/inflation-above-fed-target/678174/
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
Reuters NEXT Newsmaker with Janet Yellen, US Secretary of the Treasury, to discuss the crisis in the Middle East, lingering inflation pressures and the state ...
reut.rs/4b9JlCc
GDP growth slowed to a 1.6% rate in the first quarter, well below expectations: Real GDP was expected to increase 2.4% in the first quarter on a seasonally ...
cnbc.com/2024/04/25/gdp-q1-2024-increased-at-a-1point6percent-rate.html
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/
Oil prices on track to snap two-week losing streak: Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top U ...
reuters.com/markets/commodities/oil-prices-rise-us-official-eases-market-concerns-over-economic-headwinds-2024-04-26/
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/
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
IMF Steps Up Its Warning to US Over Ballooning Debt
bloomberg.com/news/articles/2024-04-16/imf-steps-up-its-warning-to-us-over-ballooning-debt
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
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.
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/
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
Five Things You Need to Know to Start Your Day: Asia: Good morning. Wells Fargo becomes Wall Street’s biggest equity bull. Yellen offers China a blunt warning ...
bloomberg.com/news/newsletters/2024-04-08/five-things-you-need-to-know-to-start-your-day-asia
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
Powell Still Sees Room for the Fed to Cut Rates This Year: The Fed chair said stronger-than-anticipated economic activity hasn’t changed the Fed’s expectation ...
wsj.com/economy/central-banking/powell-still-sees-room-for-the-fed-to-cut-rates-this-year-6621eb27
Quick Glance: Expectations of Interest Rate Cuts in 2024
- Federal Reserve Chairman Jerome Powell confirmed at Stanford University that the central bank anticipates interest rate cuts to continue this year without specifying a timeline.
- Emphasizing independence from politics, the Fed maintains its outlook despite recent reports not significantly altering their perspective.
- Stronger economic indicators have led some analysts to speculate that rate cuts may not occur this year, causing market unease.
- Despite economic data uncertainties, Powell and other Fed officials foresee a potential policy rate reduction at some point this year, likely towards the end of the year.
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.
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
Fed officials see three rate cuts 'reasonable' this year: A pair of Federal Reserve policymakers often considered to have divergent monetary policy leanings on ...
reuters.com/markets/us/feds-daly-says-3-rate-cuts-this-year-reasonable-2024-04-02/
Gold hits record high as US inflation data cements June rate cut bets: Gold prices rose to a record high on Monday, as a softer U.S. inflation reading cemented ...
reuters.com/markets/commodities/gold-hits-record-high-soft-us-data-cements-june-rate-cut-bets-2024-04-01/
Confounding US economic, inflation data cloud Fed's rate path: The Federal Reserve's latest financial stability report was good news for anyone worried that a ...
reuters.com/markets/us/confounding-us-economic-inflation-data-muddy-feds-rate-path-2024-04-25/
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
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/
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/
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/
SNAPSHOT S&P, Nasdaq open higher as softening inflation fans rate cut bets: The S&P 500 and the Nasdaq inched higher at open Monday after the latest inflation ...
reuters.com/markets/us/futures-rise-signs-softening-inflation-bolster-rate-cut-hopes-2024-04-01/
Key Fed Inflation Data Keeps June Rate Cut In Play: Federal Reserve chair Jerome Powell may offer his take later this morning for updated core PCE inflation data ...
investors.com/news/economy/federal-reserve-inflation-rate-feb-chair-jerome-powell/
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.
Explainer: Charting the Fed's economic data flow: The U.S. Federal Reserve held the benchmark interest rate steady in the 5.25% to 5.5% range at its March policy ...
reuters.com/markets/us/charting-feds-economic-data-flow-2024-02-02/
Fed Chair Jerome Powell signals rate cuts aren’t imminent: The Federal Reserve has been keen on paying attention to investors’ expectations on interest rates ...
cnn.com/2024/03/29/business/jerome-powell-interest-rates-federal-reserve/
Paid articlePaid Why the Fed keeping rates higher for longer may not be such a bad thing: It's a tough case to sell that higher interest rates today are having a substantially ...
cnbc.com/2024/04/24/why-the-fed-keeping-rates-higher-for-longer-may-not-be-such-a-bad-thing.html
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
Peter Schiff Warns Of Far More 'Devastating Outcome' Than 2008 Global Financial Crisis As He Slams Jerome
benzinga.com/analyst-ratings/analyst-color/24/03/38013652/peter-schiff-warns-of-far-more-devastating-outcome-than-2008-global-financial-crisi
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/
Gulf bourses drop; Egypt extends decline: Stock markets in the Gulf fell on Sunday, led by the Saudi index, after the U.S. Federal Reserve Chair Powell indicated ...
reuters.com/world/middle-east/gulf-bourses-drop-egypt-extends-decline-2024-03-31/
Don't sweat the prospect of no Fed rate cuts, economist says — markets will still march higher
cnbc.com/2024/03/28/dont-sweat-the-prospect-of-no-fed-rate-cuts-economist-says.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
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
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/
Take Five: Fed straight ahead: A U.S. Federal Reserve meeting and Apple and Amazon reporting results will keep investors' focus in the days ahead on the global ...
reuters.com/business/take-five/global-markets-themes-graphic-2024-04-26/
Stocks Hit as GDP Brings ‘Worst of Both Worlds’: Markets Wrap: Wall Street was rattled by data that showed exactly what stock traders did not want to hear: a ...
dailymaverick.co.za/article/2024-04-25-stocks-hit-as-gdp-brings-worst-of-both-worlds-markets-wrap/
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
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
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
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
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/
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
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
Above The Noise: Elections, Inflation, And The U.S. Banking System: By January 2025, the Federal Reserve is likely to be in an easing cycle ...
seekingalpha.com/article/4682338-above-the-noise-elections-inflation-and-the-us-banking-system
Paid articlePaid 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
Dollar (USD) Weakens as ISM Services Data Points to Easing Inflation Pressure - Bloomberg
bloomberg.com/news/articles/2024-04-03/dollar-weakens-as-us-services-data-points-to-easing-inflation-pressure
Citi explains why US stocks have plenty of room to rally further after shrugging off their pullback
markets.businessinsider.com/news/stocks/stock-market-rally-continue-resume-inflows-sp500-fed-rate-cut-2024-4
Where to Invest in Bonds Now: The Fed is signaling rate cuts ahead. Here’s where to lock in higher yields.
morningstar.com/markets/where-invest-bonds-now
Dollar consolidates ahead of inflation data; yen holds off 152 mark | The Asahi Shimbun: Breaking News, Japan News and Analysis
asahi.com/ajw/articles/15212674
Yen’s drop to 1990 low lifts Nikkei; China stocks sag | The Asahi Shimbun: Breaking News, Japan News and Analysis
asahi.com/ajw/articles/15211558
Next
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics