Tag Archives: Fed

A version of 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 Friday, January 13, 2023 Today’s newsletter is by Alexandra Semenova, markets reporter at Yahoo Finance. Follow Alexandra on Twitter @alexandraandnyc. Read this and more market news on the go with the Yahoo Finance App. Inflation slowed for a sixth-straight month in December, data out Thursday showed. This downtrend in price increases… Source link

Inflation pressures eased again in December, giving some Federal Reserve officials more confidence that a continued slowdown in its interest rate increases is warranted. In the final month of 2022, inflation as measured by the Consumer Price Index showed prices rose 6.5% over last year while falling 0.1% over the prior month. Philadelphia Fed President Patrick Harker said Thursday morning he expects the “eye-popping” inflation readings of 2022 are behind us, and that it makes sense to slow… Source link

Federal Reserve Chair Jerome Powell made the case in a speech on Tuesday for the Federal Reserve’s independence, noting stable inflation is the foundation of a healthy economy and can require the central bank taking actions that are necessary, but not popular. “The case for monetary policy independence lies in the benefits of insulating monetary policy decisions from short-term political considerations,” Powell said at the Symposium on Central Bank Independence in Stockholm, Sweden. “Price… Source link

Consumer expectations for inflation over the next year dropped to the lowest level since July 2021, according to a survey from the New York Federal Reserve released Monday. Expectations for inflation one year ahead fell in December by 0.2 percentage points to 5%. However, three-year-ahead inflation expectations were unchanged in December at 3%. Inflation expectations for the next five years inched up by 0.1 percentage point to 2.4%. The incremental drop in short-term expectations is… Source link

If Donald Trump were still president, he’d be shredding the Federal Reserve. President Biden, for his part, is keeping his mouth shut. But he can’t be happy about a gloomy Fed that refuses to celebrate the steady improvement in inflation. On Dec. 13, markets rejoiced as the monthly inflation report showed a better-than-expected decline, from 7.7% annualized inflation in October to 7.1% in October. The details were broadly encouraging. The price of goods was stabilizing as Americans… Source link

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 Friday, December 16, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App. Forget about a soft landing in 2023. Should the Fed achieve its goal of reducing inflation, it’s all but guaranteeing a punishing… Source link

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 Thursday, December 15, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with the Yahoo Finance App.Yahoo Finance App. The Federal Reserve expects an economic downturn next year. But just don’t call it a recession. In its… Source link

Hedge fund manager Bill Ackman believes the Federal Reserve’s 2% inflation target is unattainable without severe pain for the U.S. economy. The Pershing Square Capital founder and CEO said in a tweet Wednesday it would take a “deep, job-destroying recession” for inflation to return to that level, which marks the U.S. central bank’s long-term price stability goal. “Even if it gets back to 2%, it won’t remain stable there for the long term,” Ackman said in a tweet Wednesday after… Source link

U.S. stocks fell in volatile trading Wednesday after the Federal Reserve delivered its seventh and final interest rate increase of 2022 and Chair Jerome Powell asserted in hawkish remarks that further tightening is underway. The central bank lifted its key policy rate by half a percentage point, slowing the pace from hikes of 75 basis points across the prior four meetings. The move brings the federal funds rate to a new range of 4.25% to 4.5%, the highest level since December 2007. The S&P 500… Source link

U.S. stocks rallied Monday ahead of a busy week for investors, with key inflation data and the Fed’s last policy meeting of the year on tap over the next two days. The S&P 500 (^GSPC) gained 1.4%, while the Dow Jones Industrial Average (^DJI) increased by 1.5%, or more than 500 points. The technology-heavy Nasdaq Composite (^IXIC) advanced by 1.2%. The rally served as a rebound from stocks’ worst week since September. The S&P 500 dropped 3.4% last week, while the Dow fell 2.8% and the Nasdaq… Source link