Tag Archives: Fed

(Bloomberg) — Wall Street traders gearing up for the Federal Reserve decision scrambled to digest a selloff in big tech, the Treasury refunding plans and weaker-than-forecast data. Fresh concerns about regional lenders added to economic concerns that sent bond yields plunging, though banks pared losses as the session progressed. Most Read from Bloomberg The most-influential group in the S&P 500 got hammered on Wednesday after some of its biggest names failed to live up to high expectations… Source link

(Bloomberg) — A stock selloff deepened in Asia, after fresh data redoubled concerns about China’s economy and as investors curbed wagers on Federal Reserve interest rate cuts. Most Read from Bloomberg Hong Kong shares led the declines, with the Hang Seng Index tanking nearly 4%. The CSI 300 mainland Chinese benchmark also fell 1.6%. The losses came after official figures showed while China reached its 2023 economic goal, the country’s housing slump has worsened and domestic demand… Source link

[unable to retrieve full-text content]Stock market news today: US stocks move higher amid revived hopes for Fed rate cut, GDP data  Yahoo Finance Source link

[unable to retrieve full-text content]Stock market news today: US stocks climb amid revived hopes for Fed rate cut  Yahoo Finance Source link

[unable to retrieve full-text content]Stock market news today: US stocks flat in countdown to Fed  Yahoo Finance Source link

[unable to retrieve full-text content]What if the Fed hadn’t made a ‘mistake’? A hypothetical to consider.  Yahoo Finance Source link

U.S. stocks were higher Wednesday afternoon after Fed Chair Jerome Powell said in a press conference on Wednesday signs of disinflation are building in the economy, which investors took as a sign the central bank could be close to ending its rate-hiking campaign. Tech stocks were leading the charge higher on Wednesday following Powell’s comments, with the technology-heavy Nasdaq Composite (^IXIC) rising as much as 2%. Meanwhile, the S&P 500 (^GSPC) was higher by 1.2% while the Dow Jones… Source link

Billionaire investor David Rubenstein is the latest Wall Street titan raising doubts about the Federal Reserve’s ability to reach its current inflation goals. “I think the Fed will probably target inflation down to about 3%, not 2%,” the founder and co-chairman of private equity giant The Carlyle Group said in an interview with Yahoo Finance Live at the World Economic Forum in Davos, Switzerland Wednesday. Rubenstein also had a notably more optimistic tone about the outlook for the economy Source link

DAVOS, Switzerland — Bank of America (BAC) CEO Brian Moynihan is pushing back on the view held by some investors that the Federal Reserve will slash interest rates in 2023 to jumpstart a potential recessionary U.S. economy. “They may leave [rates] higher for longer just to make sure they squeeze out that services-side inflation,” Moynihan told Yahoo Finance at the World Economic Forum (WEF) on Tuesday. Moynihan pointed out that his research team is expecting a “mild” recession this year…. Source link

DAVOS, Switzerland — Bank of America (BAC) CEO Brian Moynihan is pushing back on the view held by some investors that the Federal Reserve will slash interest rates in 2023 to jumpstart a potential recessionary U.S. economy. “They may leave [rates] higher for longer just to make sure they squeeze out that services-side inflation,” Moynihan told Yahoo Finance at the World Economic Forum (WEF) on Tuesday. Moynihan pointed out that his research team is expecting a “mild” recession this year…. Source link