Rogoff Says Markets Will Thwart Any Political Pressure on Fed
Harvard University economics professor Kenneth Rogoff said that financial markets would effectively impose restraint on any move by a US president to force the Federal Reserve into easing monetary policy. “If you take away Fed independence, investors are going to…
Jerome Powell’s Hawkish Shift May Be Just Beginning
Jerome Powell’s Hawkish Shift May Be Just Beginning Bloomberg Will the Fed Cut Rates? What 60000 Headlines Say About Its Next Move Bloomberg Bloomberg Businessweek: Powell Pivot Bloomberg What 60,000 Headlines Say About the Fed’s Next Move Forex Factory Jerome Powell’s Crucial Week Analyzed Barchart
Drops in commodity prices worldwide have ‘hit a wall’ — that’s bad news for inflation: World Bank
The days of energy and other commodities serving as a deflationary force could be nearing an end, the World Bank warned, citing geopolitical tensions that have put pressure on demands for oil, industrial metals and other supplies. Commodity prices have…
Wall St edges up as Tesla and Apple gain; Fed decision awaited
By Shristi Achar A and Johann M Cherian (Reuters) -Wall Street’s main indexes crept higher in volatile trading on Monday as shares of Tesla and Apple advanced, while investors exercised caution ahead of the Federal Reserve’s interest rate decision later…
Fed rate hikes remain a ‘remote’ possibility: Analyst
As the Federal Reserve prepares to decide on rate cuts on Wednesday, markets are trading higher Monday. PGIM Fixed Income Co-Chief Investment Officer Gregory Peters joins The Morning Brief to provide insights into the rate cut outlook. Peters suggests that…
In-Demand Workers Are Staying Put as US Labor Market Cools
The dynamism that gives the US labor market its edge is slowing down. The number of people that go from one job to immediately land in another has fallen by more than half a percentage point in recent months, according…
In the Market: Economic surprises are messing with the market’s favorite recession predictor
By Paritosh Bansal (Reuters) – A bond market anomaly that has reliably predicted a U.S. recession in the past may normalize this year in a highly unusual manner. It’s a worry for markets. The market signal, called a yield curve,…
Jerome Powell may not rule out future rate hikes as the Fed gets ready to meet amid stubborn inflation
The Federal Reserve begins its two-day meeting Tuesday amid signs that inflation is not only sticky but also ticking back up, despite rates hovering at the highest level since 2001. The central is expected to hold rates steady at 5.25%-5.5%,…
Fed Rate-Cut Debate Shifts From When Toward If on Inflation Data
The debate for the Federal Reserve is beginning to shift from how many times to cut interest rates this year to whether to cut them at all in 2024. Policymakers are widely expected to hold rates steady at a more…
Mortgage rates today, April 28, 2024: Expect rates to stay high
Mortgage rates rose again this week, and they should stay relatively high until inflation slows and the Federal Reserve lowers the federal funds rate. Many people expected the Fed to drop the federal funds rate this spring or summer, but…