Fed's Powell: US economy solid, gradual interest rate cuts coming:
Federal Reserve Chair Jerome Powell has signaled that more rate cuts are in the pipeline ...
apnews.com/article/powell-federal-reserve-interest-rate-cuts-c8eed8640d8bd5b7fcb2a47ec70960e6
Quick Glance: Powell: Interest Rate Adjustments to Strengthen Economy
- Federal Reserve Chair Jerome Powell indicated gradual interest rate cuts to support the healthy US economy.
- Rates were lowered to 4.8% in early September, with two additional quarter-point cuts anticipated by year-end.
- Powell noted inflation fell to 2.2% in August, while the unemployment rate slightly decreased to 4.2%.
- The Fed is focusing on stabilizing prices and employment as the economy and job market remain robust.
Story Details
| Last Updated | Oct 02 |
| Total Articles | 38 |
Jay Powell signals ‘growing confidence’ in US economy’s soft landing: US central bank chair expresses ‘growing confidence’ of soft landing for economy
ft.com/content/4bf80d34-88a7-42a1-83b0-b33ab5dc4484
The Dow drops 350 points after Fed chair Jerome Powell signals a slow approach to interest rate cuts
qz.com/djia-sp500-nasdaq-jerome-powell-fed-interest-rate-cuts-1851661129
Fed Chair Jerome Powell: 'Growing confidence' inflation cooling, more rate cuts possible
courier-journal.com/story/money/2024/10/01/jerome-powell-the-fed-inflation-cooling/75464143007/
Fed: Powell expects two more interest rate hikes this year: US Federal Reserve Chairman Jerome Powell still believes the American economy is on solid ground ...
handelsblatt.com/finanzen/geldpolitik/fed-powell-erwartet-zwei-weitere-zinsschritte-in-diesem-jahr/100074934.html
Powell indicates further, smaller rate cuts, insists the Fed is 'not on any preset course'
cnbc.com/2024/09/30/powell-indicates-further-rate-cuts-but-insists-the-fed-is-not-on-any-preset-course.html
Powell says Fed not in a hurry, signals smaller US rate cuts ‘over time’: US economy in 'solid shape', the Fed chair said.
straitstimes.com/business/powell-says-fed-not-in-a-hurry-signals-smaller-rate-cuts-over-time
Fed Chair Jerome Powell: 'Growing confidence' inflation cooling, more rate cuts possible
usatoday.com/story/money/2024/09/30/jerome-powell-the-fed-inflation-cooling/75456527007/
Bloomberg Evening Briefing: The Fed Isn’t in a Hurry to Cut Rates Again: Get caught up.
bloomberg.com/news/newsletters/2024-09-30/bloomberg-evening-briefing-the-fed-isn-t-in-a-hurry-to-cut-rates-again
Fed's Powell says rates will 'over time' reach neutral level, not preset: In terms of outlook for rate cuts, Federal Reserve chairman Jerome Powell sees 'a ...
thenationalnews.com/business/2024/09/30/feds-powell-says-rates-will-over-time-reach-neutral-level-not-preset/
Daily Sabah Sep 30
Powell says Fed not on 'preset course,' indicates further cuts: Federal Reserve (Fed) Chair Jerome Powell suggested on Monday that more rate cuts are likely in ...
dailysabah.com/business/economy/powell-says-fed-not-on-preset-course-indicates-further-cuts
Powell Terms Economy ‘Strong Overall’ While Also Foreshadowing More Interest Rate Cuts
usnews.com/news/economy/articles/2024-09-30/powell-terms-economy-strong-overall-while-also-foreshadowing-more-interest-rate-cuts
Powell Says Fed Will Lower Rates 'Over Time', Emphasizes Economy Is Solid
bloomberg.com/news/articles/2024-09-30/powell-says-fed-will-move-over-time-to-more-neutral-stance
The Fed is not on a "preset course" to lower interest rates, Powell says
axios.com/2024/09/30/powell-fed-lower-interest-rates-economy
Fed’s Powell Says Rate Cuts Can Continue to Support Soft Landing: Federal Reserve Chair Jerome Powell says the economy is in solid shape. “We intend to use our ...
on.wsj.com/3ZRHShc
Fed’s Powell Says Rate Cuts Can Continue to Support Soft Landing: Federal Reserve Chair Jerome Powell says the economy is in solid shape. “We intend to use our ...
on.wsj.com/3ZM618V
More articles on this subject
Previous
Fed's Powell: US economy solid, gradual interest rate cuts coming: Federal Reserve Chair Jerome Powell has signaled that more rate cuts are in the pipeline ...
apnews.com/article/powell-federal-reserve-interest-rate-cuts-c8eed8640d8bd5b7fcb2a47ec70960e6
Jay Powell signals ‘growing confidence’ in US economy’s soft landing: US central bank chair expresses ‘growing confidence’ of soft landing for economy
ft.com/content/4bf80d34-88a7-42a1-83b0-b33ab5dc4484
The Dow drops 350 points after Fed chair Jerome Powell signals a slow approach to interest rate cuts
qz.com/djia-sp500-nasdaq-jerome-powell-fed-interest-rate-cuts-1851661129
Fed Chair Jerome Powell: 'Growing confidence' inflation cooling, more rate cuts possible
courier-journal.com/story/money/2024/10/01/jerome-powell-the-fed-inflation-cooling/75464143007/
Fed: Powell expects two more interest rate hikes this year: US Federal Reserve Chairman Jerome Powell still believes the American economy is on solid ground ...
handelsblatt.com/finanzen/geldpolitik/fed-powell-erwartet-zwei-weitere-zinsschritte-in-diesem-jahr/100074934.html
Powell indicates further, smaller rate cuts, insists the Fed is 'not on any preset course'
cnbc.com/2024/09/30/powell-indicates-further-rate-cuts-but-insists-the-fed-is-not-on-any-preset-course.html
Powell says Fed not in a hurry, signals smaller US rate cuts ‘over time’: US economy in 'solid shape', the Fed chair said.
straitstimes.com/business/powell-says-fed-not-in-a-hurry-signals-smaller-rate-cuts-over-time
Fed Chair Jerome Powell: 'Growing confidence' inflation cooling, more rate cuts possible
usatoday.com/story/money/2024/09/30/jerome-powell-the-fed-inflation-cooling/75456527007/
Bloomberg Evening Briefing: The Fed Isn’t in a Hurry to Cut Rates Again: Get caught up.
bloomberg.com/news/newsletters/2024-09-30/bloomberg-evening-briefing-the-fed-isn-t-in-a-hurry-to-cut-rates-again
Fed's Powell says rates will 'over time' reach neutral level, not preset: In terms of outlook for rate cuts, Federal Reserve chairman Jerome Powell sees 'a ...
thenationalnews.com/business/2024/09/30/feds-powell-says-rates-will-over-time-reach-neutral-level-not-preset/
Daily Sabah Sep 30
Powell says Fed not on 'preset course,' indicates further cuts: Federal Reserve (Fed) Chair Jerome Powell suggested on Monday that more rate cuts are likely in ...
dailysabah.com/business/economy/powell-says-fed-not-on-preset-course-indicates-further-cuts
Powell Terms Economy ‘Strong Overall’ While Also Foreshadowing More Interest Rate Cuts
usnews.com/news/economy/articles/2024-09-30/powell-terms-economy-strong-overall-while-also-foreshadowing-more-interest-rate-cuts
Powell Says Fed Will Lower Rates 'Over Time', Emphasizes Economy Is Solid
bloomberg.com/news/articles/2024-09-30/powell-says-fed-will-move-over-time-to-more-neutral-stance
The Fed is not on a "preset course" to lower interest rates, Powell says
axios.com/2024/09/30/powell-fed-lower-interest-rates-economy
Fed’s Powell Says Rate Cuts Can Continue to Support Soft Landing: Federal Reserve Chair Jerome Powell says the economy is in solid shape. “We intend to use our ...
on.wsj.com/3ZRHShc
Fed’s Powell Says Rate Cuts Can Continue to Support Soft Landing: Federal Reserve Chair Jerome Powell says the economy is in solid shape. “We intend to use our ...
on.wsj.com/3ZM618V
Dow rallies to a record after a blockbuster jobs report: NEW YORK — U.S. stocks rallied to close the week Oct. 4 after a surprisingly strong report on the U.S ...
postandcourier.com/dow-rallies-to-a-record-after-a-blockbuster-jobs-report/article_2e7b2f40-8291-11ef-83c4-575318afc649.html
US adds 254K jobs in September, blowing past expectations: The U.S. added 254,000 jobs in September, and the unemployment rate ticked lower to 4.1 percent ...
thehill.com/business/4914910-september-jobs-report-254k-jobs/
Quick Glance: Strong Job Growth in September
- The U.S. added 254,000 jobs in September, lowering the unemployment rate to 4.1 percent.
- These figures exceeded economists' expectations of 140,000 new jobs and a rate of 4.2 percent.
- President Biden described the report as good news for American workers and families, highlighting the creation of 16 million jobs since taking office.
- The Federal Reserve cut interest rates by 50 basis points as inflation eased, contributing to the stability of the current job market.
Biden calls out Rubio for false claim that solid jobs report is ‘fake’: “The jobs numbers are what the jobs numbers are. They’re real,” President Joe Biden told ...
washingtonpost.com/politics/2024/10/04/biden-jobs-report-rubio/
BlackRock CEO Larry Fink Says Market Is Wrong to Bet on So Many Fed Cuts: BlackRock Inc. Chief Executive Officer Larry Fink said the market is pricing too many ...
bloomberg.com/news/articles/2024-10-01/blackrock-s-fink-says-market-is-wrong-to-bet-on-so-many-fed-cuts
Paid articlePaywall
Call for Reserve Bank to go 'harder and faster': Massive job losses are putting pressure on the Reserve Bank to aggressively cut interest rates.
newsroom.co.nz/2024/10/01/call-for-reserve-bank-to-go-harder-and-faster/
Private Equity: Will Lower Interest Rates Help Firms Return to Better Days?: An industry that runs on debt is hoping better days — and more dealmaking — are ...
bloomberg.com/news/articles/2024-10-01/private-equity-why-is-it-in-a-funk-what-s-the-outlook
Trump casts 'election interference' label on everything while facing federal charges
nbcnews.com/politics/donald-trump/trump-casts-election-interference-label-everything-facing-federal-char-rcna173754
Quick Glance: Trump Labels Everything as Election Interference
- Donald Trump continues to claim without evidence that the 2020 election was stolen, now warning of rigging in the 2024 election.
- His campaign has cited numerous activities as election interference, yet provided no concrete evidence of fraud or illegal manipulation.
- Trump has also accused the Secret Service and Google of interfering in the election while making baseless allegations against Democrats.
- Despite his repeated assertions, there is no credible evidence of illegal influence affecting the upcoming election.
Mohamed El-Erian Warns Fed After Jobs Data: ‘Inflation Is Not Dead’: Mohamed El-Erian says the Federal Reserve needs to renew its focus on its fight against ...
bloomberg.com/news/articles/2024-10-04/el-erian-warns-fed-after-jobs-data-inflation-is-not-dead
Trump casts 'election interference' label on everything while facing federal charges
nbcnews.com/politics/donald-trump/trump-casts-election-interference-label-everything-facing-federal-char-rcna173754
Job growth surged in September as unemployment rate edged down: The big gain is a relief after previous data suggested the job market was sluggish.
axios.com/2024/10/04/jobs-report-september-2024-economy-unemployment
US economy added a whopping 254,000 jobs last month: Economists had projected the US added 140,000 jobs in September and the unemployment rate held steady at 4 ...
cnn.com/business/live-news/us-jobs-report-september-10-04-24/
Fact-Checking Vance and Walz on the Campaign Trail: Gov. Tim Walz of Minnesota has acted as attack dog for the Harris campaign, and Senator JD Vance of Ohio has ...
nytimes.com/2024/10/01/us/politics/vance-walz-campaign-fact-check.html
Quick Glance: Vance Intensifies Campaign Rhetoric After Debate
- JD Vance has shifted back to an aggressive tone after his debate with Tim Walz, abandoning the previously displayed 'Midwest nice' demeanor.
- He praised his debate performance, which Donald Trump termed 'fantastic,' and shared insights from a conversation with Trump post-debate.
- Vance criticized Walz, labeling his remarks about school shooters as 'dumb,' and also referred to Vice President Kamala Harris as an 'absolute disgrace.'
- Throughout his speeches, Vance incorporated personal narratives to defend the Trump agenda while positioning himself as a champion of the working class.
Jobs Report Gives Kamala Harris Another Boost: Recent reports have shown inflation slowing and the economy growing at a robust clip. The Fed has also cut ...
nytimes.com/2024/10/04/business/jobs-report-harris-economy.html
Dow closes at record high after blow-out jobs report: Stocks advanced on Friday after an expectation-defying jobs report gave investors confidence around the ...
cnbc.com/2024/10/03/stock-market-today-live-updates.html
Quick Glance: Stock Market Soars Following Strong Jobs Report
- Major indexes finished higher on Friday, with the Dow up 0.8%, marking slight weekly gains.
- The strong September jobs report exceeded expectations, reducing the likelihood of a 50 basis point rate cut by the Federal Reserve.
- The energy sector is set for its best weekly performance since 2022, while the real estate sector faced declines.
- Analysts remain optimistic about Bitcoin's potential to reach record highs by year-end.
Bloomberg Evening Briefing: Fed Closes in on Vindication as Jobs Report Crushes: Get caught up.
bloomberg.com/news/newsletters/2024-10-04/bloomberg-evening-briefing-fed-closes-in-on-vindication-as-jobs-report-crushes
Powell’s Outsized Influence Signals Smaller Fed Cut, Nomura Says: The Federal Reserve is likely to downsize its rate cuts to 25 basis points at both the November ...
bloomberg.com/news/articles/2024-10-04/powell-s-outsized-influence-signals-smaller-fed-cut-nomura-says
Trump Offers Voters a Trifecta of Economic Idiocy: Given the power of the presidency, his proposals to jack up tariffs, conduct mass deportations and curb the ...
bloomberg.com/opinion/articles/2024-09-30/trump-offers-voters-a-trifecta-of-economic-idiocy
Paid articlePaywallIncome Inequality: One Way to Reduce It Is to Work More: Economists tend to focus on structural changes to address differences in income ...
bloomberg.com/opinion/articles/2024-10-04/income-inequality-one-way-to-reduce-it-is-to-work-more
Paid articlePaywallJPMorgan, BofA No Longer See a Half-Point Fed Rate Cut in November: JPMorgan Chase & Co. and Bank of America Corp. are now forecasting a quarter-point ...
bloomberg.com/news/articles/2024-10-04/jpmorgan-bofa-no-longer-see-a-half-point-fed-cut-in-november
Paid articlePaywallUS Hiring Tops All Estimates, While Jobless Rate Falls to 4.1%: US job growth last month topped all estimates, the unemployment rate unexpectedly declined and ...
bloomberg.com/news/articles/2024-10-04/us-hiring-tops-all-estimates-while-jobless-rate-falls-to-4-1
Stan Druckenmiller Is Wary of Fed’s Next Move After US Jobs Report: Billionaire investor Stanley Druckenmiller is concerned that the Federal Reserve has boxed ...
bloomberg.com/news/articles/2024-10-04/druckenmiller-is-wary-of-fed-s-next-move-after-a-hot-jobs-print
Fed interest rate cut means borrowing money will get cheaper for customers: Borrowing costs will be less onerous than in recent years, but likely won't ...
axios.com/2024/09/18/borrowing-credit-cards-loans-inflation
Quick Glance: Future Interest Rate Cuts from Federal Reserve Expected
- The Federal Reserve recently lowered interest rates to ease the burden on borrowers.
- The Federal Open Market Committee forecasts additional rate cuts through the end of 2024 and into 2025.
- Inflation has decreased but remains above the Fed's target, while unemployment rates are rising.
- Experts caution about uncertainties in economic forecasts that could impact the Fed's monetary policy.
Bitcoin: At this point the cryptocurrency could DOUBLE!: Bitcoin could rise to 150,000 dollars by 2025, possible correction in 2026. Fed interest rate cuts could ...
boerse-online.de/nachrichten/rohstoffe/bitcoin-zu-diesem-zeitpunkt-koennte-sich-die-kryptowaehrung-verdoppeln-20367318.html
Goldman Sachs strategist lays out surprising view on stocks
miamiherald.com/news/business/article293530069.html
US Job Openings Climb to Three-Month High, Exceeding Forecasts: US job openings rose in August to a three-month high, a development at odds with other data ...
bloomberg.com/news/articles/2024-10-01/us-job-openings-climb-to-three-month-high-exceeding-forecasts
Treasuries Slide as Resilient Job-Market Data Weighs on Fed Bets: US Treasuries are sliding after US companies added more jobs than expected last month ...
bloomberg.com/news/articles/2024-10-02/treasuries-slide-as-resilient-job-market-data-weighs-on-fed-bets
Paid articlePaywall Strong jobs report puts aggressive rate cuts by the Fed on ice: The jobs numbers take off the table the idea that the Fed is behind the curve of a rapidly ...
axios.com/2024/10/04/jobs-data-fed-rate-cuts-dream
September jobs report lowers odds of 50-basis-point interest-rate cut: Odds of a 50-basis-point cut in November dropped to 9% from 33% within minutes of the ...
businessinsider.com/september-jobs-report-fed-rate-cut-outlook-november-labor-market-2024-10
Quick Glance: Strong Jobs Report Signals Soft Landing Ahead
- The September jobs report revealed the addition of 254,000 jobs, lowering the unemployment rate to 4.1%.
- This robust data alleviates pressure on the Federal Reserve to implement a half-point rate cut at the upcoming meeting.
- Experts suggest that the strength of the report indicates the economy is poised for a soft landing, while inflation risks must be monitored.
- Markets responded positively, with expectations shifting towards a 0.25% rate cut, setting a favorable economic outlook.
US jobs report: 254,000 jobs added as unemployment dips: America’s employers added a surprisingly strong 254,000 jobs in September, easing concerns about a ...
apnews.com/article/jobs-hiring-federal-reserve-inflation-unemployment-economy-87447d5187b37bb0f5cf996e25bad808
Transgender rights, ghost guns – and an election? The Supreme Court returns.: Supreme Court justices are set to grapple with cases involving transgender rights ...
csmonitor.com/USA/Justice/2024/1003/supreme-court-transgender-rights-ghost-guns-election-2024
Paid articlePaywallQuick Glance: Supreme Court Tackles Major Legal Issues in 2024
- The U.S. Supreme Court opens its new term addressing significant cases, including age verification for pornography and regulation of ghost guns.
- A key issue involves Tennessee's ban on gender-affirming medical treatments for transgender minors, which is argued to be discriminatory.
- Additional important cases relate to the requirement of age verification for pornographic content and the FDA's approval of flavored e-cigarettes.
- Public approval of the court has dropped to a historic low of 43%, fueled by concerns over the justices' ethics and independence.
Jobs Report Live Updates: U.S. Employers Add 254,000 Jobs, Far Surpassing Forecasts
nytimes.com/live/2024/10/04/business/jobs-report-september-economy/jobs-report-september
Fed Interest-Rate Cuts: Prospect of Second Big Move Hinges on Powell and Jobs: The appetite of Federal Reserve policymakers for another large interest-rate cut ...
bloomberg.com/news/articles/2024-09-28/powell-speech-and-jobs-data-to-help-clarify-fed-rate-path
Paid articlePaywall Fed's go-to measure confirms slowing inflation: It confirms the trend that convinced the central bank to lower interest rates earlier this month.
axios.com/2024/09/27/inflation-fed-reserve-pce-index-august
Quick Glance: Trump Ad Relies on Outdated Economic Claims
- The Trump campaign released an ad utilizing outdated economic data to criticize Biden and Harris.
- Inflation has dropped to 2.53% as of August 2023, contradicting claims of the highest inflation in 40 years.
- Unemployment remains low at 4.2%, and median household incomes rose by 4% in 2023.
- Experts dispute the notion of an imminent recession, while the Fed remains optimistic about economic growth.
Barkin Says Progress Made But Fed Can’t Declare Victory Yet: Federal Reserve Bank of Richmond President Tom Barkin noted progress on inflation and signs that ...
bloomberg.com/news/articles/2024-10-02/barkin-says-progress-made-but-fed-can-t-declare-victory-yet
Dollar (USD) Rally Signals Trader Angst About Global Rate-Cut Path: The dollar is rallying this week as traders start to question how aggressive the Federal ...
bloomberg.com/news/articles/2024-10-03/dollar-rally-signals-trader-angst-about-global-rate-cut-path
Inflation Isn’t Tamed Yet. The Loneliest Fed Governor Was Right.: Federal Reserve governor Michelle Bowman cast the only dissenting vote in the Federal Open ...
barrons.com/articles/inflation-isnt-tamed-yet-the-loneliest-fed-governor-was-right-b23cc57d
Paid articlePaywallApollo CEO Rowan Warns That Aggressive Rate Cuts Could Backfire: Apollo Global Management Inc. Chief Executive Officer Marc Rowan said he doesn’t see a reason ...
trib.al/RttV6M7
Wall Street Skeptics Crushed Again in US Jobs-Data Economic Shocker: The ever-resilient US economy is once again causing havoc for Wall Street worrywarts ...
bloomberg.com/news/articles/2024-10-04/wall-street-skeptics-thrashed-anew-in-jobs-day-economic-shocker
Global Stock Market at Risk of Downturn by Year End, Universa's Spitznagel Says
bloomberg.com/news/articles/2024-09-26/stock-market-s-goldilocks-zone-is-in-danger-of-an-abrupt-end
Paid articlePaywall
Elizabeth Warren says Citi has become ‘too big to manage’: The Massachusetts senator told federal regulators that Citigroup needs growth restrictions
qz.com/elizabeth-warren-calls-on-tougher-regulations-on-citigr-1851664468
Quick Glance: Warren Calls for Stricter Regulations on Citigroup
- Senator Elizabeth Warren warns that Citigroup has become 'too big to manage' and urges for stricter regulations.
- In a letter to regulators, she highlights the bank's deficiencies in risk management and operational controls.
- Recently, the Federal Reserve concluded a long-standing enforcement action against Citi related to anti-money laundering policies.
- Warren emphasizes the need for tougher regulatory measures for large banks, following criticisms of Citi's inadequate resolution plan.
Biden takes a victory lap on economy in surprise visit to White House briefing room
abcnews.go.com/Politics/biden-takes-victory-lap-economy-surprise-visit-white/story
Interest-Rate Cut: Summers Says September 50 Basis Point Cut Was 'Mistake'
bloomberg.com/news/articles/2024-10-04/summers-says-50-basis-point-cut-in-september-was-a-mistake
JPMorgan’s Billionaire CEO Didn’t Endorse Trump—Despite Trump Saying He Did: Dimon has previously described Trump as “good for business” but social media posts ...
forbes.com/sites/dereksaul/2024/10/04/jpmorgans-billionaire-ceo-didnt-endorse-trump-despite-trump-saying-he-did/
Quick Glance: Trump Falsely Claims Endorsement from Jamie Dimon
- Donald Trump claimed on Truth Social that he received an endorsement from Jamie Dimon, CEO of JPMorgan Chase, which Dimon promptly denied.
- A spokesperson for Dimon confirmed that he has not endorsed anyone.
- When asked about the post, Trump stated he knew nothing about it.
- Despite the false claim, the post remained visible on Trump's platform for over three hours.
Stocks Are In and Bonds Are Out: Top Trades for the Rest of the Year: US stocks will outperform the nation’s government and corporate bonds for the rest of this ...
bloomberg.com/news/articles/2024-09-29/stocks-are-in-and-bonds-are-out-top-trades-for-the-rest-of-the-year
Paid articlePaywallUS Auto Sales Likely to Pick Up as Rates Fall and Political Uncertainty Fades: After a lackluster quarter of vehicle sales that was presaged by a rout in auto ...
bloomberg.com/news/articles/2024-10-01/auto-sales-likely-to-pickup-as-rates-fall-and-political-uncertainty-fades
Singapore Home Prices Fall for First Time in a Year as Sales Cool: Singapore’s home prices fell for the first time in five quarters as a sales slowdown weighed ...
bloomberg.com/news/articles/2024-10-01/singapore-home-prices-fall-for-first-time-in-year-as-sales-cool
US Interest-Rate Cuts: Inflation Is Set to Reassure Fed: US inflation probably moderated at the end of the third quarter, reassuring a Federal Reserve that’s ...
bloomberg.com/news/articles/2024-10-05/us-interest-rate-cuts-inflation-is-set-to-reassure-a-labor-market-focused-fed
US Homeowners Eye Over $4,000 in Mortgage Savings as Interest Rates Drop: US homeowners are eagerly grasping for mortgage savings as the Federal Reserve embarks ...
bloomberg.com/news/articles/2024-09-25/homeowners-eye-over-4-000-in-annual-refi-savings-as-rates-drop
Paid articlePaywallThe Fed Needs to Tread Carefully in Twitchy Money Markets: Banks are getting closer to becoming more vulnerable to tipping points in liquidity and lending ...
bloomberg.com/opinion/articles/2024-10-04/the-fed-needs-to-tread-carefully-in-twitchy-money-markets
Biden: Fed rate cut is "declaration of progress" on crushing inflation: The economy is a central issue for the upcoming election, with Trump using high ...
axios.com/2024/09/19/biden-fed-interest-rates-cut-trump-harris
Quick Glance: Biden Praises Rate Cut as Sign of Economic Relief
- President Biden described the Federal Reserve's rate cut as an important signal to Americans that inflation is decreasing.
- He emphasized that despite positive trends, such as inflation dropping from 9.1% to around 2%, much work remains to be done.
- Biden noted progress since the COVID-19 pandemic and highlighted legislative achievements while pointing out unresolved issues like childcare and housing costs.
- A White House official stated that labor market data remains solid and the economy is healthy overall, despite geopolitical risks.
Traders Unwind Long Treasury Bets as Smaller Rate Cuts Weighed: Bond traders are beginning to cash out of their bets for a further rally in US Treasuries as they ...
bloomberg.com/news/articles/2024-10-01/traders-unwind-long-treasury-bets-as-smaller-rate-cuts-weighed
Fed’s Powell Asserted Leadership to Secure Half-Point Interest-Rate Cut: One week before Federal Reserve officials gathered in Washington this month ...
bloomberg.com/news/articles/2024-09-25/fed-s-powell-asserted-leadership-to-secure-half-point-interest-rate-cut
Paid articlePaywall Harris and Trump spar over economic impact of taxes and tariffs: The Trump and Harris campaigns both feature low taxes for average Americans ...
csmonitor.com/Business/2024/1004/harris-trump-taxes-tariffs-economy
Paid articlePaywallTraders Blow Off US Election Risks as Stocks Race Into October: US stocks survived what’s traditionally their toughest stretch of the year ...
bloomberg.com/news/articles/2024-09-29/traders-blow-off-us-election-risks-as-stocks-race-into-october
Gold (XAUUSD) Steady Near Record High Before Data That May Give Fed Clues: Gold touched a record high ahead of US data that may offer clues on whether the ...
bloomberg.com/news/articles/2024-09-23/gold-xauusd-steady-near-record-high-before-data-that-may-give-fed-clues
A Former Fed Vice Chair Sizes Up Rates, the Economy, and Powell: Roger Ferguson gives the Federal Reserve high marks for making a jumbo rate cut to get ahead of ...
barrons.com/articles/rates-fed-economy-powell-roger-ferguson-08bae824
Paid articlePaywallDollar (USD) Strengthens as Big Fed Rate-Cut Bets Erased: The dollar is about to notch its best week in two years. Geopolitical unrest, the odds of lower ...
bloomberg.com/news/articles/2024-10-04/dollar-set-for-best-week-in-two-years-as-big-fed-cut-bets-erased
Bitcoin (BTC) Heads to One of Best Septembers on Record on Rate Cuts: Bitcoin is on course for one of its biggest September gains ever, courtesy of a global wave ...
bloomberg.com/news/articles/2024-09-27/bitcoin-btc-heads-to-one-of-best-septembers-on-record-on-rate-cuts
The Federal Reserve just cut interest rates by a half point. Here's what that means for your wallet
cnbc.com/2024/09/18/federal-reserve-cuts-interest-rates-what-that-means-for-your-wallet.html
US Treasuries Set for Longest Monthly Winning Streak Since 2010: US government bonds are on track to end September with a historic fifth-straight monthly gain ...
bloomberg.com/news/articles/2024-09-30/treasury-market-closes-in-on-historic-five-month-winning-streak
Fed’s Powell Speaks About Economy, Rates at NABE: Key Takeaways: Here are the key takeaways from Federal Reserve Chair Jerome Powell’s remarks at the National ...
bloomberg.com/news/articles/2024-09-30/fed-s-powell-speaks-about-economy-rates-at-nabe-key-takeaways
This Is a Big Key to a Healthy Jobs Market, Fed’s Kashkari Says: Speaking on Monday, President Neel Kashkari said that the Minneapolis Fed has been studying the ...
barrons.com/articles/childcare-costs-jobs-market-fed-kashkari-28c72ae1
Paid articlePaywallEd Yardeni Sees Fed Pausing Rate Cuts for 2024 After Jobs Report: The Federal Reserve’s monetary-easing campaign for 2024 may already be over as the strong labor ...
bloomberg.com/news/articles/2024-10-04/ed-yardeni-sees-fed-pausing-rate-cuts-for-2024-after-jobs-report
More Americans file for unemployment benefits last week, but layoffs remain historically low
bostonglobe.com/2024/10/03/business/unemployment-benefits-last-week/
US Inflation Hits Fed’s 2% Goal Early 2025 in Economists Survey: Economists see US inflation reaching the Federal Reserve’s target early next year while the ...
bloomberg.com/news/articles/2024-09-27/fed-s-preferred-price-gauge-seen-hitting-2-goal-in-early-2025
US dividend ETFs bask in investor attention after jumbo Fed rate cut: U.S. exchange-traded funds (ETFs) that invest in dividend-paying stocks have enjoyed a rush ...
reuters.com/markets/us/us-dividend-etfs-bask-investor-attention-after-jumbo-fed-rate-cut-2024-10-04/
ECB Momentum for an October Rate Cut Is Looking Unstoppable: An interest-rate cut that European Central Bank officials deemed unlikely just three weeks ago now ...
bloomberg.com/news/articles/2024-10-02/ecb-momentum-for-an-october-rate-cut-is-looking-unstoppable
Economy hitting Roaring 20's stride with Fed rate cuts, GDP growth: UBS : "It's no longer too soon nor too optimistic to suggest that the US will experience a ...
businessinsider.com/economy-hitting-roaring-20s-stride-fed-rate-cuts-gdp-growth-2024-9
Gold Prices Rise Amid Middle East Tensions and Fed Rate Cut Expectations: Gold prices climbed on Thursday, October 3, driven by escalating tensions in the Middle ...
riotimesonline.com/gold-prices-rise-amid-middle-east-tensions-and-fed-rate-cut-expectations/
On Interest-Rate Cuts, BOE and ECB Should Learn Not to Fight the Fed: The UK and euro area central banks have little choice but to lower their key interest rates ...
bloomberg.com/opinion/articles/2024-09-25/on-interest-rate-cuts-boe-and-ecb-should-learn-not-to-fight-the-fed
Interest Rates: Federal Reserve Should Stop Tying Its Hands: You can have data dependence or firm forward guidance, but not both.
bloomberg.com/opinion/articles/2024-09-27/interest-rates-federal-reserve-should-stop-tying-its-hands
Paid articlePaywallUS Jobs Report Is Expected to Show Stable Growth in September: Economists anticipate that hiring picked up slightly in September while the unemployment rate held ...
bloomberg.com/news/articles/2024-10-03/us-jobs-report-is-expected-to-show-stable-growth-in-september
Paid articlePaywallJPMorgan's Dimon Says He’s Skeptical of Soft Landing After Rate Cut: JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he remains skeptical ...
bloomberg.com/news/articles/2024-09-20/jpm-s-dimon-says-he-s-skeptical-of-soft-landing-after-rate-cut
Paid articlePaywallQuick Glance: Dimon: Fed's Rate Cut Mostly Ignored by Americans
- JPMorgan Chase CEO Jamie Dimon stated that only 5% of Americans are aware of the Federal Reserve's interest-rate cut.
- He emphasized that this decision is not significant for most Americans and will have minimal impact on the upcoming U.S. elections.
- Surveys indicate that 61% of Americans expect to take financial actions due to falling interest rates, potentially reviving the housing market.
- Dimon expressed concerns about long-term inflation rates and geopolitical risks, viewing them as greater challenges.
Hedge Fund Boss Norris Says Fed Cuts Won’t Revive Green Bets: It’s wrong to expect that a cycle of interest-rate cuts from the Federal Reserve will suddenly ...
bloomberg.com/news/articles/2024-09-29/hedge-fund-boss-norris-says-fed-cuts-won-t-revive-green-bets
Paid articlePaywallPowell Warns Not to See Half-Point Cut as Fed’s New Pace
bloomberg.com/news/live-blog/2024-05-01/fomc-rate-decision-and-fed-chair-news-conference
Quick Glance: Federal Reserve's Decision on Interest Rates and Burden of U.S. Households
- The Federal Reserve has decided to maintain the benchmark interest rate stable and defer anticipated rate cuts, given the ongoing burden of elevated inflation on U.S. households.
- The announcement comes amidst recent government data indicating a slowdown in the economy.
- The current Fed Funds rate ranges between 5.25% and 5.5%, aligning with its highest level since 2001.
China Unleashes Stimulus, Cuts Key Short-Term Interest Rate, Mortgage Costs: China’s central bank unleashed an unprecedented blitz of policy support for the ...
bloomberg.com/news/articles/2024-09-24/china-frees-banks-to-lend-more-cuts-key-interest-rate
Paid articlePaywallEscalation: The Bloomberg Close, Americas Edition: Good afternoon. Here's what you need to know to end your day.
bloomberg.com/news/newsletters/2024-09-27/escalation-the-bloomberg-close-americas-edition
Trump’s promises would spike inflation and wipe out jobs, study finds: Trump’s promises would spike inflation and wipe out jobs, study finds
cnn.com/2024/09/26/business/trump-inflation-jobs-tariffs-economy/
Elon Musk accuses UK of releasing paedophiles, apparently after being snubbed for business summit
wionews.com/world/elon-musk-accuses-uk-of-releasing-paedophiles-apparently-after-being-snubbed-for-business-summit-762397
Quick Glance: Elon Musk Critiques UK Summit Exclusion
- Elon Musk was not invited to the UK government's International Investment Summit due to his social media activity during the August riots.
- He stated that no one should visit the UK when convicted pedophiles are released while others are imprisoned for social media posts.
- The government's decision not to invite Musk indicates concerns about the event's reputation, especially following his controversial comments about the riots.
- The government aims to attract significant international investment at the summit on October 14, while Musk focuses on establishing a second European gigafactory.
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