Tag Archives: Fed

The U.S. Federal Reserve’s campaign against inflation might not be finished until you’ve lost money on bitcoin (BTC). The reason why goes back to the basics of central banking. The Fed does what it does with monetary policy (these days, raising interest rates) and that filters through the economy by impacting, among other things, how much key assets cost – “financial conditions,” in central bank jargon. For most of this year, Fed policy makers have been sanguine toward markets like… Source link

“Fire and ice” isn’t just a show about dragons and zombies on HBO. It’s been Michael J. Wilson’s vision of the stock market throughout 2022. Wilson, the chief investment officer at Morgan Stanley, has argued that stocks are fighting a toxic combination of economic headwinds—which he calls “fire” and “ice”—that are set to keep equity prices subdued until late 2023. The stock market’s summer rally was cut short last month as investors digested a reaffirmation of the… Source link

U.S. stocks tumbled in a turbulent session Wednesday as fears of combative Federal Reserve policy to rein in inflation continued to weigh on sentiment. [Click here to read what’s moving markets on Thursday, September 1] The S&P 500 sank 0.8%, while the Dow Jones Industrial Average tumbled 280 points, or about 0.9%. The tech-heavy Nasdaq Composite fell 0.6%. A volatile run for stocks in recent weeks has erased much of the summer’s relief rally, with the S&P 500 officially wiping out half of… Source link

Loretta Mester, president of the Federal Reserve Bank of Cleveland, joined Yahoo Finance on the sidelines of the annual Jackson Hole symposium discuss the Fed’s firefight with inflation amid recessionary concerns. Below is a transcript of her appearance, which was taped and aired on Aug. 26. — BRIAN CHEUNG: Yahoo Finance here onsite at the Jackson Hole Economic Symposium. I’m sitting here next to Cleveland Fed President Loreta Mester, President Mester, great to see you. LORETTA MESTER: Thanks…. Source link

Thomas Barkin, President of the Federal Reserve Bank of Richmond, joined Yahoo Finance Live to discuss his economic outlook amid new data on the labor market and consumer confidence. Below is a transcript of his appearance, which aired live on Aug. 30. — BRIAN CHEUNG: Let’s bring in Federal Reserve Bank of Richmond President Tom Barkin joining us in an exclusive interview on Yahoo Finance. Great to have you on the program, President Barkin. You know, it’s been a pretty busy morning in terms… Source link

Esther George, president of the Federal Reserve Bank of Kansas City, joined Yahoo Finance on the sidelines of the annual Jackson Hole symposium discuss the Fed’s firefight with inflation amid recessionary concerns. Below is a transcript of her appearance, taped on August 24 and aired on August 25. — BRIAN CHEUNG: Yahoo Finance on site here, the Jackson Hole Economic Symposium. I’m sitting down here with Kansas City Fed President Esther George. President George, how are you? ESTHER GEORGE:… Source link

The U.S. housing market is under pressure. Data this week on new home sales and pending home sales reflected sharp drops from last year and showed the impact higher interest rates continue to have on prospective buyers. On Wednesday, the latest report on pending home sales from the National Association of Realtors showed contracts to buy previously owned homes fell 1% from June to July and 19.9% from July 2021 to July 2022. The Pending Home Sales Index — a measure of signed contracts on… Source link

U.S. stocks struggled for direction at Wednesday’s open as investors awaited clarity from Federal Reserve policymakers on their monetary tightening plans against a backdrop of downbeat economic data. The S&P 500 was just below breakeven at the start of trading after the benchmark index fell for three straight sessions. The Dow Jones Industrial Average slipped 50 points, or roughly 0.2%, while the Nasdaq Composite was flat. Peloton (PTON) shares surged as much 13% in after the company said it… Source link

Bond yields ripped higher after new employment data showed the U.S. economy adding a breakneck 528,000 jobs in the month of July. Emily Roland, co-chief investment strategist at John Hancock Investment Management, told Yahoo Finance the strong July jobs report shows that the economy is “not there yet” when it comes to recession. Michael Pearce, senior U.S. economist at Capital Economics, was even firmer in an email following Friday’s data: “The unexpected acceleration in non-farm payroll… Source link

The Bank of England announced its biggest rate hike since 1995 on Thursday, following the lead of the Federal Reserve in the U.S., which has been raising rates to respond to skyrocketing inflation. But some Fed watchers believe the U.S. central bank acted too slowly. The Federal Reserve became ensnared in a “cognitive trap” that made the central bank believe inflation was fleeting, Mohamed El-Erian, Allianz SE chief economic adviser and ex-PIMCO CEO, said in a recent episode of “Influencers… Source link