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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
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.
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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/
S&P 500, Nasdaq choppy as higher bond yields weigh
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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/
Chicago Fed president still sees inflation on ‘golden path’ to 2% ...
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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/
Gold flat as dollar firms, investors seek more Fed cues
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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/
Fed's balancing act could see June rate cut in play even with sticky ...
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.
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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
Worried About the Hot Jobs Report? Listen to Fed’s Austan Goolsbee.
Profile picture of Insider (news website)
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
Stock market news: US futures dip as traders fret about jobs, inflation
Profile picture of Investor's Business Daily
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 Meeting Focus On These Two Words Won't Thrill S&P 500
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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 Meeting Focus On These Two Words Won't Thrill S&P 500
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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/
Morning Bid: No holiday for US core inflation
Profile picture of MarketWatch
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
This JPMorgan pro says Fed has it backward — inflation needs rates to come ...
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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
Fed Speeches: Latest on Remarks From Harker, Barkin, Kashkari, Others
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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
Goolsbee: Inflation readings ‘should not knock us off path’ back to 2% ...
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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/
Morning Bid: 'No Landing' scenarios swirl as markets recoil
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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
Don't wait to cut interest rates, Chicago Fed head says
Profile picture of Insider (news website)
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
5 signs US economy outlook isn't as positive as people think: Rosenberg
Profile picture of Insider (news website)
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
Stock Market News: Indexes climb as retail data fuels dovish Fed bets
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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
Fed Officials Speak on Rates, US Economy: Live Updates
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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/
Gold Surges as Economic Data Falters
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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/
Fed won't start rate cuts until May, traders now bet
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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/
Rupee eyes recovery in Asia FX, Fed comments post US inflation
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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
Asian stocks rise, dollar eases as markets weigh US rate outlook - Markets ...
Profile picture of Insider (news website)
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 rate cuts: Why the central bank may not budge this year
Profile picture of MarketWatch
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
Fed’s Goolsbee says some high inflation readings won’t knock his ...
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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
Anchorage Digital Bank to bring block trading to advisors