More news on this subject
Previous
Goolsbee Says Fed Needs More Time Before Cutting as Prices Stall: Federal Reserve Bank of Chicago President Austan Goolsbee said progress on inflation has ...
bloomberg.com/news/articles/2024-04-19/goolsbee-says-fed-needs-more-time-before-cutting-as-prices-stall
Paid articlePaid
Bloomberg Evening Briefing: Blame the Rent for America’s Sticky Inflation: Get caught up.
bloomberg.com/news/newsletters/2024-04-18/bloomberg-evening-briefing-blame-the-rent-for-america-s-sticky-inflation
Mercantile Bank Corporation (MBWM) Q1 2024 Earnings Call Transcript: Mercantile Bank Corporation (NASDAQ:NASDAQ:MBWM) Q1 2024 Earnings Conference Call April 16 ...
seekingalpha.com/article/4684057-mercantile-bank-corporation-mbwm-q1-2024-earnings-call-transcript
Fed’s Austan Goolsbee Says More to Do on Inflation, Trade-Offs Rising: Federal Reserve Bank of Chicago President Austan Goolsbee said policymakers still have a ...
bloomberg.com/news/articles/2024-04-10/fed-s-goolsbee-says-more-to-do-on-inflation-trade-offs-rising
Paid articlePaid
US Rent Inflation Looms Over Potential Interest-Rate Cut: Rent increases are taking longer to moderate in the Northeast and Midwest than in the West and South.
bloomberg.com/news/articles/2024-04-18/us-rent-inflation-looms-over-potential-interest-rate-cut
Paid articlePaid
Fed's Powell says high interest rates need more time to work: WASHINGTON (Reuters) -- Federal Reserve Chair Jerome Powell said on Tuesday the U.S ...
asia.nikkei.com/Economy/Fed-s-Powell-says-high-interest-rates-need-more-time-to-work
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.
Wall St rises on easing bond yields, inflation numbers on tap: The Nasdaq and S&P 500 posted modest gains on Tuesday, a day ahead of major inflation data ...
reuters.com/markets/us/futures-flat-lead-up-inflation-data-2024-04-09/
Fed's Goolsbee keeps policy focus on PCE after high consumer price readings: Chicago Federal Reserve President Austan Goolsbee said on Friday continued high ...
reuters.com/markets/us/feds-goolsbee-keeps-policy-focus-pce-after-high-consumer-price-readings-2024-04-12/
Fed’s Goolsbee Sees Three Rate Cuts This Year as Inflation Cools: Federal Reserve Bank of Chicago President Austan Goolsbee said he is among policymakers ...
bloomberg.com/news/articles/2024-03-25/fed-s-goolsbee-sees-three-rate-cuts-this-year-as-inflation-cools
S&P 500, Nasdaq choppy as higher bond yields weigh: U.S. stocks were essentially unchanged at the close of a choppy session on Monday, with a solar eclipse ...
reuters.com/markets/us/futures-muted-bond-yields-rise-2024-04-08/
Gold advances on weaker dollar ahead of US inflation test: Gold prices climbed on Tuesday, buoyed by a weaker U.S. dollar, while investors waited for data due ...
reuters.com/markets/commodities/gold-holds-tight-range-focus-turns-us-inflation-data-2024-03-26/
Wall St slips as holiday-thinned week begins: The Dow and S&P 500 slipped on Monday, the first session after the biggest weekly percentage gains for the indexes ...
reuters.com/markets/us/futures-ease-start-holiday-shortened-week-2024-03-25/
Chicago Fed president still sees inflation on ‘golden path’ to 2%, but housing costs need to come down before rates cut
chicagotribune.com/2024/04/04/chicago-fed-president-austan-goolsbee-inflation-rate-cuts/
Gold flat as dollar firms, investors seek more Fed cues: Gold prices were flat in range-bound trade on Wednesday as the dollar ticked higher ...
reuters.com/markets/commodities/gold-subdued-dollar-firms-investors-seek-more-fed-cues-2024-03-27/
Fed's balancing act could see June rate cut in play even with sticky inflation: Federal Reserve Chair Jerome Powell says the central bank is not growing more ...
reuters.com/markets/rates-bonds/feds-balancing-act-could-see-june-rate-cut-play-even-with-sticky-inflation-2024-03-29/
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.
Worried About the Hot Jobs Report? Listen to Fed’s Austan Goolsbee.: The US added 303,000 nonfarm jobs in March, exceeding all estimates. Take it for what it is: ...
bloomberg.com/opinion/articles/2024-04-05/worried-about-the-hot-jobs-report-listen-to-fed-s-austan-goolsbee
Paid articlePaid
Stock market news: US futures dip as traders fret about jobs, inflation: The US economy added more jobs than expected in March, stoking fears that the Fed might ...
markets.businessinsider.com/news/stocks/stock-market-news-futures-trading-inflation-cpi-unemployment-fed-rates-2024-4
Fed Meeting Focus On These Two Words Won't Thrill S&P 500: Federal Reserve meeting rate-cut projections will take center stage on Wednesday ...
investors.com/news/economy/federal-reserve-meeting-rate-cuts-financial-conditions-sp-500/
Fed’s Goolsbee Sees Lower Rates as Inflation Falls This Year: Federal Reserve Bank of Chicago President Austan Goolsbee said he expects policymakers will lower ...
bloomberg.com/news/articles/2024-03-08/fed-s-goolsbee-sees-lower-rates-as-inflation-falls-this-year
Paid articlePaid
Fed Meeting Focus On These Two Words Won't Thrill S&P 500: Federal Reserve meeting rate-cut projections will take center stage on Wednesday ...
investors.com/news/economy/federal-reserve-meeting-rate-cuts-financial-conditions-sp-500/
Morning Bid: No holiday for US core inflation: A look at the day ahead in European and global markets from Wayne Cole.
reuters.com/world/europe/global-markets-view-europe-2024-03-25/
This JPMorgan pro says Fed has it backward — inflation needs rates to come down: Critical information for the U.S. trading day
marketwatch.com/story/this-jpmorgan-pro-says-the-fed-has-it-backward-rates-need-to-be-cut-to-lower-inflation-c1ea6c28
Fed’s Goolsbee Says Inflation Can Be a Bit Higher, Still on Path to 2%: Federal Reserve Bank of Chicago President Austan Goolsbee said slightly higher inflation ...
trib.al/JBd5pE5
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
US Farmland Values Hit Record But Gains Slow With Tighter Credit
bloomberg.com/news/articles/2024-02-15/us-farmland-values-hit-record-but-gains-slow-with-tighter-credit
Paid articlePaid
Goolsbee: Inflation readings ‘should not knock us off path’ back to 2% target: Bigger workforce should benefit core services inflation, Chicago Fed president ...
marketwatch.com/story/feds-goolsbee-says-hot-inflation-readings-should-not-knock-us-off-path-back-to-2-target-ef856c4a
Paid articlePaid
Chicago Fed Advance Retail Trade Summary Sees Moderate Gains in January Sales: A new Federal Reserve Bank of Chicago index based on high-frequency indicators ...
bloomberg.com/news/articles/2024-02-14/new-chicago-fed-index-sees-more-moderate-gain-in-january-sales
US wholesale inflation accelerated in January in latest sign that prices picked up last month
apnews.com/article/inflation-wholesale-prices-consumer-federal-reserve-rates-68045213d11f1b2d5df41e0cdebe4955
Fed’s Goolsbee Says He Wants to See More Inflation Progress: Federal Reserve Bank of Chicago President Austan Goolsbee said he wants to see more evidence the Fed ...
bloomberg.com/news/articles/2024-02-02/fed-s-goolsbee-says-he-wants-to-see-more-inflation-progress
Paid articlePaid
Fed’s Goolsbee Says More Good Inflation Data Needed Before Starting Rate Cuts: Federal Reserve Bank of Chicago President Austan Goolsbee reiterated that he’d ...
bloomberg.com/news/articles/2024-02-05/fed-s-goolsbee-says-more-good-data-needed-before-starting-cuts
Paid articlePaid
Morning Bid: 'No Landing' scenarios swirl as markets recoil: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-02-14/
Don't wait to cut interest rates, Chicago Fed head says: Austin Goolsbee thinks it's okay for the "soft landing" to be a little bumpy
qz.com/cut-interest-rates-federal-reserve-1851257951
Paid articlePaid
5 signs US economy outlook isn't as positive as people think: Rosenberg: "Not everything is coming up smelling like roses, as the consensus narrative and Fed ...
businessinsider.com/us-economy-outlook-fed-job-market-housing-gdp-data-rosenberg-2024-2
Paid articlePaid
Stock Market News: Indexes climb as retail data fuels dovish Fed bets: Indexes ticked higher as investors took in fresh data that showed weaker than expected ...
markets.businessinsider.com/news/stocks/stock-market-news-indexes-sp500-nvidia-inflation-investors-fed-finance-2024-2
Fed’s Austan Goolsbee Says Cooling Inflation Could Merit Rate Cut Discussion: Federal Reserve Bank of Chicago President Austan Goolsbee said officials should ...
bloomberg.com/news/articles/2024-01-19/goolsbee-says-fed-could-cut-as-inflation-cools-real-rates-rise
Fed Officials Speak on Rates, US Economy: Live Updates: Federal Reserve Governor Christopher Waller said he’d like to see the central bank’s holdings of ...
bloomberg.com/news/articles/2024-03-01/fed-latest-barkin-says-fed-is-not-in-battle-with-the-markets
Gold Surges as Economic Data Falters: Gold hit a two-month peak, driven by poor U.S. manufacturing data and declining consumer confidence ...
riotimesonline.com/gold-surges-as-economic-data-falters/
Nasdaq, S&P 500 Futures Signal Uncertainty Before Crucial Inflation Data While Bitcoin Rallies On: Why Th
benzinga.com/news/earnings/24/02/37387887/nasdaq-s-p-500-futures-signal-uncertainty-before-crucial-inflation-data-while-bitcoin-rallies-on-wh
Fed won't start rate cuts until May, traders now bet: The Federal Reserve won't start easing policy until May, traders bet on Friday, capping a week during which ...
reuters.com/markets/us/traders-bet-fed-wont-start-rate-cuts-until-may-2024-01-19/
Rupee eyes recovery in Asia FX, Fed comments post US inflation: The Indian rupee will weigh the pause in the U.S. dollar's rally on Thursday ...
reuters.com/markets/currencies/rupee-eyes-recovery-asia-fx-fed-comments-post-us-inflation-2024-02-15/
Asian stocks rise, dollar eases as markets weigh US rate outlook - Markets - The Jakarta Post
thejakartapost.com/business/2024/02/15/asian-stocks-rise-dollar-eases-as-markets-weigh-us-rate-outlook.html
S&P 500, Nasdaq Jointly Hit New All-Time Highs As AI-Driven Stocks Defy Gravity: What's Driving Markets F
benzinga.com/markets/equities/24/01/36699753/s-p-500-nasdaq-jointly-hit-new-all-time-highs-as-ai-driven-stocks-defy-gravity-whats-driving-mar
Fed rate cuts: Why the central bank may not budge this year: Wall Street veterans break down the case for higher-for-longer interest rates as the economy ...
businessinsider.com/recession-outlook-fed-interest-rate-cuts-wall-street-markets-investors-2024-2
Fed’s Goolsbee says some high inflation readings won’t knock his confidence: Rates are ‘quite restrictive,’ Chicago Fed president says
marketwatch.com/story/feds-goolsbee-says-some-high-monthly-inflation-readings-wont-knock-his-confidence-11486ac9
Anchorage Digital Bank to bring block trading to advisors: The San Francisco technology company is partnering with Onramp Invest to offer registered investment ...
americanbanker.com/news/anchorage-digital-bank-to-bring-block-trading-to-advisors
Next
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics