Tag Archives: Fed

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Today’s newsletter is by Ethan Wolff-Mann, a senior writer. Follow him on Twitter @ewolffmann. The chorus of those wanting a weaker labor market is getting louder and louder. After the recent job numbers were released last week, Bank of America analysts said in a note they are essentially “rooting against the home team” and hope the numbers stop… Source link

James Bullard, president of the Federal Reserve Bank of St. Louis, joined Yahoo Finance to discuss his outlook on inflation and the central bank’s response. Below is a transcript of his appearance, aired live on May 11. – BRIAN CHEUNG: I am joined here live on Yahoo Finance in an exclusive conversation with St. Louis Fed President James Bullard. Obviously the Federal Reserve very much in focus so it’s great to have you on the program President Bullard. How are you? JAMES BULLARD: Very good,… Source link

Loretta Mester, president of the Federal Reserve Bank of Cleveland, joined Yahoo Finance to discuss her outlook on inflation and the central bank’s response. Below is a transcript of her appearance, aired live on May 10. – BRIAN CHEUNG Welcome back to Yahoo Finance. I’m Brian Cheung here live on site at the Atlanta Fed’s Financial Markets Conference in beautiful Amelia Island and I’m here with Cleveland Fed President Loretta Mester. President Mester, so it’s great to see you and also in… Source link

Raphael Bostic, president of the Federal Reserve Bank of Atlanta, joined Yahoo Finance to discuss his outlook on inflation and the central bank’s response. Below is a transcript of his appearance, taped and aired on May 10. – BRIAN CHEUNG: Hi I’m Brian Cheung here on the sidelines of the Financial Markets Conference hosted by the Atlanta Fed alongside the Atlanta Fed President Raphael Bostic. President Bostic, great to see you. RAPHAEL BOSTIC: Good to see you too, Brian. BRIAN CHEUNG: It’s… Source link

On Tuesday, we learned U.S. employers had a record 11.5 million job openings as of March. That’s arguably the clearest sign that the economy is booming, as hiring workers isn’t cheap and most employers would only do it if they didn’t already have the staff to keep up with demand. Currently, there are just 5.9 million people who are unemployed. In other words, there are nearly two job openings per unemployed person. The mismatch means that workers have a lot of options, which means they… Source link

Analysts have been looking to the energy sector to jolt the market back to life as the U.S. economy continues to exit the current low-interest rate environment. “I’m actually very bullish on materials and even more bullish on energy moving forward,” Aptus Capital Advisors Portfolio Manager David Wagner told Yahoo Finance Live. “So if we go back to later periods in the early 2000s and other periods where we actually saw rising rates, so the Fed tightening, you still saw defensive… Source link

U.S. stock futures opened slightly lower Wednesday evening after a rally on Wall Street, when many investors breathed a sigh of relief that the Federal Reserve was unlikely to raise interest rates even more aggressively in the coming months. Contracts on the S&P 500 dipped. Earlier, the blue-chip index posted it best single-session gain since May 2020, rising 2.99%. The Nasdaq Composite surged by 3.2%, and the Dow added more than 900 points, or 2.8%. The jump came in the wake of the Federal… Source link

Traders are betting the Federal Reserve’s 0.5% rate increase today is far from its last this year. Fed funds futures are pricing in hikes of varying sizes for the next five meetings, and Fed officials themselves have endorsed that view — and suggested again today in their statement — that increases will continue. But what if the U.S. economy isn’t strong enough to withstand those rate increases and the Fed is forced to stop? “The Fed was too slow to act when the economy was growing,… Source link

(Bloomberg) — The Federal Reserve delivered the biggest interest-rate increase since 2000 and signaled it would keep hiking at that pace over the next couple of meetings, unleashing the most aggressive policy action in decades to combat soaring inflation. Most Read from Bloomberg The U.S. central bank’s policy-setting Federal Open Market Committee on Wednesday voted unanimously to increase the benchmark rate by a half percentage point. It will begin allowing its holdings of Treasuries and… Source link

The Federal Reserve on Wednesday raised short-term interest rates by 0.50%, as part of an effort to tamp down the inflationary pressures weighing on Americans. The central bank suggested that it will further raise borrowing costs throughout this year as it attempts to undo its pandemic-era, easy money policies. The policy-setting Federal Open Market Committee also detailed plans on unwinding its nearly $9 trillion balance sheet. The decision to raise rates by 0.50% marked the most aggressive… Source link